Alchemy man gets turnaround award
Venture capitalist and high profile accountant Jon Moulton will tonight be named as Best Equity Turnaround Financier of the Year by the London Society of Chartered Accountants' Turnaround Finance Group.
The award is in recognition of Moulton’s outstanding profiling of the turnaround finance industry.
Moulton, as managing partner of Alchemy Partners, was earlier this year involved in a controversial yet ultimately unsuccessful bid to buy Rover Cars from BMW.
Moulton is also among the nominees for the Accountancy Age Personality of the Year Award to be announced at a gala dinner at the Natural History Museum on 1 November.
Moutlon’s firm Alchemy has successfully completed over a dozen public to private and turnaround deals since its formation in 1997.
His turnaround award will be presented by Doug Macdonald of the London Society who said: ‘Jon Moulton, more than any other individual, has shown directors and bankers that turnaround finance is available and a positive option to getting distressed companies back on their feet and trading again.’
A second award, Best Balance Sheet Provider, was won by State Securities, part of the Business Finance Division of First National Bank plc.
The Turnaround Finance Group of the London Society is a group of financiers who specialise in providing finance for troubled businesses.
Awards – Outstanding achievers
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