Pennsylvania private equity firm, creditor combine for $31.3 million Arandell bid

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Menomonee Falls-based Arandell Corp. has secured a $31.3 million stalking horse bid in its ongoing Chapter 11 bankruptcy case. The bid comes from Arandell Acquisition Co., an entity created by Pennsylvania-based private equity firm Saothair Capital Partners and an affiliate of Washington D.C.-based private investment firm Farragut Capital Partners. Farragut Mezzanine Partners III L.P. is

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