MCLEAN, Va., July 13, 2015 (GLOBE NEWSWIRE) -- Gladstone Capital Corporation (NASDAQ:GLAD) ("Gladstone Capital") announces today that on July 3, 2015, it invested $7.2 million through a combination of debt and equity to support Century Park Capital Partners' acquisition of Mikawaya.
Headquartered in Vernon, California, Mikawaya is a 105-year old producer of Japanese pastries and specialty frozen desserts. The Company is the market leader in mochi ice cream and also offers five additional product lines, including traditional ice cream and gelato. The Company has long-standing relationships in the supermarket and foodservice segments and its products are currently available in approximately 1,800 locations nationwide.
"Gladstone Capital is pleased to be working with Century Park and Mikawaya's management team. We look forward to building on the success of the company and to the continued growth of the business," said Zoltan Berty, a Managing Director of Gladstone Capital.
Gladstone Capital Corporation is a publicly traded business development company that invests in debt and equity securities, consisting primarily of senior, second lien and senior subordinated term loans in small and medium sized businesses in the United States. Information on the business activities of Gladstone Capital and all the Gladstone funds can be found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
The statements in this press release regarding the longer-term prospects of Mikawaya and its management team, and the ability of Mikawaya to grow and expand are "forward-looking statements." These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on the Company's current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in Gladstone Capital's filings with the Securities and Exchange Commission. Gladstone Capital undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or
otherwise, except as required by law.
CONTACT: For further information:
Gladstone Capital Corporation, 703-287-5893
Source: Gladstone Capital Corporation
News Provided by Acquire Media