User:FuriouslySerene/Newton Glassman

Newton Glassman is the founder and managing partner of Catalyst Capital Group, the second largest private equity firm in Canada.[1]

Career

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Glassman received an undergraduate and law degree at the University of Toronto, and then business school at Wharton School of the University of Pennsylvania, which he graduated from in 1990.[2]

Afterward he joined Canadian Corporate Funding Ltd., then one of Canada's leading private equity firms.[2] He later joined Cerberus Capital Management.[2]

Catalyst Capital Group

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Glassman founded Catalyst Capital Group in 2002 along with Gabriel de Alba.[2] The firm specializes in purchasing distressed assets and corporate restructurings.[2] Catalyst has been involved in deals involving Gateway Casinos, Canwest, and Mobilicity.[1] By 2014, the firm was Canada's second largest private equity firm.[1] In 2015, Glassman was involved in a feud with Greg Boland over a negative research report about Callidus Capital Corp, which Glassman's firm held a controlling stake in.[3] The two firms were in litigation after Boland's first West Face Capital Inc. hired an analyst from Catalyst.[3]

Glassman developed a reputation as being publicity shy and "combative" in financial circles.[1] He has been called a "pit bull negotiator."[4]

Glassman donated $2.5 million to the University of Western Ontario's faculty of law as part of a $10 million plan to fund programs on insolvency and restructuring.[5]


References

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  1. ^ a b c d Tedesco, Theresa (September 27, 2014). "Irascible Newton Glassman's coming of age is all part of the plan". Financial Post. Retrieved 2015-11-18.
  2. ^ a b c d e "Newton Glassman, a private man in the stressful world of private equity". The Globe and Mail. Retrieved 2015-11-18.
  3. ^ a b Dummett, Ben. "Feud Between Canadian Fund Managers Escalates With Call for Public Debate". Wall Street Journal. ISSN 0099-9660. Retrieved 2015-11-18.
  4. ^ "5 Big Questions for Ryan Kavanaugh's Troubled Relativity Studio". The Hollywood Reporter. Retrieved 2015-11-18.
  5. ^ "Newton Glassman sets out to reform Canadian insolvency law, one law student at a time". Financial Post. Retrieved 2015-11-18.