Amalgamated Capital, the New York-based leveraged finance division of Amalgamated Bank, announced it recently provided a $5 million senior secured revolving credit facility to Carol's Daughter Holdings, a portfolio company of Pegasus Capital Advisors, L.P. 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 s approximately $2.0 billion in assets under management.

"With the funds to be used for product line rebranding, leasehold improvements and working capital, this was an important transaction for us," said Richard Dantas, president and CEO of Carol's Holdings. "The AmalCap team handled the due diligence tasks quickly and efficiently, and the closing went smoothly under their direction. We are very pleased that Pegasus both highly recommended AmalCap and made the introduction."

"This is a great New York company growth story - a determined woman working 18 years ago from a kitchen in Brooklyn founded a company that today has $30 million in revenues and has attracted a quality equity partner," said Robert Love, executive vice president and head of AmalCap. "We salute founder Lisa Price for what she has accomplished and congratulate her for teaming up with Pegasus, a firm we know well and which in 2007 took a substantial equity stake in Carol's Daughter. Interestingly, when Ms. Price started her company, it was with money she had saved in an Amalgamated account - we are glad to be able to welcome her back."

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 across the United States.