Name | Value |
---|---|
Revenues | 21.0M |
Cost of Revenue | 0.0M |
Gross Profit | 21.0M |
Operating Expense | 2.2M |
Operating I/L | 18.8M |
Other Income/Expense | -3.3M |
Interest Income | 21.0M |
Pretax | 15.5M |
Income Tax Expense | 0.0M |
Net Income/Loss | 15.5M |
Gladstone Investment Corporation is a private equity fund specializing in lower middle market acquisitions, buyouts, and refinancing existing debt. They focus on investing in small and mid-sized companies in the manufacturing, consumer products, and business services/distribution sectors in the United States. The fund makes debt investments ranging from $5 million to $30 million and equity investments from $10 million to $40 million, targeting companies with sales between $20 million and $100 million and EBITDA from $3 million to $20 million. They seek minority equity ownership, prefer holding a board seat, and typically exit investments after seven years through sale, recapitalization, or initial public offering.