Gladstone Investment Corporation Invests in LogoSportswear
March 09 2015 - 4:39PM
Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone
Investment") announced today that on March 6, 2015, it invested an
aggregate of $11.4 million in a combination of debt and equity to
purchase LogoSportswear, Inc. ("LogoSportswear"), a business unit
of Cafepress, Inc. (Nasdaq:PRSS). Gladstone Investment partnered
with Digital Fuel Capital ("Digital Fuel"), a private equity firm
focused on e-commerce and digital marketing, and LogoSportswear's
existing management team on the transaction.
Founded in 1995 and based in Cheshire, CT, LogoSportswear is an
online provider of user-customized uniforms and apparel for teams,
leagues, schools, businesses and organizations. The business sells
products online through three core brands: LogoSportswear,
TeamSportswear, and TFUND.
"We are thrilled to be partnering with Digital Fuel on another
e-commerce platform investment. The management team at
LogoSportswear has done an incredible job growing this business and
we look forward to working with Digital Fuel to support continued
growth," said Kyle Largent, a Managing Director of Gladstone
Investment.
"LogoSportswear's product selection, printing options and
easy-to-use design tools differentiate it in the custom group
apparel market," said Carson Biederman, President of Digital Fuel.
"We look forward to working with Gladstone and the team at
LogoSportswear to expand the companies' offerings in custom team
wear, work wear and spirit wear through both organic growth and
acquisitions of other leaders in customer apparel."
Gladstone Investment Corporation is a publicly traded business
development company that seeks to make debt and equity investments
in small and mid-sized businesses in the United States in
connection with acquisitions, changes in control and
recapitalizations. Additional information on the transaction can be
found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds, please visit
www.gladstone.com.
Forward-looking Statements:
The statements in this press release regarding the longer-term
prospects of LogoSportswear and its management team, and the
ability of LogoSportswear to grow and expand are "forward-looking
statements." These forward-looking statements inherently involve
certain risks and uncertainties in predicting future results and
conditions. Although these statements are based on Gladstone
Investment's current plans that are believed to be reasonable as of
the date of this press release, a number of factors could cause
actual results and conditions to differ materially from these
forward-looking statements, including those factors described from
time to time in Gladstone Investment's filings with the Securities
and Exchange Commission. Gladstone Investment undertakes no
obligation to publicly release the result of any revisions to these
forward looking statements that may be made to reflect any future
events or otherwise, except as required by law.
CONTACT: Gladstone Investment Corporation, 703-287-5893
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