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JON MOULTON TO LEAVE ALCHEMY

JON Moulton, the private equity guru, yesterday resigned as head of Alchemy Partners after a spectacular bust-up with his partners.<br /><br />Moulton resigned from the firm he founded 12 years ago following a row over strategy with his deputy Dominic Slade, who is set to take over the top job at the mid-market buyout house.<br /><br />He announced the resignation, which comes one year ahead of his planned departure on his 60th birthday, in a letter to investors that called for Alchemy to be wound down.<br /><br />&ldquo;With profound regret, Alchemy is not what it once was,&rdquo; he wrote. &ldquo;The state the firm is now in leads to the view that the best solution for investors and the partnership is an early, orderly plan termination.&rdquo;<br /><br />In a statement, Slade said: &ldquo;The strength of the business is testament to Jon&rsquo;s imagination and enthusiasm and we wish him a long and happy retirement.&rdquo;