HSBC Capital Canada (HSBCCC) will sell its Canadian private equity fund management and mezzanine debt operation with some $2 million in assets to Fulcrum Capital Partners (FCP), AtlAssets reports. FCP has been formed by members of the current HSBCCC management team.
The transaction is aimed at providing HSBC Bank Canada buyout equity and mezzanine debt fund management services. The deal is to be completed in the fourth quarter.
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