Copenhagen (Denmark) / Virum (Denmark) 03 January 2019 – Funds advised by Triton (“Triton”) has completed the acquisition of the companies commonly referred to under the brand Dantaxi 4×48. Terms of the transaction are not disclosed.

Dantaxi 4×48 was a haulier-owned Danish taxi company created through the merger between Dantaxi and 4×48 TaxiNord in January 2017. Dantaxi 4×48 is the largest taxi company in Denmark with more than 1,600 taxis and nationwide coverage.

About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around € 13.1 billion and around 85,000 employees.

The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.

For more information: www.triton-partners.com

About Dantaxi 4×48
Dantaxi 4×48 was a Danish haulier-owned taxi company created through the merger between Dantaxi and 4×48 TaxiNord in January 2017. The company is the only nationwide aggregator of taxiservices in Denmark with more than 1,600 taxis associated. In 2017, the company generated gross revenue of around DKK 1.6 billion and completed around 7 million trips.

For more information: https://dantaxi4x48.dk/

Press contacts:

Triton
Fredrik Hazén
+46 70 948 38 10

Dantaxi 4×48
Rasmus Krochin
+45 22 45 77 53

In 2018, for the second year in a row, bm|t´s investee-partners raised over 100 Mio. EUR. bm|t itself invested nearly 30 Mio. EUR in 29 companies, 16 of which were new investee-partners – a record for bm|t. In 2018, co-Investors invested over 70 Mio. EUR in 32 companies in which bm|t is invested. “2018 was again an excellent year for capital raising for bm|t´s investee-partners, and the substantial private investment is a strong validation of the attractiveness of the innovative companies we have in Thüringen,” commented Kevin Reeder, CEO of bm|t.

“We are extremely pleased with the quantity and, most importantly, the quality of the new investee-partners we were able to gain in 2018. The strength of the teams, the level of technology, and the uniqueness of the business models have all been trending positively over the last years, but 2018 was truly a breakthrough year, with compelling investments in 16 new investee-partners. Our team worked extremely hard throughout the year to close a record number of deals and lay the foundation for the next decade of strong investment results and economic activity for Thüringen,” said Mr. Reeder.

bm|t currently manages eight investment funds that span the entire spectrum of the corporate lifecycle, from seed investments for start-ups to growth equity and mezzanine funding for established companies. “In 2018, we experienced a healthy mix of early-stage, growth-stage, and late-stage investments, and it is clear that the breadth of our portfolio across stages and sectors has been a key element of our success to date,” commented Mr. Reeder. In 2018, a significant partial-exit further cemented bm|t´s strong investment performance.

In 2018, bm|t celebrated its 15^th year as an investment company focused on stimulating economic activity in Thüringen and generating positive investment returns. “The strong results of the last two years, both in terms of investment returns and invested capital, give the entire team a high degree of confidence that we are fulfilling our mission of strengthening Thüringen´s economy through targeted investments in innovative growth companies,” concluded Mr. Reeder.

MCLEAN, Va., Dec. 20, 2018 (GLOBE NEWSWIRE) — Gladstone Investment Corporation (NASDAQ: GAIN) (“Gladstone Investment”) announced today the sale of its equity interest and the prepayment of its debt investment in Cambridge Sound Management, Inc. (“Cambridge Sound”) to Biamp Systems, a leader in professional audio/video solutions and a portfolio company of Highlander Partners, L.P. As a result of this transaction, Gladstone Investment realized a significant gain on its equity investment. Gladstone Investment acquired Cambridge Sound in partnership with Boston Harbor Capital in 2014.

Cambridge Sound, headquartered in Waltham, MA, is the world’s largest supplier of sound masking solutions. Cambridge Sound designs and manufactures next generation sound masking solutions to help companies create a more comfortable, secure, and productive workplace.

“Gladstone Investment has enjoyed a strong partnership with Cambridge Sound’s management team over the last several years. We are proud to have supported the business through a period of rapid growth, both organically and through acquisition,” said Erika Highland, Managing Director of Gladstone Investment.  “Christopher Calisi, CEO, and Meghann Ellis, CFO, and the entire management team have achieved outstanding results in both growing and transforming the business and we wish them continued success.”

“With the sale of Cambridge Sound and from inception in 2005, Gladstone Investment has exited 15 of its management supported buy-outs, generating significant net realized gains on these investments,” said David Dullum, President of Gladstone Investment. “Our strategy and capability as a buyout fund and our investment approach of realizing gains on equity, while generating strong current income during the investment period provides meaningful value to shareholders.”

Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market private businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information can be found at www.gladstoneinvestment.com.

For Investor Relations inquiries related to any of the monthly distribution-paying Gladstone family of funds, please visit www.gladstone.com.

Forward-looking Statements:

The statements in this press release regarding the longer-term prospects of Gladstone Investment and Cambridge Sound and its management team, and the ability of Gladstone Investment and Cambridge Sound to be successful in the future 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 Gladstone Investment’s current beliefs 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 Investment’s filings with the Securities and Exchange Commission. Gladstone Investment undertakes no obligation to update or revise these forward looking statements whether as a result of new information, future events or otherwise, except as required by law.

SOURCE:  Gladstone Investment Corporation

For further information: Gladstone Investment Corporation, 703-287-5810

Source: Gladstone Investment Corporation