Chrysalis Capital Partners issued a statement regarding the recent Malden Mills Bankruptcy and potential sale to Gordon Brothers. The Private equity firm said that recent reports have stated that the sale of Malden Mills Industries Inc. to Gordon Brothers Group is near completion, pending approval from the U.S. Bankruptcy Court. However, Chrysalis Capital Partners confirms that the sale is not complete and that Chrysalis continues to be interested in purchasing the assets of Malden Mills and operating the company.
Chrysalis has submitted a similar offer to the owners of Malden Mills and is looking forward to participating in the auction.
Chrysalis Capital Partners is a Philadelphia-based private equity firm with $300 million in capital under management. Chrysalis focuses on 'special situation' investing such as divestitures, buyouts, turnarounds, financial restructurings, reorganizations, and recapitalizations in middle-market companies across a wide range of industries throughout the United States.
