• Indianapolis — (BUSINESS WIRE) — E&A Industries, a privately held company headquartered in
    Indianapolis, today announced the sale of Gilchrist & Soames to San Francisco based private equity
    group Swander Pace Capital for an undisclosed amount. Allied Capital Corp (NYSE: ALD) provided
    $51 million in senior debt to support the Swander Pace buyout.
    E&A Industries acquired Gilchrist & Soames in 1998 as a small regional company selling primarily to
    New England area upscale inns and B&B’s. Gilchrist & Soames now is a leading global purveyor of
    cosmetic-grade toiletry collections for world-class hotels and exclusive resorts with operations and
    personnel in North America, United Kingdom, Europe, the Middle East, and Australia. Specializing in
    servicing the luxury market, Gilchrist & Soames’ products are in discerning properties throughout the
    world such as Mandarin Oriental Hotels, The Peninsula Hotels, and a majority of the Las Vegas strip
    Founded in 1977, E&A Industries is an acquirer of first generation companies and seeks long-term
    capital appreciation through disciplined management and focused sales and marketing.
    Founded in 1996, Swander Pace Capital is focused on private equity investments in middle market
    consumer products companies across a wide range of consumer sectors. SPC manages more than $600
    million in equity capital and has invested in more than 25 companies with aggregate revenues in excess
    of $2 billion.
    Allied Capital Corporation is a leading business development company (BDC) in the U.S. that invests
    in private debt and equity capital in middle market businesses nationwide. Founded in 1958 and
    operating as a public company since 1960, Allied Capital has paid consistent or increasing regular,
    quarterly cash dividends to shareholders since 1963.

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