Sydney-based private equity partnership Fulcrum Capital Partners has completed the management buyout of the mid market mezzanine lending and private equity (PE) investment division of HSBC Capital (Canada). Fulcrum will run more than $726.03 million in capital and offer flexible private equity, mezzanine and bridge financing to entrepreneurial units in Canada.
Fulcrum, led by Dave Mullen, Neil Johansen and John Philp, will continue to function from offices in Vancouver and Toronto. Over 18 years, HSBC Capital (Canada) has provided over $967 million in growth funding to more than 120 promising firms across industries.
Click here for the release from Marketwire.