I think this was made using Blippo Black or Pump. The 'h' is made from an 'l' attached to a reversed 's'. All the connections are added on. The tracking is closed so that letters touch. If you give me a few minutes, I can use Pump to show you what I mean.
Here is the original lettering and a simulation done (crudely) using Pump Demi. I can see that there are rounded joins in the original. That's probably a bit beyond my skill with Illustrator, but probably not for a more accomplished professional. I think this is at least a close approximation. I used short line segments for the connections. 
'Pump', at myFonts.: www.myfonts.com/fonts/linotype/pump-2/..
'Pump', at Linotype.: www.linotype.com/90171/pump-family.html..
You can get Pump from any site that sells Letraset fonts, like MyFonts.com, Fonts.com or ITC, among others.
Captured from web.archive.org on 18 May 2005. view this capture