Episode 1594
Alchemy Partners
Tue, 2021-Sep-14 00:02 UTC
Length - 2:44
Direct Link
Welcome to random Wiki of the Day where we read the summary of a random Wikipedia page every day.
The random article for Tuesday, 14 September 2021 is Alchemy Partners.
Alchemy Partners is a British private equity firm, which specialises in investing in distressed and undervalued or underperforming businesses and other special situations through debt and equity throughout Europe. Alchemy was founded in 1997 by Martin Bolland and Jon Moulton. Before launching dedicated distressed vehicles, it invested over £1bn of equity in over 80 transactions. Notable transactions included Four Seasons Health Care, Alcentra and Phoenix IT.
Alchemy came to public notice in 1999, when it was negotiating to buy Rover Group from BMW; its 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. Alchemy launched its first distressed debt fund, Alchemy Special Opportunities, in 2006 with a final close of £300m.
Moulton resigned from Alchemy in September 2009, saying that he disagreed with plans by other partners to turn Alchemy into a specialist financial services firm. Alchemy raised £500m for the second distressed debt fund in 2010 and £600m for Alchemy Special Opportunities Fund III in March 2014. A fourth fund was announced in August 2017. The Funds invest in the debt and equity of public and private companies in the UK and continental Europe. Funding is provided by a large number of blue-chip investors including major banks, pension funds, fund-of-funds, university endowments and high-net-worth individuals. Today the firm manages over £1.5bn. 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.
This recording reflects the Wikipedia text as of 00:02 UTC on Tuesday, 14 September 2021.
For the full current version of the article, see Alchemy Partners on Wikipedia.
This podcast is produced by Abulsme Productions based on Wikipedia content and is released under a Creative Commons Attribution-ShareAlike License.
Visit wikioftheday.com for our archives, sister podcasts, and swag. Please subscribe to never miss an episode. You can also follow @WotDpod on Twitter.
Abulsme Productions produces the current events podcast Curmudgeon's Corner as well. Check it out in your podcast player of choice.
This has been Amy Standard. Thank you for listening to random Wiki of the Day.
|
|
Buy WotD Stuff!!
