Gladstone Investment Invests $22.5 Million in Ginsey Holdings
Gladstone Investment Corporation (NASDAQ: GAIN) announced today that on Tuesday, July 3, 2012, it invested $22.5 million through a combination of debt and equity in Ginsey Holdings, Inc., dba Ginsey Home Solutions. Gladstone Investment, together with certain members of Ginsey's executive management team, provided the capital to support the recapitalization and change of ownership of the business. Ginsey designs and markets a broad line of branded juvenile and adult bath products.
"Gladstone Investment is excited about partnering with this talented and experienced management team. We look forward to participating in the Company's continued growth by building on the success and momentum the management team has developed during the past few years," said Dave Dullum, President 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. The Company has paid 84 consecutive monthly cash distributions on its common stock. Information on the business activities of all theGladstone funds can be found at www.gladstonecompanies.com.
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