Calgary-based Chrysalis Capital Advisors has launched Chrysalis Acquisition Fund I. Managed by Chrysalis Acquisition Partners, the fund plans to deploy more than $100 million over the next three years to majority acquisitions of businesses seeking liquidity and ownership transitions. Chrysalis said it sees an opportunity for investing in multiple Canadian companies undergoing ownership changes, especially those in the $10 million to $50 million enterprise value range. The fund will pay particular attention to deal flow in Western Canada.
Chrysalis Launches Buyout Fund
CALGARY, AB –(Marketwired – September 10, 2015) – Chrysalis Capital Advisors Inc. is pleased to announce the official launch of the Chrysalis Acquisition Fund I. The fund will acquire majority ownership positions in fundamentally strong small-to-medium-sized enterprises (“SMEs”) and play a pivotal role in facilitating ownership transition for founders, major shareholders and management teams.
A talented team of individuals assembled as Chrysalis Acquisition Partners Inc. will identify, review and consummate the acquisition of SMEs headquartered in Western Canada that satisfy a rigorous set of criteria. In addition, Chrysalis Acquisition Partners Inc. will align with incumbent management and unlock latent value of each investment through operational enhancement, organic expansion and follow-on acquisitions.
The Chrysalis Acquisition Fund I intends to deploy more than $100 million of capital over the next three years and serve as a solution for owners of the $3.7 trillion of SMEs anticipated to seek liquidity and ownership transition in Canada over the next decade. “We realized there was very little capital focused on facilitating ownership transition in Western Canada, particularly for businesses in the $10-million to $50-million enterprise value range,” said Glenn Huber, President of Chrysalis Acquisition Partners Inc., adding that there are 400,000 such businesses in Western Canada alone. “The lineup of baby boomers that are facing this issue is growing by the day,” he added.
The Chrysalis Acquisition Fund I will not acquire oil and gas exploration, mining, real estate or early stage companies. However, Chrysalis Acquisition Partners Inc. will give full consideration to acquiring a diverse mix of Western Canadian-based businesses with a proven track record of profitability, meaningful market share and strong management.
Upon acquisition, Chrysalis intends to increase shareholder value by partnering with management teams at the strategic level without interrupting day-to-day operations. Chrysalis is also looking to target companies where improvements in technology, corporate governance or business plan execution would result in significant and immediate growth.
For further information about the Chrysalis Acquisition Fund I or to refer an attractive Western Canadian-based business, please contact David S. Waslen, Managing Partner at (403) 536-2783 or visit www.ChrysalisCapital.ca.
FOR FURTHER INFORMATION PLEASE CONTACT:
Chrysalis Capital Advisors Inc.
David S. Waslen
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