Braslyn to buy out minority shareholders of Callidus Capital

Braslyn Ltd has agreed to acquire the minority-held common shares of Callidus Capital Corp, a Toronto-based provider of specialty lending solutions. Braslyn, an existing investor, offered to buy shares not held by it, Catalyst Capital Group and Catalyst affiliates for $0.75 per unit. Catalyst, a Canadian private equity firm and owner of a 72.2 percent interest in Callidus, has agreed to vote in favour. The transaction, which would take Callidus private, is expected to be completed in the fourth quarter. Braslyn is an affiliate of Bahamian private investment firm Tavistock Group.

DealsCanadaNorth AmericaBriefs