Gladstone Investment Corporation Exits Its Investment in Nocturne Luxury Villas
Gladstone Investment (NASDAQ:GAIN) has announced the successful sale of its portfolio company Nocturne Luxury Villas to a Calera Capital affiliate. The transaction resulted in complete debt investment repayment and significant capital gains on equity investment. Nocturne, formed in 2021 through a partnership with Aureus Capital, operates luxury vacation rental management services across prestigious locations including St. Barth's, Grand Cayman, Telluride, Santa Barbara, and Florida's Emerald Coast.
Under Gladstone's support, Nocturne completed seven acquisitions, demonstrating substantial business growth. This exit marks Gladstone Investment's 30th successful management supported buy-out exit since its 2005 inception, reinforcing its strategy as a buyout fund that combines current income from debt investments with equity investments for capital gains at exit.
Gladstone Investment (NASDAQ:GAIN) ha annunciato la vendita riuscita della sua società in portafoglio Nocturne Luxury Villas a un'affiliata di Calera Capital. La transazione ha comportato il rimborso completo degli investimenti in debito e significativi guadagni in capitale sugli investimenti azionari. Nocturne, costituita nel 2021 attraverso una partnership con Aureus Capital, gestisce servizi di affitto di lusso in località prestigiose tra cui St. Barth's, Grand Cayman, Telluride, Santa Barbara e la Emerald Coast della Florida.
Sotto il supporto di Gladstone, Nocturne ha completato sette acquisizioni, dimostrando una notevole crescita aziendale. Questa uscita segna il 30° buy-out di successo gestito da Gladstone Investment dal suo avvio nel 2005, rafforzando la sua strategia come fondo di buyout che combina reddito attuale dagli investimenti in debito con investimenti azionari per guadagni di capitale al momento dell'uscita.
Gladstone Investment (NASDAQ:GAIN) ha anunciado la exitosa venta de su empresa en cartera Nocturne Luxury Villas a una afiliada de Calera Capital. La transacción resultó en el reembolso completo de la inversión en deuda y en ganancias de capital significativas sobre la inversión en acciones. Nocturne, formada en 2021 a través de una asociación con Aureus Capital, opera servicios de gestión de alquileres vacacionales de lujo en ubicaciones prestigiosas, incluyendo St. Barth's, Grand Cayman, Telluride, Santa Barbara y la Costa Esmeralda de Florida.
Bajo el apoyo de Gladstone, Nocturne completó siete adquisiciones, demostrando un crecimiento empresarial sustancial. Esta salida marca la 30ª salida de buy-out exitosa apoyada por la gestión de Gladstone Investment desde su inicio en 2005, reforzando su estrategia como un fondo de buyout que combina ingresos actuales de inversiones en deuda con inversiones en acciones para ganancias de capital al momento de la salida.
Gladstone Investment (NASDAQ:GAIN)는 포트폴리오 회사 Nocturne Luxury Villas를 Calera Capital의 제휴사에 성공적으로 매각했다고 발표했습니다. 이번 거래는 모든 채무 투자 상환과 주식 투자에서의 상당한 자본 이익을 가져왔습니다. Nocturne는 2021년에 Aureus Capital과의 파트너십을 통해 설립되었으며, St. Barth's, Grand Cayman, Telluride, Santa Barbara, 플로리다의 에메랄드 코스트를 포함한 유명한 장소에서 고급 휴가 임대 관리 서비스를 운영하고 있습니다.
Gladstone의 지원 아래 Nocturne은 7건의 인수를 완료하여 상당한 비즈니스 성장을 보여주었습니다. 이번 매각은 2005년 설립 이후 Gladstone Investment의 30번째 성공적인 관리 지원 매각을 기록하며, 채무 투자에서의 현재 수익과 매각 시 자본 이익을 위한 주식 투자를 결합한 매수 펀드로서의 전략을 강화하고 있습니다.
Gladstone Investment (NASDAQ:GAIN) a annoncé la vente réussie de sa société de portefeuille Nocturne Luxury Villas à une filiale de Calera Capital. La transaction a abouti à un remboursement complet des investissements en dette et à des gains en capital significatifs sur les investissements en actions. Nocturne, formée en 2021 grâce à un partenariat avec Aureus Capital, gère des services de gestion de locations de vacances de luxe dans des lieux prestigieux, notamment St. Barth's, Grand Cayman, Telluride, Santa Barbara et la Côte Émeraude de Floride.
Sous le soutien de Gladstone, Nocturne a complété sept acquisitions, démontrant une croissance commerciale substantielle. Cette sortie marque le 30e rachat réussi soutenu par la gestion de Gladstone Investment depuis sa création en 2005, renforçant sa stratégie en tant que fonds de rachat qui combine des revenus actuels provenant des investissements en dette avec des investissements en actions pour des gains en capital à la sortie.
Gladstone Investment (NASDAQ:GAIN) hat den erfolgreichen Verkauf seiner Portfoliogesellschaft Nocturne Luxury Villas an eine Tochtergesellschaft von Calera Capital bekannt gegeben. Die Transaktion führte zur vollständigen Rückzahlung der Schuldeninvestitionen und zu erheblichen Kapitalgewinnen aus der Eigenkapitalinvestition. Nocturne, gegründet im Jahr 2021 in Partnerschaft mit Aureus Capital, bietet Dienstleistungen im Bereich Luxusferienvermietung an prestigeträchtigen Standorten wie St. Barth's, Grand Cayman, Telluride, Santa Barbara und der Emerald Coast in Florida an.
Unter der Unterstützung von Gladstone hat Nocturne sieben Akquisitionen abgeschlossen und dabei ein erhebliches Unternehmenswachstum demonstriert. Dieser Exit markiert den 30. erfolgreichen Management-unterstützten Buy-out von Gladstone Investment seit seiner Gründung im Jahr 2005 und stärkt seine Strategie als Buyout-Fonds, der laufende Einkünfte aus Schuldeninvestitionen mit Eigenkapitalinvestitionen für Kapitalgewinne beim Exit kombiniert.
- Full repayment of debt investment received
- Significant capital gain realized on equity investment
- Successfully completed 7 acquisitions during ownership period
- Exit adds to track record of over 30 successful buyout exits
- None.
Insights
Gladstone Investment's exit from Nocturne Luxury Villas represents a successful portfolio monetization that positively impacts the company's financial position. The transaction delivered both full debt repayment and a significant capital gain on their equity investment, validating their buyout fund strategy of generating both current income from debt investments and capital appreciation from equity positions.
This exit showcases Gladstone's operational expertise in the lower middle market buyout space, having supported Nocturne through seven separate acquisitions since forming the platform in 2021 with Aureus Capital. The relatively short holding period (approximately 4 years) suggests an efficient execution of their value creation plan and optimal timing for exit.
For shareholders, this transaction reinforces Gladstone's track record of over 30 successful exits since inception in 2005. The company explicitly connects this performance to their goal of delivering shareholder value through stock appreciation and dividend growth, suggesting the capital gain may contribute to maintaining or potentially enhancing their dividend distribution capability.
While specific transaction values weren't disclosed, the emphasis on "significant" gains indicates the exit likely exceeded internal return thresholds. As a BDC focused on the lower middle market, this successful exit demonstrates Gladstone's ability to identify promising companies, support their growth through acquisitions, and ultimately realize value—a critical competency for their business model.
MCLEAN, VA / ACCESS Newswire / March 11, 2025 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") announced today the sale of its portfolio company Nocturne Luxury Villas, Inc. ("Nocturne" or the "Company") to an affiliate of Calera Capital. As a result of this transaction, Gladstone Investment received full repayment of its debt investment and realized a significant capital gain on its equity investment. Gladstone Investment formed Nocturne in partnership with Aureus Capital, LLC ("Aureus") in 2021.
Nocturne was formed as a platform to acquire and integrate luxury vacation rental management companies. The Company currently has operations in St. Barth's; Grand Cayman; Telluride, Colorado; Cabo San Lucas, Mexico; Santa Barbara, California; and Florida's Emerald Coast.
"Gladstone Investment has enjoyed a strong partnership with Aureus and Nocturne's management team over the last several years. We are proud to have supported the business across seven separate acquisitions which saw the business transform dramatically," said Erika Highland, Senior Managing Director of Gladstone Investment. "The entire Nocturne management team has achieved outstanding results in growing the business and we wish them continued success as they further expand."
"With the sale of Nocturne and from inception in 2005, Gladstone Investment has exited over 30 of its management supported buy-outs, generating significant net realized gains on these investments," said David Dullum, President of Gladstone Investment. "Our successful exit from Nocturne further validates our strategy as a buyout fund, which relies on generating strong current income during the investment period from our debt investments alongside equity investment that allow for meaningful capital gains at exit, both of which support our ultimate goal of delivering value to shareholders through stock appreciation and dividend growth."
Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information on the transaction can be found at www.gladstoneinvestment.com.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
Forward-looking Statements:
The statements in this press release regarding the longer-term prospects of Gladstone Investment, Nocturne and its management team, and the ability of Gladstone Investment and Nocturne 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 Gladstone Investment'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 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.
For further information: Gladstone Investment Corporation, (703) 287-5893
SOURCE: Gladstone Investment Corporation
View the original press release on ACCESS Newswire
FAQ
What was the financial outcome of GAIN's exit from Nocturne Luxury Villas?
How many acquisitions did Nocturne complete under GAIN's ownership since 2021?
How many successful buyout exits has GAIN completed since 2005?
What locations does Nocturne Luxury Villas operate in after GAIN's investment period?
