Alchemy calls a halt to making new acquisitions - Business - Evening Standard
       

Alchemy calls a halt to making new acquisitions

Private equity firm Alchemy, which ousted co-founder John Moulton two months ago, is reported to have stopped making new investments and effectively put its existing portfolio of companies into run-off.

It is reported to be releasing its existing cash resources to investors and concentrating on managing the investments it already holds to achieve the best sale prices.

It will make small bolt-on acquisitions to companies it owns but has no plans for further large deals.

New managing partner Dominic Slade had been expected to look at traditional fundraising during 2011 but is no longer. He was the subject of a blistering attack by Moulton when he resigned and called for the fund to be wound up.

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