Homburg exits Catalyst agreement

Real estate and investment group Homburg Invest has terminated its support agreement with Toronto-based Catalyst Capital Group.

The agreement between Homburg and Catalyst relating to Homburg’s financial restructuring would have seen Catalyst inject new capital in Homburg on behalf of its funds.

The two companies were unable to reach agreement regarding the substance of amendments to the original plans. Homburg also notified Catalyst that certain conditions of the support agreement had not been met.