Gladstone Investment Sells Portfolio Company Nth Degree To Shamrock Capital, Realizes Significant Capital Gain; Initially Acquired In 2015, Gladstone Sold Majority Stake In 2019 And Invested Again In 2023 To Support Nth Degree's Acquisition Of Fern Exposition Services
Portfolio Pulse from Benzinga Newsdesk
Gladstone Investment Corporation has sold its portfolio company, Nth Degree, to Shamrock Capital, realizing a significant capital gain. Gladstone initially acquired Nth Degree in 2015, sold a majority stake in 2019, and reinvested in 2023 to support Nth Degree's acquisition of Fern Exposition Services.
September 16, 2024 | 12:45 pm
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Gladstone Investment Corporation has successfully sold its portfolio company, Nth Degree, to Shamrock Capital, achieving a significant capital gain. This follows a strategic reinvestment in 2023 to support Nth Degree's acquisition of Fern Exposition Services.
The sale of Nth Degree to Shamrock Capital represents a successful exit for Gladstone Investment, likely boosting investor confidence and potentially leading to a positive short-term impact on GAIN's stock price. The reinvestment in 2023 and the realization of significant capital gains are positive indicators of the company's strategic investment capabilities.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90