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...
21 September 2009•3 mins read
