amalcap banner
Cash Flow Financing Expertise. Lower Middle-Market Focus.

EVP Robert Love Appointed Head of Amalgamated Capital


Will Lead Amalgamated Bank's Leveraged Lending and Asset-Based Financing Units

____________________________________________________  

 

NEW YORK, NY, June 16, 2011 - Amalgamated Bank (Amalgamated) announced here today that Executive Vice President Robert Love, who heads Amalgamated Business Credit, will also direct Amalgamated Capital (AmalCap), the Bank's leveraged finance operation. As part of this realignment, Mr. Love will now report to Edward Grebow, Amalgamated Bank's President and Chief Executive Officer.


"The formation of AmalCap and Amalgamated Business Credit over the past two years was part of an ongoing plan to build a more balanced and diversified lending portfolio, and both are important to us," said Mr. Grebow. "These two groups fit well together and complement our Middle Market group and our Commercial Real Estate Finance division, giving us a full range of lending options for business clients."


New York-based AmalCap, created in September, 2009, provides cash flow-based senior secured financing to support investments made by private equity sponsors in high quality, lower middle-market companies. The Business Credit Division, originally established as a unit of the Bank's Commercial Banking Division, was formed nine months ago to provide asset-based financing to middle market companies with revenues of $50 million to $200 million. Both units operate on a national platform across the United States.


"There is significant opportunity for Amalgamated in both of these markets," Mr. Love, a veteran asset-based lending professional, commented. "We were one of the first banks to come back into New York's asset-based lending arena following the market retrenchment of the past few years, and, similarly, we have been ahead of the curve in making private equity leveraged financing available at the lower end of the middle market. Our strong strategic commitment - coupled with our ability to provide highly flexible and rapid review of proposed transactions - has served to make Amalgamated a very attractive lending partner in the eyes of the market place."


Prior to joining Amalgamated Bank in September 2010, Mr. Love served as Senior Vice President of Origination at RBS Business Capital. In addition, he has 20 years of experience in asset-based lending and has worked in every facet of the business from audit staff and underwriting to account management and origination. During the last 10 years - while at GE Commercial Finance, CIT and Royal Bank of Scotland - he was responsible for the origination of more than $2 billion in asset-based lending transactions.

Contact Us About Financing Your Next Investment

Robert Love

Executive Vice President
212-895-4440
robertlove@amalcap.com

Frank Marsicano
First Vice President
212-895-4468
frankmarsicano@amalgamatedbank.com 

Dan Moss
Senior Associate
212-895-4455
dmoss@amalcap.com

 
Sal Jeraci
Associate
212-895-4462
sjeraci@amalcap.com

 
Sean McClenaghan
Analyst
212-895-4689 smcclenaghan@amalcap.com
  

About Us

 

Amalgamated Capital (AmalCap), headquartered in New York, is the leveraged finance division of Amalgamated Bank, a privately-owned commercial bank with nearly $5 billion in assets.

 

AmalCap, launched in September 2009, is focused exclusively on partnering with private equity sponsors and providing cash flow-based senior financing for investments in the lower middle-market nationwide.


www.amalcap.com

Our Focus   

Company Criteria:

  • Minimum Revenue of $15MM
  • EBITDA of $3MM to $15MM
  • Positive Historical Cash Flow
  • EBITDA Margins Exceeding 10%
  • Defensible Market Position
  • Experienced Management Team
  • Headquartered in the U.S.
  • Private Equity Sponsored 
Financing Size & Role:
  • Senior Debt up to $50MM
  • Commitments up to $25MM
  • Target Hold up to $15MM
  • Prefer Lead or Co-Agent Role 

Products & Services: 

  • Revolvers
  • Term Loans
  • Senior-Stretch Loans
  • One-Stop Structures
  • Letters of Credit
  • Treasury Management Services 

Industry Focus: 

  • Business Services
  • Consumer
  • Defense & Aerospace
  • Distribution
  • Education
  • Food & Beverage
  • Healthcare & Life Sciences
  • Industrials
  • Software & IT Services  
 STABLE. FLEXIBLE. RESPONSIVE.