Fulcrum buys out HSBC Capital's lending, equity investment ventures

By Ashley Montgomery

Kansas City, Kan., Nov. 28 - Fulcrum Capital Partners Inc. completed its management buyout of HSBC Capital Inc.'s mid-market mezzanine lending and private equity investment operations, the company said in a news release.

Fulcrum Capital will now manage more than C$750 million in capital and provide Canadian mid-sized businesses with private equity, mezzanine and bridge financing. Investments will finance management buyouts, acquisitions, leveraged buyouts, corporate growth, financial restructurings, going-private transactions, and project and property financings.

"The Fulcrum management team will maintain the close partnerships established over 18 years in the mezzanine lending and private equity space in Canada," said Fulcrum chair and managing partner Dave Mullen in the release.

"The team eagerly looks forward to the new venture and to continuing the strong partnerships we have established with HSBC and our other investors. The partners of Fulcrum are committed to maintaining the investment philosophy that has served us well these past years. With offices in both Western and Eastern Canada, we look to capture attractive opportunities and play a role in the growth and development of businesses throughout the Canadian middle market."

Since 1993, HSBC Capital has invested C$1 billion of capital in more than 120 companies with high potential for growth, the release said.

Fulcrum Capital is an investment firm based in Vancouver, B.C.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.