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Gladstone exits Nth Degree

McLean, Va.-based Gladstone Investment Corp. exited its investment in Nth Degree Inc. through a sale to Atlanta-based private equity firm MSouth Equity Partners LLC.

Gladstone retained a minority equity investment in the Duluth, Ga.-based event services company. The seller acquired the business in 2015, in partnership with Capitala Finance Corp. and Nth Degree's management team.