Catalyst Capital Group was, in 2014, esteemed as the second largest
private equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...
firm in
Canada
Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...
.
It was founded in 2002
by
Newton Glassman, who was its managing partner in 2014,
and Gabriel de Alba.
History
At some point before 2013, Catalyst hired Jim Riley as
COO.
Glassman led the firm from the position of
CEO
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization.
CEOs find roles in variou ...
until he stepped down in April 2018 due to medical issues.
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
The Israel Defense Forces (IDF; , ), alternatively referred to by the Hebrew-language acronym (), is the national military of the State of Israel. It consists of three service branches: the Israeli Ground Forces, the Israeli Air Force, and ...
and the
Mossad
The Institute for Intelligence and Special Operations (), popularly known as Mossad ( , ), is the national intelligence agency of the Israel, State of Israel. It is one of the main entities in the Israeli Intelligence Community, along with M ...
, Israel's national intelligence agency.
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
The Superior Court of Justice (French: ''Cour supérieure de justice'') is a superior court in Ontario. The Court sits in 52 locations across the province, including 17 Family Court locations, and consists of over 300 federally appointed judges. ...
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
{{reflist
Canadian companies established in 2002
Companies formerly listed on the Toronto Stock Exchange
Investment management companies of Canada
Hedge fund firms in Canada
Financial services companies established in 2002
Private equity firms of Canada
2011 mergers and acquisitions