Gladstone Investment Corporation Exits Its Investment in Nth Degree, Inc.
Gladstone Investment Corporation Exits Its Investment in Nth Degree, Inc.
MCLEAN, VA / ACCESSWIRE / September 16, 2024 / Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone Investment") announced today the sale of its portfolio company Nth Degree, Inc. ("Nth Degree") to Shamrock Capital. As a result of this transaction, Gladstone Investment realized a significant capital gain on its remaining equity position. Gladstone Investment originally acquired Nth Degree in 2015, sold a majority of its equity position in 2019, and subsequently invested additional equity and debt in 2023 to facilitate Nth Degree's acquisition of Exposition Holdings, LLC d/b/a Fern Exposition Services.
2024年9月16日，格拉德斯通投資公司（納斯達克代碼：GAIN）（"格拉德斯通投資"）宣佈將其投資組合公司Nth Degree，Inc.（"Nth Degree"）出售給Shamrock Capital。由於這項交易，格拉德斯通投資在其餘股權倉位中獲得了重要的資本收益。格拉德斯通投資於2015年收購了Nth Degree，在2019年出售了大部分股權倉位，並於2023年再次投資股權和債務，以促進Nth Degree對Exposition Holdings，LLC d/b/a Fern Exposition Services的收購。
Nth Degree, headquartered in Duluth, GA, is a market-leading provider of exhibit management services and event services to clients across the globe.
總部設在喬治亞州杜魯斯的Nth Degree是全球領先的展覽管理服務和活動服務提供商，爲全球客戶提供服務。
"Gladstone Investment has enjoyed a strong partnership with Nth Degree and its talented management team over many years. We are proud to have supported the business through a period of transformation and growth, both organically and through acquisition," said Mitchell Grant, Director of Gladstone Investment. "The entire Nth Degree management team has achieved outstanding results in growing the business and we wish them continued success."
格拉德斯通投資的董事Mitchell Grant表示："格拉德斯通投資與Nth Degree及其才華橫溢的管理團隊多年來建立了牢固的夥伴關係。我們爲在業務轉型和增長期間持續支持該企業感到自豪，無論是在有機增長還是通過收購。整個Nth Degree管理團隊在推動業務增長方面取得了卓越的成果，我們祝願他們繼續取得成功。"
"With the sale of Nth Degree and from inception in 2005, we have exited 31 of our management supported buy-outs, generating significant net realized gains on these investments," said David Dullum, President of Gladstone Investment. "Our fund strategy is to realize gains on equity, while also generating strong current income during the investment period from debt investments alongside our equity investments. This provides meaningful value to our shareholders with potential stock appreciation and dividend growth."
格拉德斯通投資的總裁David Dullum表示："自2005年成立以來，我們退出了31個由我們管理支持的企業收購，實現了這些投資的顯著淨實現收益。我們的基金策略是在股權上實現收益，同時在投資期間通過債務投資和股權投資一起產生強大的現金流。這爲我們的股東提供了有意義的價值，潛在的股票升值和股息增長。"
Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information on the transaction can be found at .
格拉德斯通投資是一家公開交易的業務發展公司，致力於在美國的中低市值企業中進行股權和擔保債務投資，以進行收購、控制權變更和再融資。可以在網站上找到有關交易的更多信息。
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit .
如需查詢任何月度派息Gladstone基金的投資者關係，請訪問。
Forward-looking Statements:
前瞻性聲明：
The statements in this press release regarding the longer-term prospects of Gladstone Investment, Nth Degree and their management teams, and the ability of Gladstone Investment and 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 update or revise these forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
本新聞稿中關於格拉德斯通投資、Nth Degree及其管理團隊的長期前景，以及格拉德斯通投資和Nth Degree擴張業務的能力均屬"前瞻性聲明"。這些前瞻性聲明在本質上涉及預測未來結果和情況的特定風險和不確定性。儘管這些聲明基於格拉德斯通投資目前的計劃，並且被認爲是合理的，但在本新聞稿日期之時，許多因素可能導致實際結果和情況與這些前瞻性聲明存在實質性差異，包括那些在格拉德斯通投資不時向證券交易委員會提交的文件中描述的因素。格拉德斯通投資無需根據法律的規定更新或修訂這些前瞻性聲明，除非有新信息、未來事件或其他情況要求。
For further information: Gladstone Investment Corporation, (703) 287-5893
進一步的信息請聯繫格拉德斯通投資公司，電話（703）287-5893
SOURCE: Gladstone Investment Corporation
來源：格拉德斯通投資公司
譯文內容由第三人軟體翻譯。