RSS
Market and Sector Type: 
Banking & Finance

Moulton quits Alchemy

Article Date:  Sep 04 2009
Jon Moulton
Jon Moulton

Jon Moulton, the founder and CEO of Alchemy Partners, has quit the firm after disagreements with managing partner Dominic Slade.

He had previously intended to retire at his sixtieth birthday next October, but has decided to leave early given Slade’s decision to focus on investing in the financial services industry.

In a letter to investors, Moulton casts doubts on Slade's competence and states that Alchemy’s investment capacity has shrunk from £400 million ‘a few short years back’ to a likely £100 million today.

In recent years, Moulton had become increasingly critical of elements of the private equity industry, launching scathing and widely reported attacks on the leveraged buy-out sector.

He came to national prominence after a failed bid for car maker Rover in 2000.

Comments 

There are currently no comments on this article

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Selecting the right IT strategy in 2010

Owner managers and CEOs of fast-growing companies want IT-applications that accelerate competitive advantage and improve operational efficiency. This free whitepaper helps you plan and choose the right IT strategy for your business in 2010. Download ‘Selecting The Right Software Vendor’.

Get started with Barclays Business Banking

Choose from 3 great Start-up packages offering a range of business and banking solutions, from cashflow management software (QuickBooks or Sage) to VAT management solution. Plus, up to 2 years FREE banking (conditions apply). Apply online.

Secure early payment for your unpaid invoices with Simply Business

Simply Business works with a carefully selected panel of the UK's leading factoring and invoice discounting providers. Find out your cash flow options in minutes, you could have 90% of your invoices paid in 24 hours. To find out more click here

Research

  • Directors' Pay AIM 2009

    What should an AIM company pay its CEO or FD?
    What should a non-executive director or chairman expect to be paid?
    What benchmarks should AIM remuneration committee members be using when
    setting pay?

VCT Special Report 2009

This reports principle aim is to provide business owners seeking funding with information about the amount of funds that VCTs have to invest.

Cash Shells Special Report 2009

A comprehensive overview of cash shells on AIM and PLUS, companies that have become a significant feature on the market landscape.

More

Events Calendar

The Media Magnate Awards 2009

26th March, Vinopolis, London

More

More News: IPO & City News

Jeyes in £20 million refinancing

Hygiene product company Jeyes, which is part-owned by private equity firm LGV Capital, has secured an asset-based lending facility worth £20 million.

Growth companies to benefit from fundraising bonanza

As much as £300 million is expected to be raised this tax year for investment in growing businesses, according to fund managers.

Jaeggi to chair The Founders Club

A network of VC-backed entrepreneurs who agree to share profits from their exits has appointed private equity chief André Jaeggi as group chairman.

More Banking & Finance: IPO & City News

Investec loan to fund DFJ's management fees

Encore Ventures, a division of venture capital firm DFJ Esprit, has secured a loan of £8.2 million from Investec Private Bank to fund its expenses.

AIM-listed LitComp taken private

Mid-market investor Maven Capital Partners has backed the public-to-private acquisition of insurance business LitComp.

Foreign ownership of UK shares at all-time high

The rest of the world has a bigger share in the UK stockmarket than ever before, according to official statistics.

Hutton Collins refinances Windsor

Private equity firm Hutton Collins Partners has refinanced insurance broker Windsor, which was taken private by its management three years ago.

Market is stabilising, say private equity heads

Conditions for mid-market buy-out firms are stabilising after an unprecented period of trauma, according to leading figures in the industry.

Advertisement

Related articles

Growth companies to benefit from fundraising bonanza

As much as £300 million is expected to be raised this tax year for investment in growing businesses, according to fund managers.

Levett predicts good year for VCTs

Tim Levett, the chairman of NVM Private Equity, believes that venture capital trusts will raise £250 million this tax year.

AIM-listed LitComp taken private

Mid-market investor Maven Capital Partners has backed the public-to-private acquisition of insurance business LitComp.

Hutton Collins refinances Windsor

Private equity firm Hutton Collins Partners has refinanced insurance broker Windsor, which was taken private by its management three years ago.

Poll

What should Alistair Darling deliver in the Budget?




Have your vote on current issues

People who read this also read

  • Backing for Julie Meyer’s VC fund

    Ariadne Capital, the venture firm founded by Dragons’ Den investor Julie Meyer, has attracted ten entrepreneurs to invest in its maiden fund.

  • Carbon Trust expands investment readiness scheme

    The Carbon Trust is expanding its business incubation scheme to support an extra 25 cleantech companies with up to £70,000 of funding each.

  • Online dragon: Julie Meyer

    GrowthBusiness talks exclusively to Dragon's Den investor and Ariadne Capital chief executive Julie Meyer about raising girls’ aspirations and what you really need to make it big.

  • Moulton goes back to his roots

    Private equity investor Jon Moulton has spoken out about the crux of his disagreement with other executives at Alchemy Partners, the firm he founded.

  • Olympic Village software company sheds debt

    BIW Technologies, whose software is being used in the construction of London’s Olympic Village, has completed a recapitalisation.

Latest VC Deals

Latest Deal Zone deals
Company Type Date
Jeyes VC Feb 2010
PrismTech VC Feb 2010
iVision UK VC Feb 2010
Synseal Extrusions VC Feb 2010
Mi-Pay VC Feb 2010
AQS VC Feb 2010
HCT Group VC Feb 2010
FDM Group VC Feb 2010

White Papers

Better Roads

Serves the information needs of governments and construction contractors involved in Federal, State, County, City and Township highway, road and bridge construction, winter maintenance, roadside and vegetation management and other highway-related projects.

Defense Technology International

Is the one publication focusing on the critical role of defense technologies in programs, policies, programs and funding, providing readers with integrated intelligence and global perspective in Land, Sea, and Air.

FierceGovernmentIT

Is a free, three times a week email briefing for government employees and contractors on the latest government technology news.

More