Gladstone Investment Corporation a fund managed by Gladstone Management Corporation and Xyresic Capital acquired Home Concepts Holdings, LLC.
May 21, 2023
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Gladstone Investment Corporation (NasdaqGS:GAIN) a fund managed by Gladstone Management Corporation alongside Xyresic Capital and executive management team of Home Concepts Holdings, LLC acquired Home Concepts Holdings, LLC on May 12, 2023. Gladstone Investment provided senior secured debt and the majority of the equity to complete the transaction.
Gladstone Investment Corporation (NasdaqGS:GAIN) a fund managed by Gladstone Management Corporation alongside Xyresic Capital and executive management team of Home Concepts Holdings, LLC completed the acquisition of Home Concepts Holdings, LLC on May 12, 2023. As reported, Gladstone Investment Corporation invested $15.3 million in Home Concepts, in the form of $12.0 million of secured first lien debt and $3.3 million of preferred equity.
Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Companyâs investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses, generally in combination with the aforementioned debt securities, that it believe can grow over time to permit them to sell its equity investments for capital gains. It has investments in sectors, such as diversified/conglomerate services, home and office furnishings, housewares, and durable consumer products, and others. Its investment advisor is Gladstone Management Corporation.
GLADSTONE INVESTMENT CORPORATION 
