Hamacher Resource Group names director of marketing
Camber recognizes Target’s commitment to partnership
Clayton Smith Sales Representative of Camber Pharmaceuticals (left), Rick Joslin, Buyer, Pharmacy and Julie Vanhove Director, Drug Acquisition and Distribution of Target
PISCATAWAY, N.J. — Camber Pharmaceuticals, a generic drugs supplier, presented Target with its "Outstanding Partnership" award for 2014. Camber sales representative Clayton Smith presented Rick Joslin, buyer for pharmacy and Julie Vanhove, director of drug acquisition and distribution with the award based on sales growth and the spirit of teamwork between the two organizations.
Pacific World receives $215M in financing from Prospect Capital
NEW YORK — Prospect Capital Corp. announced that it recently provided $215 million of first lien senior secured credit facilities to support the recapitalization of beauty company Pacific World.
Pacific World, which is a portfolio company of Levine Leichtman Capital Partners, manufacturers nail and beauty care products for the food, drug, mass, and value retail channels worldwide. It markets more than 5,000 products in more than 86,000 retail locations worldwide with such brands as Nailene, Trim, SensatioNail, Fuse, Fing'rs and Woodward's Myocide. Pacific World also acts as the exclusive sales and marketing distributor of Bio-Oil in the United States, and holds a licensing agreement to market Revlon-branded artificial nails and false eyelashes.
"We are excited to provide a one-stop financing solution to Pacific World," said Richard Carratu, a managing director of Prospect Capital Management LLC. "We welcome the opportunity to support LLCP and the Pacific World management team as they continue to grow the business."
The $215 million financing provided by Prospect marks the 11th time in the last two years that Prospect has invested more than $100 million in a single transaction.
Currently with more than $7 billion of capital under management, Prospect has closed more than $2 billion of new originations so far in calendar year 2014.