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Gladstone Investment Corporation (NASDAQ: GAIN) acquired the assets of O.W.A., Inc. (d/b/a Old World Christmas). Gladstone Investment, together with certain members of the executive management team of Old World Christmas, provided preferred and common equity, senior debt and a revolving credit facility to complete the transaction. Gladstone Investment is partnering with new CEO and industry executive Doug Lauer on the transaction.

Old World Christmas, founded in 1979 and headquartered in Spokane, WA, is a designer and distributor of an extensive collection of blown glass Christmas ornaments, table top figurines, vintage-style light covers and nostalgic greeting cards into the independent gift channel.

 
   

"Gladstone Investment is excited about the opportunity to work with Doug and the rest of this experienced management team. Old World Christmas has an outstanding reputation and thousands of loyal customers in the independent gift channel, and we look forward to supporting the team as they continue to build on that foundation," said Kyle Largent, Managing Director of Gladstone Investment.

For more information on Old World Christmas, please visit www.oldworldchristmas.com.

 
         
   
 
    For more information on this transaction please contact:     
   

Kyle Largent
Managing Director
(703) 287-5880

David Glazer
Associate
(703) 287-5810

   
   
 
    THE GLADSTONE COMPANIES    
   

Leaders in private equity, debt and real estate ownership and financing, the Gladstone Companies are a family of public and private investment funds. Our funds as applicable, invest in commercial real estate, farmland, and small and medium-sized companies and provide financing to such businesses across the capital structure, from second lien and mezzanine debt, to equity and real estate financing solutions.

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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