Daily News: November 14, 2012

AmalCap Provides $5MM Financing to Carol’s Daughter Holdings

Amalgamated Capital (AmalCap), the New York-based leveraged finance division of Amalgamated Bank, announced that it recently provided a $5 million senior secured revolving credit facility to Carol’s Daughter Holdings, a portfolio company of Pegasus Capital Advisors.

The funds will be used for product line rebranding, leasehold improvements and working capital.

AmalCap provides asset-based financing to individual companies as well as cash flow-based senior secured financing to support investments made by private equity sponsors in high quality, lower middle-market companies.

Manhattan-based Carol’s Daughter develops and distributes hair and beauty products through wholesale, retail and ecommerce channels.

Headquartered in Cos Cob, CT., Pegasus is a private equity fund manager with approximately $2 billion in assets under management.