Home Capital approached by Catalyst Capital: Reuters
Canadian private equity fund Catalyst Capital Group recently proposed a strategic partnership with Home Capital Group Inc that would see it injecting new capital into the lender, Reuters reported, citing a Globe & Mail story. Citing sources familiar with the proposal, the Globe & Mail reported that Catalyst, an asset manager that focuses on distressed companies, had also put forward a proposed new management team for Home Capital with banking experience. The report said Catalyst is understood to have lined up support for the proposal from a group of institutional investors.
9 June 2017•1 min read
