News

09/04/2024

Dickinson Williams advises on the sale of Grand Cayman Villas & Condos

Dickinson Williams & Company is pleased to announce that it served as the exclusive financial advisor to Grand Cayman Villas & Condos, LLC (“GCVC”) in its sale to Nocturne Luxury Villas, a portfolio company of Gladstone Investment Corporation (NASDAQ: GAIN).

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

Jim Leavitt said, “We are grateful to John Dickinson and his team for their guidance, negotiating expertise, and collaborative teamwork with our legal counsel.”

“It was a privilege to work with GCVC, and we wish them continued great success in partnership with Nocturne,” said John Dickinson, Managing Director at Dickinson Williams.

Hirschler Fleischer served as legal counsel to GCVC, and Blank Rome provided legal counsel to Nocturne.

 About Nocturne and Gladstone:

Nocturne Luxury Villas is the owner and operator of luxury villa rental companies in the U.S., the Caribbean, and Mexico.  Nocturne’s portfolio of iconic brands includes Exceptional Stays, WIMCO St. Barth Properties, CaboVillas.com, Exclusive 30A, and Paradise Retreats.

Gladstone Investment Corporation (NASDAQ: GAIN) 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.

About Dickinson Williams & Company:

Dickinson Williams & Company is an independent investment banking firm led by industry veterans with over 90 years of combined investment banking, financing, and operating experience.  The firm provides objective, experience-based advisory services to lower middle market companies with enterprise values up to $150 million.  The firm provides sell-side, buy-side, private placement, recapitalization, and strategic advisory services to family and closely held businesses, corporations, and private equity investors, and has a broad cross-section of transaction and industry experience in the industrials, business services, distribution, healthcare, and consumer sectors.

John C. Dickinson
Managing Director
jdickinson@dickinsonwilliams.com
804.588.3412

James A. Gilmore
Managing Director
jgilmore@dickinsonwilliams.com
804.588.3414

Harold J. Williams III
Managing Director
hwilliams@dickinsonwilliams.com
804.588.3413