It seems that Safe Security, which monitors alarm systems for residential and commercial properties, raised $25 million in debt financing last month. This brings total debt financing to $50 million for the company. The transaction for Safe Security follows an investment from St. Cloud earlier this year, LeBran says.
St. Cloud, a Los Angeles private investment firm, typically invests between $5 million and $15 million per deal. “We’re still the largest shareholder,” LeBran says.
In 2009, RC/Fontis Partners bought Safe Security from GE Capital. Officials for St. Cloud and Safe Security couldn’t be reached for comment.