ARDIAN and IFREMER sell their shares to CNP, CNES remains a significant shareholder
Paris, February 3rd, 2020 – CLS, a company that develops solutions used to study and protect our planet and manage its resources sustainably, will benefit from renewed investment.
Ardian, a world leader in private investment, and Ifremer (French Research Institute for Exploitation of the Sea), have officially announced the sale of their minority shareholding to CNP (Compagnie Nationale à Portefeuille), a Groupe Frère investment company. CNP thus acquires a majority stake in CLS, while the group’s founding institution, CNES, retains a significant minority interest.
CNES, Ardian, and Ifremer can be pleased with this outcome. With their support and the hard work of the teams at CLS, the company has pursued a robust development strategy over the last six years based on innovation, geographic expansion, five new acquisitions, and the creation of Kinéis, now Europe’s leading operator of a constellation of nanosatellites, bringing the group to 720 employees and nearly €135 million in turnover and doubling its profitability.
This European governance marks the start of a new chapter for CLS. Both CNES (now a 34% shareholder) and CNP (a 66% shareholder) are positioned for the long term and share the group’s vision and philosophy. Together, they will guide CLS in its development and help the company meet the ambitious challenges of putting the space sector to work for our planet.
The transaction was completed on January 30, 2020.
Christophe Vassal, Chief Executive, CLS : “I’d like to thank the Ardian, CNES, and Ifremer teams for their support. They have really been there for us, playing a major role in developing new expertise and supporting our international expansion. Their strategic and practical guidance has helped strengthen our leadership and broaden our portfolio of solutions. We are delighted to welcome CNP, an investor that shares our vision and corporate philosophy. CNP, together with CNES, will help us grow and take on new challenges for a sustainable planet.”
Caroline Pihan, Director, Ardian Expansion : “We are very proud to have helped space industry star CLS and its management team pursue their development strategy. What we’ve done reflects our ability to support international growth projects and—in the case of CLS—to do so alongside public players. I would like to thank CNES and Ifremer, which have done an outstanding job developing the company, and especially CNES, which will continue to support it in future projects.”
Antoine Seillan, Chief Financial Officer, CNES : “CNES is proud to have established CLS nearly 35 years ago and to have watched it become a world reference in satellite solutions for Earth observation. The partnership with Ardian and Ifremer has been tremendously successful, and I thank them for the strong ties we have forged. I welcome CNP and look forward to the next chapters in this ongoing success story. In the years to come, we will continue to support CLS, in particular in its areas of excellence such as Altimetry. Together, we will accompany the growth of Kinéis, our joint subsidiary and France’s leading operator of a constellation of nanosatellites that is the legacy and amplification of the Argos system, now equipped with unprecedented IoT capabilities.”
Xavier Le Clef, Co-CEO, Groupe Frère, CNP : “CLS’s technological expertise and the commitment of its historical shareholders have enabled the company to build solid leadership positions in the global Earth observation satellite ecosystem. Groupe Frère is particularly pleased to enter into this new partnership with CNES and the CLS management team and to support CLS over the long term in its continued growth and international efforts to protect the planet and its resources.”
Patrick Vincent, Assistant Managing Director, IFREMER : “We are proud to have helped CLS grow and use space to better understand, protect, and make sustainable use of our seas and oceans. I would like to thank CNES for joining us in creating this wonderful venture. Thanks again to CNES and to Ardian, who joined us in supporting its growth. We are leaving CLS but will reconnect with it around Kinéis. We are investing in a young company, a CLS subsidiary, that will write the future of the Argos system and in 2022 will launch the first constellation of nanosatellites dedicated to the Internet of Things. We have a promising future together, continuing to serve our planet.”
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 640 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
LIST OF PARTIES INVOLVED
CLS: Christophe Vassal, Stéphanie Limouzin, Iva Colom Toro
CNES: Antoine Seillan, Jean Aussaguel
Ifremer: Patrick Vincent
CNP: Xavier Le Clef, Benoit Robertz, Gauthier Parisis, Gil BrihayeVDD
Finance: Alvarez & Marsal: Frédéric Steiner, Benoit Bestion, Amira el Hajem
Strategy: BCG: Benjamin Entraygues, Benjamin Sarfati, Constant Morez
Legal: BGB & Associés: Alexandre Gaudin, GCA: Damien Canali
Taxation: Delaby & Dorison: Emmanuel Delaby, Florian Tumoine
Labour MGG Legal: Marijke Granier-Guillemarre, Alexandra Frelat
Technology: Accenture Strategy & Octo: Sebastien Amichi, Romain Le Guen, Sylvain Fagnent
ESG: Indefi: Emmanuel Parmentier, Joanna Tirbakh
EdR: Arnaud Petit, Gregory Fradelizi, Raphael Compagnion, Laure Klein, Mohamed Rtel Bennani, Hamza El Abboubi
Latham & Watkins: Olivier du Mottay, Elise Pozzobon, Ketzia Chetrite
Latham & Watkins (financing): Lionel Dechmann
Sekri Valentin Zerrouk: Frank Sekri
FTPA: Sylvain Clerambourg, Alice Larrouy
M&A: Messier Maris & Associés (Jean-Marie Messier, Driss Mernissi), Wil Consulting (Jacques Ittah)
Finance: KPMG (Mohamed Macaigne)
Taxation: KPMG Avocats (Sophie Fournier-Dedoyard)
IT: KPMG (Josselin du Plessis)
Legal/Labour: Willkie Farr & Gallagher (Eduardo Fernandez, David Lambert, Marie Aubard)
Strategy: Bain & Company (Bernard Birchler, Cédric Bovy, Doris Galan)
Lawyers: Willkie Farr & Gallagher (Eduardo Fernandez, David Lambert, Philippe Grudé, Paul Lombard, Faustine Viala)
Callisto Finance: Vincent Ayme, Tancrede Caulliez
Sekri Valentin Zerrouk: Frank Sekri, Céline Raynal
Commitment to bolster financial position and enhance KIFS’ ability to provide financing solutions to companies in India
NEW YORK & MUMBAI–(BUSINESS WIRE)–Jan. 14, 2020– Global investment firm KKR today announced that it has committed to invest an additional US$150 million in KKR India Financial Services (“KIFS” or the “Company”), KKR’s alternative credit business in India. The new capital will bolster KIFS’ position in India’s structured credit space and will enable the Company to continue to partner with Indian borrowers with long-term capital needs.
Joe Bae and Scott Nuttall, Co-Presidents & Co-Chief Operating Officers of KKR, said, “Today is a unique time in the Indian credit markets, with many lenders unable to invest while the demand for alternative credit solutions continues to grow. This commitment demonstrates our ongoing support of the KIFS franchise and its future prospects. Moreover, it solidifies KIFS’ financial position, allows KIFS to be proactive in a dislocated market, and reflects our confidence in KIFS and its mission to finance India’s homegrown champions.”
KIFS provides Indian businesses with financing solutions, as well as alternative asset management and capital market strategies, and is supported by a deep local presence and KKR’s international investment expertise. KIFS has deployed more than US$5 billion of Indian credit investments over the past decade across more than 150 deals. The Company seeks to be an integral part of India’s financial system and to maintain long-term relationships with banks and mutual funds in India.
Sanjay Nayar, CEO of KKR India & CEO of KIFS, commented, “Private lending in India is more important than ever. India has been an important part of KKR’s global growth strategy in Asia, and this investment reinforces KKR’s commitment to the region and provides KIFS with additional resources to enable the continued success of its business.”
KKR will fund its commitment to KIFS through the Firm’s balance sheet. The proceeds of KKR’s investment will be used for general corporate purposes. KKR is the majority stockholder of KIFS, and will continue to coordinate with KIFS’ existing investors to drive the Company’s results. KIFS currently has a CRISIL credit rating of “AA” (Stable) and is regulated by the Reserve Bank of India as a non-bank finance company.
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
About KKR India Financial Services
KKR India Financial Services (“KIFS”) is KKR’s alternative credit business in India that provides financing to companies. As of January 10, 2019, KIFS has executed over 150 deals in India worth more than US$5 billion.
Source: KKR & Co. Inc.
KKR Asia Pacific
+852 3602 7335
AdFactors (for KKR India)
George Smith Alexander
+91 98213 56867
Kristi Huller & Cara Major
+1 212 750-8300
IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that the IK Small Cap II Fund has reached an agreement to acquire a majority stake in Acture Groep (“Acture” or “the Company”) from the Company’s founders. Financial terms of the transaction are not disclosed.
Acture Groep is a unique collective of innovative businesses providing specialised outsourced services to Dutch corporates and temporary staffing agencies to manage cases of illness or disability in their workforces. The Company was founded by current CEO, Maudie Derks, and two other co-founders in 2008 with the purpose of reducing absenteeism and employer costs amidst the complex and evolving Dutch social security system.
Through an organic and inorganic diversification strategy, the leadership team have sought high quality brands to augment their offering, which now encompasses health assessments, administration and reintegration services and independent insurance advice. IK will acquire its stake in the business from the founders, with Maudie Derks remaining as CEO and reinvesting alongside the Fund.
Maudie Derks, CEO of Acture Groep, commented: “For over a decade, Acture Groep has established itself as a leader in Dutch social security services and is now the largest private social security provider in The Netherlands. As we enter a period of accelerated growth, we are delighted to partner with IK Investment Partners whose combined experience in the healthcare and tech-enabled business services sectors will be an asset to us as we grow to the next stage. We look forward to working with them as we develop our position and international offering.”
Sander van Vreumingen, Partner at IK and advisor to the IK Small Cap II Fund, commented: “Acture Groep is an impressive collection of products and brands with a track record of success in supporting Dutch employers with the complex task of managing compliance and social security legislation. We believe that the Company and its entrepreneurial leadership team is well-positioned for future growth and look forward to supporting Acture Groep as it embarks on the next phase of its strategy.”
The transaction represents the ninth investment made by the IK Small Cap II Fund.
For further questions, please contact:
IK Investment Partners
Sander van Vreumingen, Partner
Phone: +31 208 909210
David Gribnau, Gribnau Comunicatie
Phone: +31 35 533 7226
About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €10 billion of capital and invested in over 130 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com
The refinancing of the existing debt facility allows CVC Credit Partners to support Sabio in its next stage of growth
CVC Credit Partners is pleased to announce that it has provided a unitranche loan and a dedicated acquisition facility to Sabio, a leading customer experience solutions provider and managed services business, backed by Horizon Capital.
Founded in 1998 and headquartered in the UK, Sabio is a global provider of customer engagement technology and managed services, to blue chip enterprise clients. Sabio helps brands optimise contact centre operational performance and improve the customer experience, structures and strategies. The business operates from 11 offices and employs just over 500 people. Sabio Group is backed by Horizon Capital who invested in 2016 and have supported the business’s tripling in size over the past three years.
Simon Hitchcock, Managing Partner at Horizon, commented: “The refinancing in partnership with CVC Credit means that Sabio can continue its successful organic growth, underpinned by an experienced and supportive lender. Securing this significant new committed acquisition facility means we are able to accelerate the buy and build strategy and in the coming months we expect to complete a number of acquisitions from a strong pan European pipeline.”
Jonathan Gale, CEO of Sabio Group said: “With Horizon and CVC backing the business, Sabio is ideally positioned to continue our growth strategy, building a strong footprint in primary European markets and adding technology and skills to our portfolio. This is an exciting move for Sabio and enables our ongoing strategy to bring the very latest in AI powered, self-service and channel agnostic customer engagement solutions to our fantastic, growing, client base.”
Chris Fowler, Managing Director in CVC Credit Partners’ European Private Debt business, added: “Sabio is a leading technology provider, which operates in a large and growing market driven by increasing investment in digital automation and analytics. Its loyal client base yields high renewal rates and reliable recurring revenues. With Horizon’s backing, Sabio has grown strongly in recent years and we are now pleased to support the business on its next stage of development.”
Mentha Capital has acquired a majority interest in Van Vulpen, a leading and innovative contractor in the installation and adaptation of various types of networks used for the transport and distribution of water, electricity, data and gas. The transaction has been approved by the ACM (the Dutch competition authority). In collaboration with Mentha, Van Vulpen strives to continue its existing high levels of quality and achieve further growth and innovation in the installation of underground infrastructure networks.
In the past 20 years, Van Vulpen has become a leading player in the construction of underground infrastructure networks. In addition, Van Vulpen has become more and more specialized in carrying out Horizontal Directional Drilling (HDD), which allows it to lay underground pipes and cables over large distances with a minimal impact on the environment.
This year, Van Vulpen commissioned the world’s first electric drilling rig in the maxi segment. The first drillings have now been successfully completed, with substantially lower emissions and greatly reduced environmental nuisance in terms of noise as compared to conventional techniques. In 2019 Van Vulpen expects to achieve a turnover of approximately € 85 million; and including its flexible base of subcontractors and self-employed, it employs around 450 workers.
Managing Director Arjan de Nijs will continue to be actively involved with the company in the coming years, both as the person retaining ultimate responsibility and as co-shareholder.
Mentha Capital invests in established, profitable companies with clear potential for expansion through organic growth, expansion into new markets and/or acquisitions. Mentha has 15 participations, active in various end-markets.
Arjan de Nijs, Van Vulpen: “I am convinced that this step takes Van Vulpen further in the direction in which it has embarked. In the field of innovation, controlled growth, but also corporate culture, Mentha and Van Vulpen understand each other very well, which gives me confidence in this partnership going forward.”
Gijs Botman, Mentha Capital: “We are very impressed with what Van Vulpen has managed to achieve as a company in the last 20 years. Moreover, we are convinced that Mentha and Van Vulpen are closely aligned in terms of their character and DNA, and we share the ambition and enthusiasm to continue to build this magnificent company.”
For more information:
Information on Van Vulpen: https://vanvulpen.eu/ Information on Mentha Capital: www.menthacapital.com For any other questions, please contact Mark van Ingen of Mentha Capital on +31 (0) 20 636 31 40 or firstname.lastname@example.org
- EQT brings in Melker Schörling AB, a large Swedish institutional investment company, in a minority stake sale in Anticimex
- With the partnership, Anticimex diversifies the shareholder base further and adds another long-term committed anchor investor
- EQT remains controlling owner and continues to support Anticimex in becoming the global leader in preventive pest control
The EQT VI fund (“EQT VI”) today announced the decision to bring in Melker Schörling AB (“MSAB”) as an indirect minority investor in Anticimex (“Anticimex” or “the Company”), in a transaction valuing the Company at approximately EUR 3.6 billion (similar stake size as acquired by GIC in November and at the same valuation).
Founded in 1934 and headquartered in Stockholm, Sweden, Anticimex is a leading global specialist within pest control, operating in 154 branches in 18 countries across Europe, Asia-Pacific and the US. Since acquired by EQT VI in 2012, Anticimex has transformed from a Nordic services conglomerate into a global player and a market leader in digital pest control. During the ownership period, EQT has backed Anticimex’ organic growth trajectory and ambitious buy-and-build strategy, completing over 200 add-on acquisitions worldwide. EQT has also supported the launch of the Company’s digital and environmentally friendly pest control monitoring system, “Anticimex SMART”.
By bringing in MSAB as a minority investor, EQT aims to further diversify the Company’s shareholder base and add another long-term committed anchor investor and partner.
Per Franzén, Partner at EQT Partners and Investment Advisor to EQT VI, commented: “EQT is pleased to welcome MSAB as a new investor. Bringing in investors like MSAB is part of EQT’s continuous effort to diversify Anticimex’ shareholder base and strengthen the Company with value-adding partners. Anticimex continues its journey towards becoming the global leader in preventive pest control with further international expansion and investments in the next generation of digital pest control technologies.”
Jarl Dahlfors, CEO of Anticimex, added: “MSAB is a well-respected investor which further strengthens our foundation and shareholder base. We look forward to continue our growth journey with all our strong and value-added shareholders.”
During EQT’s ownership period, Anticimex has almost quadrupled its revenues and increased operating earnings by six times.
The transaction is expected to be completed during Q1 2020.
Per Franzén, Partner at EQT Partners and Investment Advisor to EQT VI, +46 8 506 55 300
EQT Press Office, +46 8 506 55 334
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 41 billion in assets under management across 20 active funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 21 billion and approximately 127,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
More info: www.eqtgroup.com
Anticimex is a leading global specialist in preventive pest control with operations in 18 countries across Europe, Asia-Pacific and the US with headquarters in Stockholm, Sweden. With its approximately 6,000 employees, Anticimex serves around 3 million customers across the globe and offers a broad range of preventive pest control solutions, including the digital solution Anticimex SMART and pest insurance.
More info: www.anticimex.com
Stockholm (Sweden), 16 December 2019 – Funds advised by Triton (Triton) have signed an agreement to sell Eleda Infra Services Group (Eleda) to a consortium made up by the group’s management team. Terms of the transaction are not disclosed.
Eleda is an infrastructure services group formed by Triton through the consolidation of the regional companies Akeab, KEWAB, Mark & Energibyggarna and Salboheds Bygg & Anläggningstjänster focusing on civil engineering, excavation and other infrastructure services. Headquartered in Stockholm, the group has around 800 employees and achieved pro forma sales of around SEK 3.0 billion at the end of September 2019.
“We would like to thank the management team, the employees and all other stakeholders for their contributions to the successful development of Eleda during Triton’s ownership. We view this as an appropriate time for management to take over as full owners and to continue developing the company further” says Peder Prahl”, Director of the General Partner to the Triton funds.
“Through the creation of Eleda, our Nordic Triton Smaller Mid-Cap (TSM) team and the company’s board have in a joint effort with management succeeded in transforming four companies leading in their respective regional geographies into a national platform with a corporate culture marked by a strong entrepreneurial spirit and coherent processes. We are happy that the management team, who have remained significant shareholders throughout TSM’s ownership, are ready to continue this successful journey.” says Andi Klein, Investment Advisory Professional and responsible for the Triton Smaller Mid-Cap Fund.
”During Triton’s ownership period, Eleda has had the opportunity to grow into one of the leading companies of our market. We today have a well-functioning platform which offers high-quality infrastructure services. With financing and acquiring the company ourselves, we now look forward to a continued growth together with our employees”, says Johan Halvardsson and Peter Condrup, representatives of the management consortium.
About Eleda Group
Eleda Group is an expansive group focusing on civil engineering, contract and other infrastructure services. The Group operates through regional companies across southern and western Sweden. These companies all have similar business models and operational focus and currently include Akeab, KEWAB, Mark & Energibyggarna and Salboheds Bygg & Anläggninstjänster. Eleda Group’s corporate culture is marked by a strong entrepreneurial spirit, and the companies work independently in complementary geographical areas with the goal of being a leading player in their respective regional markets. Eleda Group, which has its headquarters in Stockholm, has around 800 employees and sales of approximately SEK 3.0 billion in the 12 months to September 2019. Eleda Group is owned by Triton and a broad group of key individuals in the Group.
For further information: https://www.eleda.se/en
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth.
The 42 companies currently in Triton’s portfolio have combined sales of around €16,7 billion and around 80,800 employees.
The Carlyle Group Serves as Administrative Agent and Joint Lead Arranger on Senior Secured Credit Facilities to Support Abry Partners’ Acquisition of Portfolio Holding Inc.
NEW YORK – Global investment firm The Carlyle Group (NASDAQ: CG) today announced that it served as administrative agent and joint lead arranger for senior secured credit facilities to support private equity firm Abry Partners’ acquisition of Portfolio Holding Inc. Carlyle’s middle market lending platform, Carlyle Direct Lending, anchored the financing and will agent the debt facilities.
Carlyle Direct Lending is part of The Carlyle Group’s Global Credit platform. As Carlyle’s exclusive middle market lending platform, Carlyle Direct Lending is focused on making investments across the capital structure, primarily in private equity sponsor-backed companies, including senior secured loans, unitranche loans and junior debt. The team is comprised of more than 30 dedicated investment professionals in New York, Los Angeles, Chicago and Boston.
Inoki Suarez, Managing Director at The Carlyle Group, said, “We are pleased to lead this financing in support of Abry’s acquisition of Portfolio Holding. We value our long-standing relationship with Abry and appreciate their continued trust and support in our team. As a key financing partner, we look forward to continuing to support them as they seek to grow Portfolio Holding.”
With headquarters in Lake Forest, CA, Portfolio Holding Inc. is a provider of finance and insurance products and services to automotive dealers throughout the country, including vehicle service contracts, GAP insurance and ancillary products.
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $222 billion of assets under management as of September 30, 2019, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,775 people in 33 offices across six continents.
Global Credit is a global, multi-product, markets-focused investment platform with approximately $48 billion of assets under management. More than 125 investment professionals manage 63 active funds that seek to provide investors an edge in pursuing opportunities to create value across various types of credit, public equities and alternative instruments.
MCLEAN, Va., Dec. 11, 2019 — Gladstone Investment Corporation (Nasdaq: GAIN) (“Gladstone Investment”) announced today the sale of its portfolio company Nth Degree, Inc. (“Nth Degree”) to MSouth Equity Partners, an Atlanta-based private equity firm. As a result of this transaction, Gladstone Investment realized a significant capital gain on its equity investment and retained a minority equity investment in Nth Degree. Gladstone Investment acquired Nth Degree in partnership with Capitala Finance Corp. (Nasdaq: CPTA) and Nth Degree’s management team in 2015.
Nth Degree, headquartered in Duluth, GA, is a market-leading provider of exhibit management services and event services to clients across the globe.
“Gladstone Investment has enjoyed a strong partnership with Nth Degree’s management team over the last several years. We are proud to have supported the business through a period of rapid growth, both organically and through acquisition,” said Kyle Largent, Senior Managing Director of Gladstone Investment. “The entire Nth Degree management team has achieved outstanding results in growing the business and we wish them continued success.”
“With the sale of Nth Degree and from inception in 2005, Gladstone Investment has exited 20 of its management supported buy-outs, generating significant net realized gains on these investments in the aggregate,” said David Dullum, President of Gladstone Investment. “Our strategy as a buyout fund, realizing gains on equity, while also generating strong current income during the investment period from debt investments alongside our equity investments, provides meaningful value to shareholders through stock appreciation and dividend growth.”
Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market private businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information can be found at www.gladstoneinvestment.com.
For Investor Relations inquiries related to any of the monthly distribution-paying Gladstone family of funds, please visit www.gladstone.com.
The statements in this press release regarding the longer-term prospects of Gladstone Investment and Nth Degree and its management team, and the ability of Gladstone Investment and Nth Degree to be successful in the future 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 beliefs 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.
SOURCE: Gladstone Investment Corporation
For further information: Gladstone Investment Corporation, 703-287-5810