Catalyst Capital Group was, in 2014, esteemed as the second largest private equity firm in Canada.[1] It was founded in 2002 by Newton Glassman, who was its managing partner in 2014,[1] and Gabriel de Alba.[2]
History
At some point before 2013, Catalyst hired Jim Riley as COO.[1]
Glassman led the firm from the position of CEO until he stepped down in April 2018 due to medical issues.[3][4]
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.[5] 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.[5]
References
- Theresa Tedesco. Irascible Newton Glassman's coming of age is all part of the plan Financial Post, September 27, 2014, retrieved 2015-11-18^
- Newton Glassman, a private man in the stressful world of private equity The Globe and Mail Inc, retrieved 2015-11-18^
- Callidus Shareholder to Take Company Private as Debt Mounts