August 21, 2017 4:26 AM ET

Capital Markets

Company Overview of Alchemy Partners LLP

Company Overview

Alchemy Partners LLP is a private equity and distressed/vulture firm specializing in investing in distressed debt, distressed and undervalued or underperforming businesses and other special situations, turnaround, growth capital and buyouts. It seeks to make investments through debt, restructuring and providing equity for buyouts. The firm seeks to invest in most business sectors including energy, materials, industrials, consumer discretionary, consumer staples, healthcare, financials, telecommunication services, and utilities, with a focus on the IT sector. It also invests in financial services and business services sectors. It prefers to invest in companies based in Europe with a focus on ...

21 Palmer Street

London,  SW1H 0AD

United Kingdom

Founded in 1997

Phone:

44 20 7240 9596

Fax:

44 20 7240 9594

Key Executives for Alchemy Partners LLP

Founder and Chairman
Age: 60
Chief Financial Officer, Chief Operating Officer, Compliance Officer, and Partner
Managing Partner
Age: 46
Investor Relations Manager
Special Adviser, Senior Advisor, and Group Head of Corporate Development
Compensation as of Fiscal Year 2017.

Alchemy Partners LLP Key Developments

Bidvest Reportedly In The Lead To Acquire Noonan

The Bidvest Group Limited (JSE:BVT) is reportedly leading the race to acquire Noonan Services Limited. London-based private equity firm Alchemy Partners LLP, which took control of Noonan Services in 2008 in a €90 million deal, put the company back on the market earlier this year and is seeking between €170 million and €190 million for the business.

Investors Reportedly Seeks To Acquire Noonan

Noonan Services Limited has attracted bids from Bidvestco Limited and H.I.G. Capital, LLC as the facilities management and contract cleaning group’s owners of less than a decade eye a deal worth up to €190 million. Sources said that Bidvestco and H.I.G. Capital are among three final bidders for Noonan, whose clients span from AIB to hospitals and sports stadiums. The deal may be worth between €170 million and €190 million. Alchemy Partners LLP hired Baird Capital last year to advise on a potential transaction. Spokesmen for Noonan, Alchemy and Bidvest declined to comment. Representatives for HIG Capital didn’t respond to a request for comment.

Bidders Reportedly Shortlisted For Parkdean Resorts

Bidders have been shortlisted in a potential sale of Parkdean Resorts Limited, banking sources said. Epiris and Alchemy Partners LLP own Parkdean which was put up for sale earlier this year, with Rothschild hired to manage the sale process. It has a price tag of £1.4 billion-£1.5 billion. Private equity firm Advent, Centerbridge Partners, L.P. and Onex Corporation are through to the second round of bidding in an auction process, the sources said. Banks are lining up around £850 million of leveraged loans to back a buyout, including up to £750 million of senior term loans and second-lien loans. Loans of this level equate to around 6.25 times Parkdean's approximate £120 million Ebitda, the sources said.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 31, 2017
Noonan Services Limited
Merger/Acquisition
July 7, 2017
Sigla S.r.l. and Si Collection S.p.A.
Merger/Acquisition
December 16, 2016
Parkdean Resorts Limited
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