Amalgamated Capital Backs Pegasus Capital’s Carol’s Daughter

Amalgamated Capital, the New York-based leveraged finance division of Amalgamated Bank, has provided a $5 million senior secured revolving credit facility to Carol’s Daughter. Manhattan-based Carol’s Daughter develops and distributes hair and beauty products through wholesale, retail and ecommerce channels. The business is a portfolio company of Pegasus Capital Advisors.

Amalgamated Capital Names D’Souza its Business Development Officer

Amalgamated Capital has tapped Mary D’Souza to be its business development officer. She will report to Robert Love, who directs the AmalCap division. D’Souza was an MD with GE Capital in New York. PRESS RELEASE Amalgamated Capital (AmalCap), the New York-based leveraged finance and asset-based lending division of Amalgamated Bank, has appointed Mary D’Souza as […]

Amalgamated Consolidates Cash-Flow, Asset-Backed Lending

Amalgamated Bank has begun to go to market with a unified financing program for buyout sponsors that includes both cash flow lending and asset-based loans, the New York labor bank plans to announce on Tuesday. “Now I feel confident we have the underwriting and the account management capability” to serve both groups of borrowers, Robert […]

EVP Robert Love Appointed Head of Amalgamated Capital

Robert Love,  an executive vice president who heads Amalgamated Business Credit, has been appointed the head of Amalgamated Capital (AmalCap), the bank’s leveraged finance operation. Amalgamated, based in New York, is union owned. PRESS RELEASE: Amalgamated Bank (Amalgamated) announced here today that Executive Vice President Robert Love, who heads Amalgamated Business Credit, will also direct Amalgamated Capital […]

Amalgamated Capital Touts Role in CarePoint Partners’ Acquisition of ivA Lifetec

Amalgamated Capital, the New York-based leveraged finance division of Amalgamated Bank, announced today that it served as co-lead arranger and syndication agent, alongside Madison Capital, for for $27 million in senior secured credit facilities to support the refinancing of CarePoint Partners, a portfolio company of the Chicago-based private equity firm Waud Capital Partners. The money enabled CarePoint, a […]

More on Amalgamated Capital

Amalgamated Capital officially launched today, the latest in a string of new lenders cropping up to serve the middle market. It’s been in business for about three weeks, talking to sponsors and reviewing deals. Today I got a bit more color on the lender’s strategy from executive VP and director Tim Clifford.

Clifford, who left Churchill Financial in May, has looked at 25 deals in the past three weeks, with Amalgamated submitting a handful of term sheets. Target transactions would be between $5 million and $60 million of senior debt financing for companies worth less than $150 million, with between $3 million and $20 million of EBITDA.

Read the full Q&A after the jump…

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