Home Capital had two PE suitors but chose Buffett’s bid to secure ‘greatest acceptance’ from markets: documents

Alternative mortgage lender Home Capital Group Inc. fielded acquisition offers from two different private equity firms in June — one of which raised its bid even after the Toronto company decided to take Warren Buffett’s white-knight deal, according to a proxy circular released on Friday.

As the embattled company faced a crisis of confidence earlier this year, Home Capital liaised with 88 different parties as it explored its financial and strategic options to shore up its liquidity, it...

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