Name Newton Glassman | ||
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Similar Craig Cohon , Mark Breslin , Gary Coull | ||
Newton Glassman is the founder and managing partner of Catalyst Capital Group, the second largest private equity firm in Canada.
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Career
Glassman received an undergraduate and law degree at the University of Toronto. He then attended business school at Wharton School of the University of Pennsylvania, and graduated with an MBA in 1990. After graduating he joined Canadian Corporate Funding Ltd., then one of Canada's leading private equity firms. He later joined Cerberus Capital Management.
Catalyst Capital Group
Glassman founded Catalyst Capital Group in 2002 along with Gabriel de Alba. The firm specializes in purchasing distressed assets and corporate restructurings. Catalyst has been involved in deals involving Gateway Casinos, Canwest, and Mobilicity. By 2014, the firm was Canada's second largest private equity firm. 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. The two firms were in litigation after Boland's first West Face Capital Inc. hired an analyst from Catalyst.
Glassman developed a reputation as being publicity shy and "combative" in financial circles. He has been called a "pit bull negotiator."
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.