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Gladstone Investment Corporation

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. The fund does not invest in start-ups. The fund seeks to invest in manufacturing, consumer products and business/consumer services sector. It seeks to invest in small and mid-sized companies based in the United States. The fund prefers to make debt investments between $5 million and $30 million and equity investments between $10 million and $40 million in companies. The fund invests in companies with EBITDA from $4 million to $15 million. It seeks minority equity ownership and prefers to hold a board seat in its portfolio companies. It also prefers to take majority stake in its portfolio companies. The fund typically holds the investments for seven years and exits via sale or recapitalization, initial public offering, or sale to third party.

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Enerpac Tool Group to Acquire S.F.E Group for $472 Million

Enerpac Tool Group is acquiring Specialized Fabrication Equipment Group from Gladstone Investment Corp. for approximately $472 million in cash. The company announced the deal on July 8, stating it will expand exposure to higher-growth geographies and end markets. Roth Capital lowered its price target on Enerpac to $50 from $51 on July 9 while maintaining a Buy rating, citing the company's organic growth strategy and the strength of the soon-to-be-acquired S.F.E Group business. The firm views Enerpac as an excellent investment for those looking to benefit from growing global infrastructure project activity.

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Gladstone Investment acquires DHE Computer Systems

Gladstone Investment has acquired DHE Computer Systems, providing both debt and equity financing for the transaction. DHE is a Colorado-based full-service technology solutions provider serving government, education, and commercial customers, offering end-to-end IT products and services including hardware, software, deployment, repair, warranty support, data recovery, and managed services. CEO Dan Hammack and the existing management team will continue leading DHE following the acquisition, and founders Dan Hammack and Elena Hammack will remain significant shareholders alongside Gladstone Investment.

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