Gladstone Investment Corporation Invests $22.5 Million in Ginsey Holdings, Inc.
MCLEAN, Va., July 5, 2012 /PRNewswire/ -- Gladstone Investment Corporation (GAIN) ("Gladstone Investment") 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 ("Ginsey" or the "Company"). 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 the Gladstone funds 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 equity return potential resulting from continued growth of the Company, by building on the success and momentum the management team has developed during the past couple years and other such statements are "forward-looking statements." These forward-looking statements inherently involve certain risks and uncertainties, although they are based on Gladstone Investment's current plans that are believed to be reasonable as of the date of this press release. Factors that may cause Gladstone Investment's actual results to differ from these forward-looking statements include, among others, the duration and effects of current economic instability, its ability to access debt and equity capital and those factors listed under the caption "Risk Factors" of its registration statement on Form N-2 (file No. 333-181879), filed with the SEC on June 4, 2012 (the "Form N-2"), and its Annual Report on Form 10-K for the year ended March 31, 2012, filed with the SEC on May 21, 2012 (the "Form 10-K"). The risk factors set forth in the Form N-2 and Form 10-K under the caption "Risk Factors" are specifically incorporated by reference into this press release. Gladstone Investment undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Gladstone Investment Corporation