Catalyst Capital Group
{{Short description|Canadian private equity firm}}
Catalyst Capital Group was, in 2014, esteemed as the second largest private equity firm in Canada.{{Cite web|title = Irascible Newton Glassman's coming of age is all part of the plan|url = http://business.financialpost.com/news/fp-street/irascible-newton-glassmans-coming-of-age-is-all-part-of-the-plan|website = Financial Post|access-date = 2015-11-18|date = September 27, 2014|last = Tedesco|first = Theresa}} It was founded in 2002 by Newton Glassman, who was its managing partner in 2014, and Gabriel de Alba.{{Cite news |title = Newton Glassman, a private man in the stressful world of private equity |url=https://www.theglobeandmail.com/report-on-business/careers/careers-leadership/newton-glassman-a-private-man-in-the-stressful-world-of-private-equity/article15807246/?page=all|publisher=The Globe and Mail Inc |access-date = 2015-11-18}}
History
At some point before 2013, Catalyst hired Jim Riley as COO.
Glassman led the firm from the position of CEO until he stepped down in April 2018 due to medical issues.{{cite news|title=Callidus Shareholder to Take Company Private as Debt Mounts |url= https://www.bloomberg.com/news/articles/2019-08-16/callidus-shareholder-to-take-company-private-as-debt-mounts |newspaper=Bloomberg |date=16 August 2019}}{{cite news|title=Callidus Capital's Newton Glassman takes medical leave from CEO post |url=https://www.theglobeandmail.com/business/article-callidus-capitals-newton-glassman-takes-medical-leave-from-ceo-post/ |newspaper=The Globe and Mail|date=13 August 2018}}
In a January 2021 ruling by Justice Cary Boswell, unsealed documents revealed that in the summer of 2017 Catalyst contracted services with Tamara Global. Tamara Global then hired Black Cube and Psy-Group, both of whom are composed of former members of the Israeli Defence Forces and the Mossad, Israel's national intelligence agency.{{cite news |last1=Kiladze |first1=Tim |title=Catalyst offered up to $11-million to Israeli firm that launched sting on Ontario judge |url=https://www.theglobeandmail.com/business/article-catalyst-offered-up-to-11-million-to-israeli-firm-that-launched-sting/ |publisher=The Globe and Mail Inc |date=27 March 2021}} The court documents allege that Black Cube and Psy-Group took part in operations aimed at discrediting 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. In regards to Justice Frank Newbould members were quoted as saying "'Basically we're trying to prove that he's a racist, a depraved anti-Semite, and trying to find information that could paint him in as negative a light as possible'".
References
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Category:Canadian companies established in 2002
Category:Companies formerly listed on the Toronto Stock Exchange
Category:Investment management companies of Canada
Category:Hedge fund firms in Canada
Category:Financial services companies established in 2002