The Catalyst Capital Group related stories
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Catalyst Capital closes Fund IV above targetThe Canadian distressed-for-control investor closed on $812m. Catalyst’s previous fund hit its $1bn hard-cap in 2011.
- Catalyst Fund Limited Partnership IV reaches final close
Catalyst Fund Limited Partnership IV has reached a final close with $812 million of capital commitments, significantly above the fund's target range of $500 million to $750 million. Atlantic-Pacific Capital served as the exclusive global placement agent for the fund.
Catalyst Flags Concerns about Mobilicity RestructuringCanadian private equity firm Catalyst Capital Group has expressed concern about the restructuring process recently entered into by Toronto's Mobilicity, a.k.a. Data & Audio-Visual Enterprises Wireless Inc. Catalyst, which holds Mobilicity bonds, noted that proposed plans might impair the company's ability to grow and serve customers, as well as the company's ability to be successfully sold. Catalyst said it would actively support restructuring that respected stakeholder rights and that led "to a successful and viable major mobile player."
- Homburg Acknowledges Partial Tender Offer by Catalyst
Homburg Invest, Inc., a Dartmouth, Nova Scotia-based manager, acquirer and developer of residential, commercial, retail and industrial real estate, has acknowledged a partial tender offer by private equity firm Catalyst Capital Group to holders of mortgage and other bonds. Homburg, which has been restructuring since 2007, is not in negotiations with Catalyst about the offer, nor has it been informed of its contents. Toronto's Catalyst specializes in control and influence investments in distressed and undervalued Canadian situations.