Canadian Spinout

Regulatory pressures on banks around the world is causing many of them to shed private equity investment divisions. Banking giant HSBC has already spun out a number of private equity teams, and now the spinout trend has made its way to Canada, where HSBC Capital (Canada) is in the process of becoming an independent firm called Fulcrum Capital Partners.

Privcap speaks with HSBC Capital (Canada) chief executive officer Dave Mullen about the impetus for the spinout, his firm’s deal flow dynamics, and how his firm helps Canadian middle-market businesses go to the next level and develop greater non-Canadian revenue streams.