Name | Value |
---|---|
Revenues | 9.0M |
Cost of Revenue | 10.3M |
Gross Profit | -1.3M |
Operating Expense | -31.0M |
Operating I/L | 29.7M |
Other Income/Expense | 10.1M |
Interest Income | 21.4M |
Pretax | 22.6M |
Income Tax Expense | 12.4M |
Net Income/Loss | 22.6M |
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.