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Report: Catalyst Capital proposed 'strategic partnership' with Home Capital

Catalyst Capital Group recently proposed to inject new capital into Home Capital Group Inc. through a "strategic partnership," Canada's The Globe and Mail reported, citing "sources familiar with the offer."

Catalyst Capital, a Toronto-based asset manager, also proposed a new management team for Home Capital, according to a Reuters report that also cited The Globe and Mail news story. Catalyst Capital and Home Capital did not comment on the matter.

Home Capital is looking for a permanent CEO and CFO.

On June 9, Home Capital reported that aggregate available liquidity and credit capacity stood at about C$1.06 billion (from the roughly C$1.10 billion reported June 8), including the undrawn amount of C$350 million under its C$2.0 billion credit facility.