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First Lien Senior Debt

Equity

 

Gladstone Investment Corporation (NASDAQ: GAIN) together with certain members of the executive management team, acquired Wincove-GIP Acquisition, Inc. (d.b.a. GI Plastek) from Wincove Capital, a private investment firm. Gladstone Investment provided equity, first lien senior debt and a revolving credit facility to complete the transaction. GI Plastek, based in Wolfeboro, NH, is a leading manufacturer of medium to large, customized and highly aesthetic plastic injection molded products utilizing structural foam, gas assist, and straight injection processes. In addition, the company offers value-added assembly and secondary finishing operations, including painting, inserting and decorating.

"We are excited to partner with GI Plastek’s extremely talented and experienced management team on the next phase of the company's growth," said Blair Gertmenian, Director of Gladstone Investment’s management company. "GI Plastek has an excellent reputation in the market as a leading manufacturer of customized injection molded products with superior customer service and support.”

For more information on GI Plastek, please visit www.giplastek.com.

 
   
 
    For more information on this transaction please contact:     
   

Blair Gertmenian
Director
(212) 792-4183

David Glazer
Senior Associate
(703) 287-5810

   
   
 
    Gladstone Investment    
   

Gladstone Investment is one of The Gladstone Companies' family of public funds, which currently have approximately $1.9 billion total assets under management. We invest in well managed lower middle market companies by providing capital for change of control transactions, growth, acquisitions, and recapitalizations. Since we are a public investment fund, we structure our investments in line with the long term needs of the business. We have no partnership end-of-life deadlines.

Financing for the Gladstone Companies is provided by four public investment vehicles: Gladstone Capital Corporation (NASDAQ: GLAD), Gladstone Investment Corporation (NASDAQ: GAIN), Gladstone Commercial Corporation (NASDAQ: GOOD), and Gladstone Land Corporation (NASDAQ: LAND).

 
   
 
 

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