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Select Portfolio Investments
St. Cloud invested in Frontline Acquisition Inc. in the form of senior secured notes, subordinated secured notes with warrants, and common and preferred stock. The proceeds were used to acquire all the assets of Frontline Sales Inc. and to fund future growth. Frontline Sales is a leading manufacturer and supplier of safety products and programs primarily to large, multi-unit operators of supermarkets, restaurants and retail stores. The company also has significant e-commerce capabilities that provide its customers with ordering consistency and ease.
St. Cloud invested in National Holdings Corporation, utilizing senior subordinated convertible notes. The proceeds will be used to fund merger related costs with vFinance, Inc, and provide additional working capital.The Company, through its wholly owned subsidiary, National Securities Corporation, provides securities brokerage and investment services throughout the United States. It also provides corporate finance and investment banking services, including underwriting the sale of securities to the public and arranging for the private placement of securities with investors.
St. Cloud invested in CinnaWorkS, LLC, Sweet Candy, LLC, and Signature Distribution in the form of senior secured bridge notes and senior notes with warrants. The proceeds will be used to recapitalize the company's balance sheet and provide capital for growth. CinnaWorks is the country's largest franchisee of Cinnabon bakeries, with over 140 locations in 22 states. Sweet Factory is the nation’s largest bulk candy retailer with 98 company-owned and 23 franchised locations in 26 states. Signature Distribution is a distribution company that primarily serves Cinnaworks and Sweet Factory stores.
St. Cloud invested in Petwatch Animal Hospitals, Inc., in the form of senior subordinated convertible notes with penny warrants and common stock. The capital will be used primarily for funding acquisitions. PetWatch's objective is to become a preferred provider of high quality pet care by offering a broad array of pet care services within regional clusters by consolidating veterinary clinics and hospitals in regional markets.
| SecureOne Data Solutions, LLC (formerly Cal Coast Data Entry, Inc.) |
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| www.ccde.com |
St. Cloud invested in SecureOne Data Solutions, LLC, in the form of senior subordinated promissory notes with warrants. The capital will be used to fund acquisitions and organic growth. SecureOne Data Solutions is one of the leading comprehensive business process outsourcing providers in the southwestern U.S. with offices in Phoenix, AZ, Cerritos, CA, and Nogales, Sonora, Mexico.
St. Cloud invested in Seven Wells, LLC ("i.e. Distribution") in the form of senior secured promissory notes. The capital will be used to finance the acquisition of the World Industries brand. i.e. Distribution manufactures and distributes under license World Industries branded footwear and snowboard products (equipment and footwear) throughout North America targeted to males, 7-14 years old.
St. Cloud invested in TMS, Inc. in the form of senior secured convertible notes. The capital will be used to acquire new customers and for working capital. TMS is a leading national direct-to-consumer provider of Medicare reimbursed products in the United States and Puerto Rico.
St. Cloud invested in Kalologie Skincare, LLC, in the form of secured promissory notes with a membership interest. The capital will be used primarily for opening new locations and for working capital. Kalologie is a leading international specialty retailer of high-end cosmetic dermatology treatments and cosmeceutical products with multiple retail locations in Los Angeles and Tokyo.
St. Cloud invested in Demand Media, Inc. via convertible preferred stock. The Company has developed a unique platform that leverages cutting edge, user-driven publishing, community, and monetization tools in order to define the next generation of new media companies. The company’s portfolio includes nearly 150,000 domain names across multiple content categories, from which revenue is generated through paid advertisements.
St. Cloud invested in Security Contractor Services, Inc., in the form of senior subordinated promissory notes and common stock. The investment was part of a buyout led by St. Cloud. The capital will be used to purchase all of the equity of the Company and provide working capital. SCS is a leading fencing wholesaler and rental fencing provider that has served the fencing industry in the Western United States for over 40 years. SCS derives its competitive advantage by offering a high degree of service to sectors of the market that are underserved by the large players in the industry.
St. Cloud invested in XLNT Veterinary Care, Inc. ("Pet DRx”) utilizing a combination of senior secured convertible notes with warrants and convertible preferred stock. The Company owns and operates veterinary hospitals in California and is driving consolidation within the veterinary care industry in selected regional markets through internal growth and the acquisition of established veterinary hospitals. In January 2008, XLNT was acquired by Echo Healthcare Acquisition Corp. a healthcare focused SPAC (“Special Purpose Acquisition Company”) in an all stock transaction. Echo (renamed “Pet DRx” after the acquisition) (PDXC.OB) continues to focus on consolidating the veterinary care industry primarily through acquisitions.
St. Cloud invested in Meritage Retail Network, Inc., in senior subordinated promissory notes and common stock. The investment was part of a buyout led by St. Cloud. The capital will be used to purchase all of the equity of the Company. The Company is a leading online retailer and distributor of pool tables and related game room furniture.
St. Cloud invested in Club Holdings, LLC, in the form of Series B preferred stock. The funds will be used for working capital and acquisitions. Club Holdings provides hospitality services to members at a variety of destinations including: Telluride, Cabo San Lucas, Napa, New York City, Amelia Island, Hawaii, Scottsdale, Palm Springs, Jackson Hole, Kiawah Island, and Beaver Creek.
St. Cloud invested in Eastern Mountain Sports, Inc. (“EMS”) in a combination of senior subordinated promissory notes, warrants and preferred stock. St. Cloud is a member of an investment group, led by Whitney & Co., LLC, that funded the management-led buyout of EMS. Based in Peterborough, NH, EMS is one of the leading outdoor specialty retailers with over 80 stores across 16 states. EMS designs and sells products for outdoor athletes and enthusiasts who participate in a variety of sports such as mountaineering, backpacking, camping, hiking, adventure racing, climbing, kayaking, mountain biking and snow sports.
St. Cloud invested in the common stock of Continucare Corporation as part of a private placement. The funds will be used for the retirement of long-term debt and for working capital in connection with the introduction of a new management team. Based in Miami, Florida, with 15 locations, Continucare is a leading regional provider of outpatient healthcare services through medical centers and affiliated doctors. The Company provides this service to the membership of managed care partners. St. Cloud has already sold approximately half of its position in Continucare.
St. Cloud invested in Compact Power, Inc. in a combination of participating preferred stock and senior subordinated promissory notes with warrants. The investment will be used for acquisitions and working capital. Compact Power is a leading wholesale distributor of revolutionary labor-saving products. Its branded lines of compact utility equipment are sold in the landscape, construction, utility and agricultural markets.
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