Alchemy has agreed to sell portfolio company ICS Triplex to Rockwell European Holdings Ltd for £105m. The sale of the process control systems service company follows Alchemy's disposal of another part of the ICS business in 2005 when it sold Transmitton to Siemens. ICS Triplex generated revenues of £57m and a trading profit in excess of £6m in its last financial year.
Renewable energy service will also receive future growth funding from the GP
Relationship is set to facilitate access to Pantheon's offering for French institutional investors
Deal follows the acquisition of the company's bank debt by Idea CCR II in December 2017
Newly appointed partner Richard Goldsack previously worked at Grant Thornton and EY