Callidus Capital taps Goldman Sachs to advise on privatization
Canadian specialty lender Callidus Capital Corp (TSX: CBL) has selected Goldman, Sachs & Co as financial advisor to lead the company's privatization process. Toronto-based Callidus, which announced earlier this month it planned to solicit privatization proposals, said the process is now underway. It is expected to be completed by the second quarter of next year. Catalyst Capital Group, the company's majority owner, said it is not planning to sell its interest or bid for additional shares. Callidus also announced an increase in its substantial issuer bid and the expected close of its securitization program.
31 October 2016•5 mins read
