Gladstone Investment Supports Add-on Acquisition for Portfolio Company Nocturne Villa Rentals, Inc.
ACCESSWIRE
30 Jul 2021, 06:43 GMT+10
MCLEAN, VA / ACCESSWIRE / July 29, 2021 / Gladstone Investment Corporation (Nasdaq:GAIN) ( Gladstone Investment ) announced today that on July 23, 2021, it made an additional secured debt investment in its portfolio company Nocturne Villa Rentals, Inc. ( Nocturne ) to acquire St. Barth Properties, Inc. and St. Barth Dream Vacations, SARL (collectively referred to as SBP ).
Nocturne partnered with members of SBP s executive management in the acquisition of SBP, representing Nocturne s second acquisition since inception after acquiring Telluride, Colorado-based Exceptional Stays, LLC ( Exceptional Stays ) in June 2021. Founded in 1989, SBP is based in Franklin, MA, with an office in St. Barth, and is one of the leading vacation rental management ( VRM ) companies on the island. SBP has a portfolio of over 250 luxury properties on St. Barth and is
Gladstone Investment Supports Add-on Acquisition for Portfolio Company Nocturne Villa Rentals, Inc
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Gladstone Investment Supports Add-on Acquisition for Portfolio Company Nocturne Villa Rentals, Inc
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Gladstone Investment Corporation: Gladstone Investment Supports Add-on Acquisition for Portfolio Company Nocturne Villa Rentals, Inc
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