Press Releases
SOURCE: DH Capital, LLC

DH CAPITAL ADVISES NEWNAN UTILITIES ON SALE OF ITS CABLE AND TELECOMMUNICATIONS SYSTEM TO HALYARD CAPITAL

NEW YORK, NY and BOULDER, CO - April 22, 2008 - DH Capital, LLC, an investment banking firm serving the media, Internet and telecommunications industries, announced today that Newnan Utilities has completed the sale of its cable and telecommunications system to an affiliate of Halyard Capital. The municipally owned system being sold serves subscribers in the communities in and around Newnan, Georgia.

“The team at Newnan Utilities has done a terrific job creating a robust, customer focused cable and telecommunications platform,” stated Townsend Devereux, Partner at DH Capital, LLC. “Halyard Capital and their operating team, led by John Brooks, have a long history in the cable and telecommunications sectors and we expect they will meet with great success as well.”

“It has been a pleasure working with Townsend Devereux and Marty Friedman and the rest of the DH Capital team during this process,” commented Dennis McEntire, General Manager of Newnan Utilities. “Their assistance from start to finish has been invaluable.”

Newnan Utilities received legal counsel from Paul, Hastings, Janofsky & Walker LLP.

DH Capital served as exclusive financial advisor to Newnan Utilities.

About DH Capital, LLC
DH Capital is an investment banking partnership serving the media, Internet and telecommunications industries. Headquartered in New York with offices in Boulder, Colorado, the firm's principals have extensive experience and proven abilities in capital formation, finance, research, business development and operations. DH Capital provides a full range of advisory services to companies and financial institutions including private placements, mergers & acquisitions, financial restructuring, and operational consulting. The principals of DH Capital have led hundreds of transactions including mergers and acquisitions totaling in excess of $10 billion, private equity placements totaling more than $1 billion, and debt placements totaling in excess of $10 billion.

For additional information on DH Capital, please contact us at 212-774-3720.