M&A Deal Summary

Alchemy Partners and Indigo Capital Acquire Swift Advances

On January 1, 2004, growth capital firm Alchemy Partners and mezzanine finance firm Indigo Capital acquired financial services company Swift Advances

Acquisition Highlights
  • This is Alchemy Partners’ 1st and Indigo Capital’s 2nd transaction in the Financial Services sector.
  • This is Alchemy Partners’ 5th and Indigo Capital’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2004-01-01
Target Swift Advances
Sector Financial Services
Buyer(s) Alchemy Partners
Indigo Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Swift Advances

Essex, United Kingdom
Swift Advances is a niche lending business providing secured housing loans to borrowers in the UK.

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Buyer(S) 2

Buyer

Alchemy Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1997
PE ASSETS 4.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Alchemy Partners is a private equity firm that targets investments in the UK, Ireland, and German-speaking Europe. Alchemy looks to commit £25 to £150 million per transaction in areas including financial services, information technology, and telecoms. Historically, the Firm primarily targeted leveraged buyouts, buy-ins, and growth capital financings, but today Alchemy specializes in distressed and undervalued or underperforming businesses. Alchemy Partners was formed in 1997 and is based in London.


DEAL STATS #
Overall 7 of 16
Sector: Financial Services M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 8
Country: United Kingdom M&A 5 of 11
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Instem

Stone, United Kingdom

Instem is a provider of IT applications to the early development healthcare market delivering compelling solutions for data collection, management and analysis across the R&D continuum. Instem was founded in 1969 and is based in Stone, England.

Sell £12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-10 Goldsmiths

Braunstone, United Kingdom

Goldsmiths Ltd. is a UK jewellery retailer.

Sell USD27M
Buyer

Indigo Capital

London, United Kingdom

Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Indigo Capital is a provider of mezzanine capital to help fund buyouts, corporate acquisitions, expansions, and recapitalizations. Indigo typically invests alongside other private equity firms, however the Firm invests independently as well. Indigo is active throughout Europe and looks to commit €10 to €100 million per transaction. Indigo is sector agnostic and generally backs businesses with 'established market positions, strong, ambitious and incentivized management and attractive growth prospects.' Indigo Capital raised its first fund in 1990. The Firm has offices in London and Paris.


DEAL STATS #
Overall 13 of 46
Sector: Financial Services M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 27
Country: United Kingdom M&A 3 of 13
Year: 2004 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Flowbird Group

Neuilly-sur-Seine, France

Flowbird Group is a provider of parking management solutions and a major player in public transport ticketing equipment. The company operates through two business divisions, Smart Parking operates across the whole value chain of the on-street parking management and Smart Transport provides ticketing solutions (connected ticket and validation terminals) and associated software systems for public transport. Flowbird Group is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-08 betapharm Arzneimittel

Augsburg, Germany

Betapharm markets high quality generic drugs focusing on long-term therapy products with high prescription rates.

Buy €300M