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Gladstone Investment Sells Investment in Cambridge Sound Management

Gladstone Investment ( GAIN ) said it sold its equity in Cambridge Sound Management to Biamp Systems for an undisclosed sum.

Gladstone also said its debt investment in Cambridge was paid off, the company said in a statement. Gladstone said it "realized a significant gain on its equity investment" in the sound masking technology company, but it did not provide specifics.

Gladstone, a debt and equity investor in lower middle market private companies, acquired Cambridge Sound with Boston Harbor Capital in 2014.

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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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