Mon Sep 16 15:52:27 UTC 2024: ## Gladstone Investment Sells Portfolio Company Nth Degree to Shamrock Capital
**MCLEAN, VA – September 16, 2024** – Gladstone Investment Corporation (NASDAQ:GAIN) announced today the sale of its portfolio company Nth Degree, Inc. to Shamrock Capital. This transaction resulted in a substantial capital gain for Gladstone Investment on its remaining equity position in the company.
Gladstone Investment first acquired Nth Degree in 2015 and sold a majority of its equity position in 2019. They later invested additional equity and debt in 2023 to facilitate Nth Degree’s acquisition of Exposition Holdings, LLC, also known as Fern Exposition Services.
Nth Degree, headquartered in Duluth, GA, is a leading provider of exhibit management services and event services to clients worldwide.
“Gladstone Investment has enjoyed a strong partnership with Nth Degree and its talented management team over many years,” said Mitchell Grant, Director of Gladstone Investment. “We are proud to have supported the business through a period of transformation and growth, both organically and through acquisition.”
Gladstone Investment President, David Dullum, stated, “With the sale of Nth Degree, we have now exited 31 of our management-supported buy-outs since our inception in 2005, generating significant net realized gains on these investments.” He added, “Our fund strategy focuses on realizing gains on equity while generating strong current income from debt investments. This approach provides meaningful value to our shareholders with potential stock appreciation and dividend growth.”
Gladstone Investment is a publicly traded business development company that invests in lower middle market businesses across the United States. More information about the transaction can be found on their website: http://www.gladstoneinvestment.com.
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