Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Gladstone Investment Corporation Expands its Investment in Nocturne Luxury Villas via an Acquisition of Grand Cayman Villas and Condos

MCLEAN, VA / ACCESSWIRE / August 5, 2024 / Gladstone Investment Corporation (NASDAQ: GAIN) ("Gladstone Investment") announced today that it has increased its investment of debt support of its equity position in Nocturne Luxury Villas ("Nocturne"), an existing portfolio company, through its acquisition of Grand Cayman Villas and Condos ("GCVC"), a leading villa rental management company operating in Grand Cayman. Gladstone Investment invested $18.5 million of secured first lien debt to complete the transaction.

Founded in 2006 by Cayman property owner Jim Leavitt, GCVC manages and markets for rent more than 180 exclusive properties and condos in Grand Cayman. GCVC's villas and condos stretch from 7 Mile Beach to Rum Point, including the resort community of Cayman Kai. GCVC homes range from 11-bedroom private luxury villas to intimate one-bedroom condos and cottages, all professionally designed and serviced and offering guests a full range of amenities.

"We are thrilled to welcome Grand Cayman Villas and Condos to our portfolio of luxury villas and residences. This acquisition marks a significant milestone in our mission to diversify Nocturne's destination experiences. The premier locations in Grand Cayman enhance and elevate our offerings for discerning travelers, particularly in the sought-after stretch of prime coastline along 7 Mile Beach," said Scott Wiseman, CEO of Nocturne Luxury Villas.

"We are pleased to provide continuing support for the seventh acquisition of the Nocturne Luxury Villas platform," said Erika Highland, Senior Managing Director of Gladstone Investment. "This investment in GCVC complements Nocturne Luxury Villas' portfolio of iconic brands, including Exceptional Stays, WIMCO St. Barth Properties, CaboVillas.com, Exclusive 30A, and Paradise Retreats, bringing the aggregate of our total debt and equity investments at cost in Nocturne to $88.2 million."

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 Nocturne and its management team, and the ability of Gladstone Investment and Nocturne 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.

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

SOURCE: Gladstone Investment Corporation



View the original press release on accesswire.com

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.