Apollo, Blackstone among potential bidders for Home Capital: Reuters
U.S. buyout firms Apollo Global Management, Blackstone Group and Centerbridge Partners are among potential suitors studying bids for Canada's biggest alternative mortgage lender, Home Capital Group Inc, which sought emergency funding last week, sources told Reuters. Canada's Brookfield Asset Management and Fairfax Financial Holdings are among the other firms interested in buying the company, the sources said. Home Capital said last week it had hired RBC Capital Markets and BMO Capital Markets "to advise on further financing and strategic options" and after securing a high-interest $2 billion credit line. The company has a current market value of about US$378 million.
2 May 2017•3 mins read
