Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case 
Kia Cuts EV Prices in Europe as Chinese Carmakers Intensify Competition 
U.S. Demand for Alternative Satellite Providers Remains Strong Amid SpaceX Regulatory Push 
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth 
Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results 
U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases 
DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips 
U.S. Budget Airlines Seek $2.5 Billion Government Aid Amid Rising Jet Fuel Costs 
Brazil Blocks Prediction Market Platforms, Tightens Derivatives Trading Rules 
Google Secures Pentagon AI Deal for Classified Projects 
Strait of Hormuz Shipping Crisis Deepens as Traffic Plunges Amid Iran-U.S. Tensions 
SMC Corp Stock Surges as Palliser Capital Pushes for Major Share Buyback 
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S. 
Brazil Pension Fund Crackdown After Banco Master Collapse Raises Investment Concerns 
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals 
Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal 
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds 
MCLEAN, Va., April 13, 2017 -- Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") announced today the closing of the sale of its equity interest and the prepayment of its debt investment in Mitchell Rubber Products, Inc. ("Mitchell") on April 7, 2017, to a strategic buyer, HEXPOL Holding Inc. As a result of this transaction, Gladstone Investment realized a capital gain on its equity investment and generated success fee income from its debt investment.
Mitchell, headquartered in City of Industry, CA, is a leading rubber compounder servicing a diverse, growing array of end markets.
"Since its inception, Gladstone Investment has exited eleven of its management supported buyouts and realized significant capital gains on the equity portion of these investments. The realization of these capital gains continue to validate Gladstone Investment's strategy and capability as a buyout fund through our investment approach of realizing gains on equity, while generating strong current income for monthly distributions to shareholders over the investment period," said David Dullum, president of Gladstone Investment.
"Gladstone Investment has appreciated the partnership with the Mitchell management team over the life of our investment. Mitchell has developed a meaningful footprint in the U.S. with a marquee list of customers. We wish the team a successful and bright future under the new ownership," said Chris Daniel (Managing Director, Private Equity, of Gladstone Investment's investment adviser).
Mitchell was represented by BellMark Partners, LLC.
SOURCE: Gladstone Investment Corporation
For further information: Gladstone Investment Corporation, 703-287-5893
