Press Releases
SOURCE: DH Capital, LLC

DH CAPITAL ADVISES LIBERTY TOWERS ON $20 MILLION INVESTMENT BY HOUSATONIC PARTNERS

NEW YORK, NY – December 10, 2007 – DH Capital, LLC, an investment banking firm serving the media, Internet and telecommunications industries, announced today that Liberty Towers, LLC has received a $20 million investment commitment consisting of preferred equity from Housatonic Partners. Liberty Towers will use the funds invested under this commitment to continue the development of communications towers in the Mid-Atlantic and Northeastern United States.

Liberty Towers was formed by Eric Sivertsen, Michael Hofe and Clark Madigan, three executives with extensive experience in the site selection, engineering, development and operation of communications towers. “We appreciate DH Capital’s advice and support in securing funds to grow Liberty Towers into a significant middle-market tower company,” stated Eric Sivertsen, Chief Executive Officer of Chesapeake Towers Development, LLC, the manager of Liberty Towers. “DH Capital’s help was invaluable in matching Liberty’s financial needs and aspirations with Housatonic Partners, an investor we know to be industry knowledgeable as well as a good partner.”

Housatonic Partners is a private equity investment firm founded in 1994 with more than $650 million in capital under management. Housatonic Partners invests in growing, profitable companies in the recurring services, media and communications industries.

DH Capital served as exclusive financial advisor to Liberty Towers, LLC on this capital placement.

About DH Capital, LLC
DH Capital is an investment banking partnership serving the media, Internet and telecommunications industries. Headquartered in New York, 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 & 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.