MCLEAN, Va., Dec. 16, 2015 (GLOBE NEWSWIRE) -- 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.
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
Source:Gladstone Investment Corporation