Triangle backs personal care company

 The North Carolina firm has issued a $35 million worth of unitranche debt to Gilchrist & Soames.   

Triangle Capital Corporation, the Raleigh, North Carolina-based lender and business development company, has closed on a $35 million unitranche debt investment in Gilchrist & Soames, Triangle announced yesterday (24 November). London-based G&S designs, manufactures and supplies personal care products, such as soaps, shampoos and shower gels, to luxury hotels.

Triangle Capital Corporation invests capital in established companies in the lower mid-market to fund growth, changes of control and other corporate events. Triangle offers a wide variety of investment structures with a primary focus on mezzanine financing with equity components. The firm typically invests $5 million to $35 million per transaction in companies with annual revenues of $20 million to $200 million and EBITDA of $5 million to $35 million.