Propel Morning Briefing Mast Head CPL Learning Link Paul's Twitter Link Hobgoblin Banner
Morning Briefing Strap Line
Tue 9th Jan 2018 - The Alchemist secures £16m investment
The Alchemist secures £16m investment: The Alchemist, which is backed by Palatine Private Equity, has secured an additional £16m finance package from existing debt-funders Santander to support its growth plans. The funds will be invested in continued innovation of the brand, rejuvenating sites and acquiring new ones. The Alchemist recently opened a purpose-built venue at MediaCityUK and a new regional site in Oxford, while it has since confirmed openings in Nottingham, Bristol and Cardiff for the year ahead. Established in 2010, The Alchemist has 12 venues across the UK and employs more than 700 staff. The Alchemist finance director Victoria Stewart said: “We’re thrilled to have received further funding from Santander – particularly in the current climate. While the sector certainly remains tough and competitive, we’re confident in our offering, our people and our vision. The phenomenal growth of the business in a short space of time has been made possible by the dedication, passion and talent of The Alchemist people, and I have no doubt they will deliver on our vision to grow the brand further across the UK and beyond.” Chris Thomas, of Santander, added: “The Alchemist has shown itself to be a great concept that benefits from a strong management team and experienced, supportive investors. Following on from our previous Growth Capital support, Santander is delighted to continue working with the company in its next phase of growth.” Palatine investment director Kieran Lawton added: “The Alchemist continues to be one of the leading performers in its sector and this additional financial support from Santander will allow the team to further develop the brand and concept.” Legal support to The Alchemist was provided by Pinsent Masons, while Addleshaw Goddard acted for Santander. Palatine Private Equity supported a buyout of The Alchemist from Living Ventures in 2015.


Return to Archive Click Here to Return to the Archive Listing
 
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Premium
 
Jameson Banner
 
Fentimans Banner
 
me&u Banner
 
Trail Banner
 
Transition Banner
 
Knorr Banner
 
Propel Banner
 
Jacuna Banner
 
Molson Coors Banner
 
Amstel Banner
 
Zonal Banner
 
Toggle Banner
 
Bizimply Banner
 
Zonal Banner
 
Heineken Banner
 
Taylors of Harrogate Banner
 
Sky Banner
 
Hello Beer Banner
 
John Gaunt Banner
 
COREcruitment Banner
 
KAM Media Banner
 
Access Banner
 
Startle Banner
 
Reputation Banner
 
Veneers Banner
 
Just Eat Banner
 
Yapster Banner
 
Punch Taverns Link Punch Taverns Link
Pepper Banner