LOS
ANGELES, July 17, 2024 /PRNewswire/ -- St. Cloud
Capital is pleased to announce a recent investment in Blufox
Mobile, LLC, a leading retailer of Comcast Corporation's Xfinity
products and services, operating over 100 locations across the
eastern United States. St. Cloud
invested alongside other lenders to refinance existing debt and
provide growth capital to support Blufox's expansion efforts. This
is an investment out of St. Cloud's fourth fund, which has
committed capital of $236
million.
"We are pleased to collaborate with St. Cloud to add to our
operating footprint," said Chetan Krishna, CEO of Blufox
Mobile, LLC. "This investment provides the flexible capital needed
to open new locations and expand our service offerings."
Ben Hom, Managing Partner at St.
Cloud Capital, expressed his enthusiasm for the partnership,
saying, "We are proud to support Chetan and his talented team at
Blufox Mobile. We look forward to partnering with the Blufox team
on their next stage of growth."
This investment underscores St. Cloud Capital's commitment to
partnering with proven entrepreneurs in fulfilling their long-term
growth plans. St. Cloud Capital looks forward to the continued
success of Blufox Mobile as it strengthens its market position.
About St. Cloud Capital
St. Cloud Capital is a Los Angeles-based private investment
firm founded in 2001 that provides debt and equity growth capital
to the lower middle market (companies with annual revenues
generally between $10 million and $150 million). St.
Cloud has managed over $700 million and invested in 80
portfolio companies. Investments have been made in a wide range of
industries and in every layer of the capital structure, including
senior secured debt, subordinated debt, and preferred and common
stock. St. Cloud typically invests in non-control situations,
acting as both a financial and strategic partner to strong emerging
managers, management teams and industry entrepreneurs in fulfilling
their long-term growth plans. For more information about St. Cloud
Capital, please visit: www.stcloudcapital.com
Media Contact: Matt
Smith, msmith@stcloudcapital.com
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SOURCE St. Cloud Capital