Name | Value |
---|---|
Revenues | 20.0M |
Cost of Revenue | 4.8M |
Gross Profit | 15.2M |
Operating Expense | -1.1M |
Operating I/L | -26.7M |
Other Income/Expense | -1.8M |
Interest Income | 17.2M |
Pretax | 4.7M |
Income Tax Expense | -11.7M |
Net Income/Loss | 16.4M |
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 between $5 million and $30 million and equity investments between $10 million and $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.