Catalyst Capital Group: A Leader in Private Equity

Catalyst Capital Group is a leading private equity firm that has been making waves in the industry. They have a team of experienced professionals who have a proven track record of success.

Their expertise in restructuring and investing in underperforming companies has allowed them to deliver impressive returns to their investors. They have a unique approach that sets them apart from other private equity firms.

Catalyst Capital Group has a strong focus on creating value for their portfolio companies, and they have a proven ability to turn around struggling businesses. This is evident in their track record of successful exits and returns on investment.

Their commitment to innovation and strategic thinking has enabled them to navigate complex market conditions and achieve impressive results.

Catalyst Capital Group has a complex history that's worth exploring.

Jim Riley was hired as COO by Catalyst at some point before 2013.

Glassman led the firm from the CEO position until he stepped down in April 2018 due to medical issues.

Catalyst contracted services with Tamara Global in the summer of 2017, which had significant consequences.

Black Cube and Psy-Group, both composed of former Israeli Defence Forces and Mossad members, were hired by Tamara Global.

Their operations aimed to discredit West Face Capital and, indirectly, Justice Frank Newbould, who was the retired head of the Commercial List of the Ontario Superior Court of Justice at the time.

Members of Black Cube and Psy-Group were quoted as saying they were trying to prove Justice Newbould was a racist, a depraved anti-Semite, and find information to paint him in a negative light.

Glassman's departure in 2018 marked a significant turning point for the firm.

Catalyst Capital Group was founded by David Glassman and Gabriel de Alba in 2002. They specialize in purchasing distressed assets and corporate restructurings.

Their expertise in this area has led to significant returns on investments, such as the 2009 restructuring of CanWest Global Communications, where they earned a huge return.

Catalyst Capital Group was founded by Jay Glassman and Gabriel de Alba in 2002.

The firm specializes in purchasing distressed assets and corporate restructurings.

Catalyst has been involved in deals with Gateway Casinos, Canwest, and Mobilicity.

They earned a huge return on the 2009 restructuring of CanWest Global Communications.

This was a notable achievement, especially considering Stelco faced bankruptcy in 2007.

By 2014, Catalyst had become Canada's second-largest private equity firm.

Glassman was quoted in a 2014 article, saying that being decent at distressed investing requires being unaffected by conflict.

He emphasized the importance of having a strong commitment to one's values and ethics in such a highly adversarial process.

In 2020, Catalyst had a significant win in a deal with the Hudson's Bay Company.

They accumulated shares and gained a 17.5 percent stake in the company, posting an 8.8 percent return for their shareholders.

Catalyst buys Callidus, a company founded by Sam Fleiser in 2004. Catalyst acquired a controlling share in Callidus in 2007, owning almost 60% of the company.

Catalyst is a main source of funding for Callidus. This partnership has been crucial for Callidus' growth and development.

In 2011, Glassman took over Callidus with the goal of making the company public and increasing its loan books. This move marked a significant shift in Callidus' strategy.

Catalyst took Callidus public at C$14 a share in April 2014. This marked a major milestone for the company.

By 2019, Callidus had posted 10 consecutive quarters of net losses, described as a company "meltdown". This period was marked by significant financial struggles for Callidus.

In October 2019, Braslyn Ltd bought the minority shares not owned by Catalyst for 75 cents a share. This purchase was made at a price significantly lower than the initial offer price in 2014.

The Catalyst Capital Group Inc. made a significant announcement on January 3, 2020, stating that it has entered into a voting and support agreement with investment funds managed by it.

Catalyst is committed to engaging in negotiations once the flawed and undervalued Baker-led Insider Group's offer is addressed. The company is determined to provide a superior offer in value and treatment of all shareholders.

Catalyst's offer of $11 per share is a significant improvement over the Insider Group's offer of $9.45 per common share, as acknowledged by the Special Committee. This fully-funded cash offer provides a substantial premium to minority shareholders.

The Catalyst tender offer has resulted in 18,491,502 shares being tendered, representing 10.05% of HBC shares outstanding. The company will complete the cash purchase of shares within three business days.

Catalyst is offering to acquire a maximum of 19,782,393 shares at $10.11 per share, reflecting a total value of $200 million. This offer provides HBC shareholders with a significant opportunity to realize their investment value.

The Catalyst Capital Group Inc. has a history of making strategic investments, as seen in its acquisition of additional common shares of Callidus Capital Corporation in 2018.