MCLEAN, Va., Dec. 20, 2018 (GLOBE NEWSWIRE) — Gladstone Investment Corporation (NASDAQ: GAIN) (“Gladstone Investment”) announced today the sale of its equity interest and the prepayment of its debt investment in Cambridge Sound Management, Inc. (“Cambridge Sound”) to Biamp Systems, a leader in professional audio/video solutions and a portfolio company of Highlander Partners, L.P. As a result of this transaction, Gladstone Investment realized a significant gain on its equity investment. Gladstone Investment acquired Cambridge Sound in partnership with Boston Harbor Capital in 2014.

Cambridge Sound, headquartered in Waltham, MA, is the world’s largest supplier of sound masking solutions. Cambridge Sound designs and manufactures next generation sound masking solutions to help companies create a more comfortable, secure, and productive workplace.

“Gladstone Investment has enjoyed a strong partnership with Cambridge Sound’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 Erika Highland, Managing Director of Gladstone Investment.  “Christopher Calisi, CEO, and Meghann Ellis, CFO, and the entire management team have achieved outstanding results in both growing and transforming the business and we wish them continued success.”

“With the sale of Cambridge Sound and from inception in 2005, Gladstone Investment has exited 15 of its management supported buy-outs, generating significant net realized gains on these investments,” said David Dullum, President of Gladstone Investment. “Our strategy and capability as a buyout fund and our investment approach of realizing gains on equity, while generating strong current income during the investment period provides meaningful value to shareholders.”

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.

Forward-looking Statements:

The statements in this press release regarding the longer-term prospects of Gladstone Investment and Cambridge Sound and its management team, and the ability of Gladstone Investment and Cambridge Sound 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

Source: Gladstone Investment Corporation

SAN FRANCISCO, CA. and MANDEVILLE, LA., November 30, 2018 – Thoma Bravo, a leading private equity investment firm focused on software and technology-enabled services, announced that it has agreed to acquire PEC Safety, a rapidly growing contractor management software and safety learning content provider that helps both hiring clients and contractors manage risk, safety, and compliance. The investment recognizes PEC’s strong momentum and is expected to help the company broaden its software and content offerings. As part of the agreement, the company’s management team and founders will retain a minority stake in the business.

Founded in 1993, PEC Safety is one of the largest contractor management networks in the world, enabling clients to hire and manage safe and qualified contractors through a centralized cloud-based software system. In addition, PEC provides licensed proprietary safety learning content to a network of more than 3,000 authorized instructors who conduct over 235,000 training sessions per year. PEC, with its unique combination of a contractor management software platform and proprietary training content, has distinguished itself as a rapidly growing, market leader within the energy industry. PEC currently serves over 110 operators and 15,000 contractors in its mission to bring workers home safely from high-hazard jobs through prioritizing training and contractor management.

“PEC Safety’s partnership with Thoma Bravo will enable us to deepen our core capabilities and expand into other verticals, advancing PEC’s mission to reduce risks and increase safety for workers in hazardous jobs,” said Colby Lane, CEO of PEC Safety. “PEC Safety will benefit enormously from Thoma Bravo’s expertise at implementing operating best practices and investing in new product functionality and features that will continue to scale the network.”

Contractor risk exposure is increasingly being recognized as a top concern in PEC’s core market, the energy industry, as well as other verticals such as construction, manufacturing, transportation and facilities management. PEC is positioned to capitalize on the compelling industry tailwinds by offering mission-critical software and learning solutions that help companies save time, hire confidently, and most importantly improve safety conditions for their workers.

“Thoma Bravo believes there is tremendous growth potential for the innovative risk, compliance and safety solutions developed by the talented team at PEC, led by Colby Lane,” said Hudson Smith, a Partner at Thoma Bravo. “Operators are increasingly realizing that they cannot simply outsource risk management to their contractors and instead need to put in place robust technology and learning solutions that provide assurance they are working with highly-trained, well-qualified and responsible contractors.”

Thoma Bravo has provided equity and strategic support to experienced management teams of growing companies for nearly thirty-five years. The firm has extensive expertise investing in risk, compliance, safety and supply chain management software companies, including Riskonnect, Sparta Systems, Global Healthcare Exchange and iPipeline, as well as energy-focused software companies such as Quorum Software.

PEC Safety was advised by William Blair & Company and Goodwin Procter LLP. Thoma Bravo was advised by Raymond James & Associates and Kirkland & Ellis LLP.

Toronto, November 27, 2018 – Onex Corporation (“Onex”) (TSX: ONEX) today announced it has completed the acquisition of KidsFoundation Holdings B.V. (“KidsFoundation”), the largest childcare provider in the Netherlands.
In total, the Onex Partners Group invested approximately $172 million, which includes capital from both Onex Partners IV and V. Onex’ portion of the investment was $48 million as a Limited Partner in the Funds. Onex will now begin accruing fees on Onex Partners V, with annualized private equity fees expected to increase by more than $50 million.

About Onex
Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. Onex has more than $33 billion of assets under management, including $6.9 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are collectively the largest investors across Onex’ platforms.
Onex’ businesses have assets of $52 billion, generate annual revenues of $32 billion and employ approximately 218,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

For further information:
Emilie Blouin
Director, Investor Relations
Tel: 416.362.7711

Paris, November 19th, 2018
EFESO Consulting, Eurazeo PME and Argos Wityu announce the signing of an agreement for the acquisition
of EFESO Consulting by Eurazeo PME, alongside management – Eurazeo PME will hold approximately 70%
of the capital. The transaction is expected to close in January 2019, after the release from suspensive
conditions and approval from competition authorities. Eurazeo PME’s investment will total approximately
€56M, including equity and quasi-equity instruments.

The shared ambition of Eurazeo PME and the management team is to accelerate the growth of EFESO
Consulting by reinforcing the company’s positioning as the world-leading specialist in operational
excellence consulting, particularly through accretive acquisitions and by deploying its renewed digital
offering. For the execution of this strategy, EFESO Consulting will have full access to Eurazeo PME’s
international network, which includes Eurazeo’s offices in the US, China, and Brazil; international
partnerships, most notably in Germany; and corporate functions (including for acquisition integration,
digital, Corporate and Social Responsibility).

Luca Lecchi and Bruno Machiels will become Co-CEOs of EFESO Consulting. Filippo Mantegazza, Founder
and President who has led the Group for thirty years, will continue to actively accompany EFESO Consulting
and will become a member of the supervisory board.

Merged with Solving International in 2007, EFESO Consulting is a consulting firm addressinoperational
agility and excellence, with an international, blue-chip customer base. The strong industrial expertise and
seniority of the Group’s 400 consultants, based in 17 offices globally, make EFESO Consulting a player of
reference within operational excellence consulting. Its clients include more than 50 Fortune 500 companies
within a wide range of sectors, who have longstanding customer relationships. The company has a strong
global presence: over 80% of 2017 sales outside of France and EFESO Consulting operates in 4 countries
per client on average. With 2017 revenue of €71M, EFESO Consulting has successfully integrated seven
acquisitions over the past six years, which has allowed the group to solidify its positioning most notably in
Italy, the Netherlands, Egypt, India, Belgium, and Ireland, as well as adding competencies in new
adjacencies and subsectors.

Pierre Meignen, Managing Director and Member of Eurazeo PME’s Management Board, declared: “We
are very enthusiastic about EFESO Consulting’s market positioning and the strong reputation of both the
company and its management team. The goals of the Group correspond perfectly with the ambition of
Eurazeo PME: to accelerate the development of a solid company in its international development”.
Filippo Mantegazza, Chief Executive Officer of EFESO Consulting: “We are closing an important phase of
our development in which, with the support of Argos Wityu, we have been able to build a leadership position
in operations consulting and design a new Strategy and a new Organization. Today we are delighted to
begin a new adventure with Eurazeo PME and we strongly believe that with the Eurazeo Team, and under
the guidance of Bruno and Luca, we will be able to accelerate our build-up strategy and focus on developing
our asset-based digital consulting model to strengthen our position and to conquer new territories in the
changing consulting market”.

Luca Lecchi et Bruno Machiels, co-CEO of EFESO Consulting: “Following the successful progression of the
business alongside Argos Wityu, we are pleased to embark on a new phase of development in partnership
with Eurazeo PME. We value Eurazeo’s approach and capacity to understand the challenges of our sector
and appreciate the strengths of our goals for the business. We are confident that Eurazeo is well-suited to
accompany EFESO, its associates and collaborators to accelerate our growth, taking advantage of and
reinforcing the quality and impact of EFESO’s competencies and innovative digital solutions”.
Louis Godron, President of the executive board of Argos Wityu: “We became shareholders of EFESO
Consulting alongside management in 2010, to reinforce their financial structure and accelerate growth. We
have accomplished these goals, with a 50% increase of sales over our hold. In the midst of the evolution of
the consulting industry, EFESO Consulting, led by a high-quality management team and our accompaniment
at their side, has established itself as a steadfast partner for its clients: 90% of EFESO’s principal clients
continue to work with the company each year in order to accelerate their progress. The recent classification
of EFESO Consulting as the 5th cabinet globally in operational excellence exemplifies this progress”.

About Argos Wityu
Argos Wityu is an independent private-equity group with offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan
and Paris. Since its creation in 1989, the group has invested in more than 75 mid-sized companies (Enterprise Value
ranging from €25M to €200M). Its majority ownership investments range between €10M and €100M.
With €1Bn under management, the group develops a unique investment strategy focusing on business transformation
and growth, instead of financial leverage, and on bringing solutions to complex business and shareholding situations.
For further information: http://argos.wityu.fund

About Eurazeo PME
A subsidiary of Eurazeo, Eurazeo PME is an investment company dedicated to majority investments in French SMEs
with a value of under €250 million. As a long-term professional shareholder, it provides its investments with all the
financial, human and organizational resources necessary for long-term change, and supports those companies in its
portfolio in implementing sustainable and therefore responsible growth. This commitment is formalized and deployed
through a CSR (Corporate Social Responsibility) policy.
Eurazeo PME achieved a consolidated turnover of €1.1 billion in 2017 and supports the development of the following
companies: 2RH, Dessange International, Léon de Bruxelles, Péters Surgical, Vignal Lighting Group, Redspher, the MK
Direct Group, Orolia, Smile, In’Tech Medical and Vitaprotech. These companies are solidly established within their
market and driven by experienced management teams.
EURAZEO PME CONTACT PRESSE CONTACT