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Gladstone Investment Corporation Exits its Investment in Star Seed

Jan 02, 2019 - GlobeNewswire

MCLEAN, Va., Jan. 02, 2019 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (NASDAQ: GAIN) ("Gladstone Investment") announced today the sale of its equity interest and the prepayment of its debt investment in Star Seed, Inc. ("Star Seed") to Sequel Holdings, L.P on December 21, 2018. As a result of this transaction, Gladstone Investment realized a gain on its equity investment. Gladstone Investment acquired Star Seed in partnership with Broadgate Capital and ZJM Equity in 2013.