Alchemy Partners

Type	Limited liability partnership
Founded	1997
Headquarters	London, United Kingdom
Key people	Jon Moulton, co-founder Dominic Slade, Managing Partner
Industry	Private Equity
Products	Investments, private equity funds
Total assets	£850 million
Website	www.alchemypartners.co.uk

Alchemy Partners is a British private equity firm, which specialises in leveraged management buyouts, management buy-ins and the provision of later stage development capital.

Alchemy was founded in 1997 by Michael Bolland and Jon Moulton.^[1] It has raised eight funds with over £850 million in investor commitments and advised on over 100 completed transactions involving £2.0 billion of equity.^[2]

Alchemy came to public notice in 1999, when it was negotiating to buy Rover Group from BMW; it advisory board members included former Rover MD Kevin Morley. After public protests, the discussions were abandoned when the government imposed additional conditions to the transaction.^[3]

Since 2006 Alchemy has also invested in distressed debt and special opportunities.

Alchemy is structured as an advisory business based in London, Alchemy Partners LLP, which advises a fund manager based in Guernsey, Alchemy Partners (Guernsey) Ltd.^[2]

Moulton picked Dominic Slade as his successor, direct from Harvard Business School. After Bolland retired in 2007, Moulton proposed to retire in October 2010, on his 60th birthday. But after disagreeing with the forward strategy defined by Salde and proposing to delay his retirement, Moulton was ousted in a partner meeting in September 2009.^[4] Slade took over as Managing Partner, defining a strategy to take the business forward as a specialist financial services firm. Resultantly in a letter directly to shareholders, Moulton resigned in September 2009, saying it is "not what it was" and that he disagreed with the plans. Moulton also apologised to investors for making "too many investment and people errors."^[5]

[edit] References

[edit] External links

• Official website

v • d • e Private equity and venture capital investment firms Investment strategy Venture · Growth · Mezzanine · Secondaries History History of private equity and venture capital · Early history of private equity · Private equity in the 1980s · Private equity in the 1990s · Private equity in the 2000s Investors Institutional Investors · Pension funds · Insurance companies · Endowments · Investment Banks · Commercial Banks · Fund of funds · High net worth individuals · Family offices · Sovereign wealth funds Private equity firms · Venture capital firms · Portfolio companies