Investment Summary

St. Cloud Capital and Granite Creek Partners Invest In Life Spine

On October 31, 2016, private equity firms St. Cloud Capital and Granite Creek Partners invested in medical products company Life Spine

Investment Highlights
  • This is St. Cloud Capital’s 1st and Granite Creek Partners’ 1st transaction in the Medical Products sector.
  • This is St. Cloud Capital’s 23rd and Granite Creek Partners’ 16th transaction in the United States.
  • This is St. Cloud Capital’s 1st and Granite Creek Partners’ 6th transaction in Illinois.

Investment Summary

Date 2016-10-31
Target Life Spine
Sector Medical Products
Investor(s) St. Cloud Capital
Granite Creek Partners
Deal Type Growth Capital

Target

Life Spine

Huntley, Illinois, United States
Life Spine is a medical device company that makes specialized, proprietary medical devices used in spinal surgeries. Its main products include implants, screws, cages, tools, and biologics used in spinal fusion and other minimally invasive spine surgeries. Life Spine is focused on providing innovative solutions to more effectively resolve spine-related pain, shorten the length of operations, and cut down on patient recovery time. Life Spine was founded in 2004 and is based in Huntley, Illinois.

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Investor(S) 2

Investor

St. Cloud Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

St. Cloud Capital is an investment firm that invests in lower middle-market private and public companies. The Firm provides both debt and equity capital financing. St. Cloud targets well-managed, undervalued companies with successful products or services, proven technologies, and market niches. It looks to invest $5 to $20 million per transaction in companies with revenue of $10 to $150 million. Prospective transactions types include recapitalizations, buyouts, and growth capital financing. St Cloud Capital was formed in 2001 and is based in Los Angeles, California.


DEAL STATS #
Overall 23 of 36
Sector: Medical Products M&A 1 of 1
Type: Growth Capital M&A Deals 9 of 18
State: Illinois M&A 1 of 1
Country: United States M&A 23 of 36
Year: 2016 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Blue Casa Telephone

Santa Barbara, California, United States

Blue Casa Telephone is a residential and business telephone service provider, principally offering telephone, broadband, and wireless services to bilingual communities in Southern California. Blue Casa Telephone was established in 2003 and is based in Santa Barbara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 Apposite Technologies

Los Angeles, California, United States

Apposite Technologies is a developer of a wide-area network (“WAN”) testing software and equipment. Apposite’s tools test the effect of WAN bandwidth, latency, packet loss, and other impairments, allowing users to evaluate the performance of network-based software applications. Apposite Technologies was founded in 2005 and is based in Los Angeles, California.

Buy -
Investor

Granite Creek Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Granite Creek Partners is a Midwest US-based private equity firm focused on acquiring and investing in mid-sized companies operating in the manufacturing, distribution, business services, healthcare, and food sectors. The Firm looks to commit $7 to $25 million per transaction and can invest across the capital structure, including control/minority equity, mezzanine debt, senior secured debt, and debtor-in-possession loans. Granite Creek Partners was formed in 2005 and is based in Chicago.


DEAL STATS #
Overall 17 of 38
Sector: Medical Products M&A 1 of 2
Type: Growth Capital M&A Deals 5 of 13
State: Illinois M&A 6 of 10
Country: United States M&A 16 of 36
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Mincron Software Systems

Houston, Texas, United States

Mincron Software Systems is a full-service provider of complete wholesale distribution software systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-26 Weld Racing

Kansas City, Missouri, United States

Weld Racing LLC is a manufacturer of aluminum wheels for performance automotive enthusiasts and the competitive auto racing industry.

Sell -