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.