Gladstone Investment Corporation Acquires Nth Degree, Inc. in Partnership With Capitala Finance Corporation
December 16 2015 - 4:15PM
Gladstone Investment Corporation (NASDAQ:GAIN) (“Gladstone
Investment”) announced today that on December 14, 2015, Gladstone
Investment partnered with Capitala Finance Corporation (“Capitala”)
and members of executive management in the buyout of Nth Degree,
Inc. (“Nth Degree”). Gladstone Investment provided equity and
senior secured debt to complete the transaction.
Headquartered outside of Atlanta, GA, Nth Degree is a multifaceted
face-to-face event marketing and management services organization
that works with Fortune 1000 companies on the world’s largest
stages. Nth Degree’s service lines include exhibit installation and
dismantle services, trade show exhibit management, and event
management services.
“The management team at Nth Degree has been together for over
fifteen years with an outstanding track record during that time.
They will remain significant shareholders in the company and we
look forward to working with them to continue to build on Nth
Degree’s success to date,” said Kyle Largent, Managing Director of
Gladstone Investment.
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 Nth Degree and its management team, and the ability of
Nth Degree 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.
For further information: Gladstone Investment Corporation, 703-287-5893
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