Cheval Capital, Inc.

Cheval Capital, Inc. Closes 100th Web Hosting Transaction

Alexandria, Virginia, November 1, 2007 – Boutique investment banking firm and web hosting industry specialist, Cheval Capital, announced that it has advised on its 100^th successful transaction in the web hosting, ISP and related Internet services businesses.

Cheval achieved this milestone with the successful sale of web hosting firm, Host Department, LLC to Nettlinx, Limited, a Bombay Stock Exchange listed company that provides Internet, Bandwidth, Hosting, VOIP and Enterprise Services. Cheval Capital represented Host Department in the transaction.

Hillary Stiff of Cheval commented on the event, “We’ve been very fortunate since we began in this industry with Verio in the late 1990’s to have worked with a large number of great companies.  We had the pleasure in this case of working for Host Department and I believe that this will be a terrific transaction for both parties.”

Jimmy Tanzil, CEO of Host Department, commented on Cheval's role in the transaction, "I've had the pleasure of knowing and talking with Hillary over the last few years and am delighted that we are Cheval Capital's 100th transaction. Her help in selling our company was invaluable."

The sale marks the 19th transaction that Cheval has completed in 2007.

The company has also recently announced the launch of its new website http://www.chevalcap.com. In addition to providing background information on Cheval Capital, the new site includes a variety of materials intended to help Cheval’s clients and others looking at the purchase or sale of web hosting and related Internet services businesses. Such materials include presentations that review current industry valuations and valuation methodology, level of acquisition/sale activity, and key factors in determining valuations and desirability.

The principals of Cheval Capital have completed transactions valued at over $2 billion and the company’s deal portfolio includes some of the top names in web hosting and Internet services such as: The Endurance International Group, NTT/Verio and Rackspace Managed Hosting among others.

To learn more about Cheval Capital, please visit: http://www.chevalcap.com.

About Cheval Capital, Inc.

Cheval Capital, Inc. is a boutique Investment Bank specializing in mergers, acquisitions and corporate finance. While Cheval has expertise in a variety of industries, they have been particularly active in the Internet services arena. Since the late 1990’s, Cheval has represented a number of companies in completing 100 successful web hosting and ISP M&A transactions.

Contact:

Frank Stiff
Cheval Capital, Inc
703-549-7390
fstiff - at - chevalcap.com

The Endurance International Group merges with IPOWER

Cheval Capital represented The Endurance International Group in their merger with IPOWER. The merger creates one of the largest shared hosting companies in the industry with more than 600,000 active sites. 

Netcraft's article on the merger can be found here.

Cheval completes 11 transactions in the first half of 2007

In the first half of 2007, Cheval Caplital completed 11 transactions for its clients in the web hosting and ISP businesses.

Tele5 Voice Services acquires Servage GMBH

Cheval Capital acted as financial advisor for Swedish IT and telephony services provider Tele5 Voice Services AB's acquisition of Servage GMBH.  Servage has over 18,000 clients in Britain, Germany, Italy, France, Spain, America, Canada, Australia and Japan.  A copy of the press release can be found here (in Swedish.)

Cheval completes 21 transactions during 2006 in Hosting, ISP and related businesses.

We are pleased to report that Cheval Capital completed 21 transactions during 2006 in the Internet web hosting, ISP and related Internet services businesses.