UPDATE: DH Capital Advises RagingWire Data Centers on 80% Sale to NTT Com

UPDATE: DH Capital Advises RagingWire Data Centers on 80% Sale to NTT Com 
NEW YORK, NY and BOULDER, CO -- (Marketwired) -- 10/28/13 --  DH
Capital, LLC ("DH Capital"), an investment banking firm serving
companies in the Internet infrastructure, communications, and SaaS
sectors, announced today that the company served as exclusive
financial advisor to RagingWire Data Centers on its equity
transaction with NTT Communications (NTT Com) which was announced
earlier today. 
NTT Com, the ICT solutions and international communications business
within NTT, and RagingWire, a leading provider of data center
colocation services in the United States, jointly announced that NTT
Com will acquire approximately 80% equity interest in RagingWire for
$350 million (USD). The acquisition follows a definitive agreement
reached with RagingWire shareholders. RagingWire's founders and
management team will continue to operate the company as a platform
under the RagingWire brand and maintain a minority interest in the
"RagingWire is a great American success story. Since its founding in
2000, George Macricostas, along with his exceptional management team,
have built one of the world's premier data center businesses. The
company combines industry leading patented technology with unrivaled
customer service to deliver a highly compelling value proposition to
its customers. I am confident that George and his team will further
accelerate the company's already robust growth through its
affiliation with NTT Com," said Peter Hopper, founder and CEO of DH
"We are extremely excited about this transaction and our partnership
with NTT Com. DH Capital's assistance on this transaction has been
invaluable. Their detailed knowledge of our business and the industry
sector combined with their deep experience played a major factor in
creating the outcome we are announcing today," said George
Macricostas, founder and CEO of RagingWire. 
The acquisition will more than double NTT Com's data center space in
the U.S. which will enable NTT Com to respond to high demand for data
center services in North America. NTT Com will also deploy
RagingWire's know-how and patented technologies for the design and
operation of highly dependable, scalable and sophisticated data
About DH Capital: 
DH Capital is a private investment banking partnership serving
companies in the Internet infrastructure, communications, and SaaS
sectors. Headquartered in New York City 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
mergers and acquisitions, private capital placements, financial
restructuring, and operational consulting. DH Capital has completed
105 M&A transactions and private capital placements totaling more
than $8.5 billion in value. 
For additional information about DH Capital, please visit our website
at www.dhcapital.com. 
About NTT Communications Corporation
 NTT Communications provides
consultancy, architecture, security and cloud services to optimize
the information and communications technology (ICT) environments of
enterprises. These offerings are backed by the company's worldwide
infrastructure, including IPv4/IPv6 Global Tier-1 IP Network, Arcstar
Universal One(TM) VPN network reaching more than 190
countries/regions, and over 150 secure data centers. NTT
Communications' solutions leverage the global resources of NTT Group
companies including Dimension Data, NTT DOCOMO and NTT DATA. 
Further information: www.ntt.com/ | www.twitter.com/nttcom |
DH Capital