Private equity firm launches $750 million lawsuit over 2014 sale of Wind Mobile

TORONTO – Private equity firm Catalyst Capital has launched a $750 million lawsuit against the former owners of Wind Mobile, claiming breach of contract, misuse of confidential information and conspiracy.In a statement of claim filed Tuesday, May 31st with the Ontario Superior Court of Justice, Catalyst says that one of the prior owners of Wind Mobile and its bank – VimpelCom and UBS Securities Canada – breached an exclusivity contract when negotiating for the sale of Wind during the summer of 2014 with Catalyst. Further, Catalyst claims that the group which eventually purchased Wind from VimpelCom later in 2014 (Globalive...