United States
Investment Focus
Gladstone Capital Corporation is a business development company specializing in lower middle market investments. The company provides a range of financing solutions, including:
- Debt Investments: Senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans.
- Equity Investments: Common stock, preferred stock, limited liability company interests, and warrants.
Investment Strategies
The company supports businesses through:
- Growth capital and add-on acquisitions.
- Change of control and buy & build strategies.
- Debt refinancing and recapitalizations.
- Private equity investments in acquisitions, buyouts, and refinancing existing debts.
Target Market
Gladstone Capital focuses on small and medium-sized companies in the United States with:
- Sales between $20 million and $150 million.
- EBITDA ranging from $3 million to $25 million.
- Investment sizes typically between $7 million and $30 million.
Industry Agnostic Approach
The company invests across diverse sectors, including:
- Business services and light/specialty manufacturing.
- Niche industrial products and services.
- Specialty consumer products and services.
- Energy services, transportation, and logistics.
- Healthcare, education services, and specialty chemicals.
- Media, communications, aerospace, and defense.
Exit Strategy
Gladstone Capital seeks to exit investments through:
- Strategic acquisitions by industry participants or financial buyers.
- Initial public offerings (IPOs) of common stock.
- Other capital market transactions.
