LOS ANGELES, CA (October 31, 2016) – St. Cloud Capital is pleased to announce a growth capital investment in Huntley, IL-based Life Spine, Inc. It is an investment out of St. Cloud’s third fund, which has committed capital of $250 million.
Life Spine is a medical device company that makes specialized, proprietary medical devices used in spine surgeries. Its products include implants, screws, cages, and biologics used during spinal fusion and other minimally invasive spine surgeries. St. Cloud’s investment, in conjunction with a new ABL facility, will be used to refinance existing senior debt as well as fund numerous capital investment initiatives.
“This transaction is a big step in helping us embark on the next phase of our growth plan and we are excited to have St. Cloud as our strategic partner.” said Michael Butler, President and CEO of Life Spine.
St. Cloud Capital Managing Partner Ben Hom commented, “We are very impressed with the world class organization Michael has put together and look forward to working with the entire Life Spine team to maximize value during our partnership.”
For more information about Life Spine, Inc., please visit http://www.lifespine.com
About St. Cloud Capital
St. Cloud Capital is a Los Angeles, CA-based private investment firm that provides growth capital to the lower middle market (companies with annual revenues generally between $10 million and $150 million) throughout the United States. St. Cloud typically invests $5 million – $20 million in companies across a wide range of industries in every layer of the capital structure, including senior secured debt, subordinated debt, and preferred and common equity. St. Cloud’s investment discipline includes non-control and control investments, and involves partnering with strong management teams or experienced industry entrepreneurs. For more information about St. Cloud Capital, please visit https://www.stcloudcapital.com