Home Capital Being Eyed By A Private Firm

Home Capital Group has been surrounded by private equity firms as the mortgage lender continues to go through hardship and tough times. Catalyst Capital is one of the companies that has intentions and plans to have Home Capital recapitalize and this will bring about a new management board who has knowledge in banking as a news reporting site made clear.

Amongst these private equity groups are Brookfield and Onex, who are thinking of their preferences as regards to Home Capital.

In the meantime, the latest update on the lender’s liquidity and volume capacity showed a fall to $1.06 on the 9th of this month, which happens to be the lowest points since last week. There is a balance $2 billion credit facility that has not been withdrawn with backings by the top banks and declined to $350 million.