Blank Rome LLP advised Gladstone Investment Corporation on the deal.
Gladstone Investment Corporation announced the sale of its portfolio company, Frontier Packaging, Inc., to Gen Cap America. Gladstone Investment Corporation initially provided a debt and equity investment in Frontier in 2012 and during the term of its investment developed a strong relationship with Frontier’s management team to help further position Frontier, based in Tukwila, WA, as a market-leading provider of packaging materials to the fish processing industry across the Pacific Northwest and Alaska. The transaction closed on December 24, 2020 and the financial terms were not disclosed.
The Blank Rome team was led by Emanuel Faust (Picture), Nathan Brill and Andrae Nelson, with significant contributions from Joseph Gulant, Margret Hill, Jonathan Clark, Brooke Iley, Alex Perry, Mary Ann Knoeckel and Jillian Taylor.
Involved fees earner: Nathan Brill – Blank Rome LLP; Jonathan Clark – Blank Rome LLP; Emanuel Faust – Blank Rome LLP; Joseph Gulant – Blank Rome LLP; Margaret Anne Hill – Blank Rome LLP; Brooke Iley – Blank Rome LLP; Mary Ann Knoeckel – Blank Rome LLP; Andrae Nelson – Blank Rome LLP; Alexander Perry – Blank Rome LLP; Jillian Taylor – Blank Rome LLP;
Law Firms: Blank Rome LLP;
Clients: Gladstone Investment Corporation;