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Gladstone Investment Divests Equity Interest in Behrens Manufacturing, LLC

Gladstone Investment ( GAIN ), an externally managed, closed-end, non-diversified management investment company, said Wednesday that i has sold its equity interest and prepaid its debt investment in Behrens Manufacturing, LLC on Dec. 19, to private equity firm Mill City Capital, L.P.

Behrens, headquartered in Winona, MN, is a manufacturer of branded metal containers used in consumer and professional applications.

As a result of this transaction, Gladstone Investment realized an unspecified "significant capital gain" on its equity investment.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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