Houlihan Lokey Advises Alchemy Systems

Houlihan Lokey is pleased to announce the sale of Alchemy Systems, L.P., a portfolio company of The Riverside Company, to Intertek Group plc. The transaction closed on August 20, 2018.

Alchemy is a leading provider of SaaS-based people assurance solutions for the food industry. The company offers software services and proprietary content to help clients across the food industry—including producers, manufacturers, distributors, and retailers—drive compliance and operational excellence. Alchemy's tech-enabled solutions monitor skills gaps within clients' frontline operations, build actionable data, and offer targeted interactive learning solutions. The company's model consistently delivers high-growth, high-margin financial performance through a subscription-based revenue model. Founded in 2003 and headquartered in Austin, Texas, Alchemy employs approximately 270 people at four locations across the U.S. and Canada.

The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses. Since its founding in 1988, Riverside has invested in more than 550 transactions. The firm's international portfolio includes more than 80 companies.

Intertek is a leading Total Quality Assurance provider to industries worldwide. The company's network of more than 1,000 laboratories and offices and over 43,000 people in more than 100 countries delivers innovative and bespoke assurance, testing, inspection, and certification solutions for customers' operations and supply chains.

Houlihan Lokey served as the lead financial advisor and assisted in marketing, structuring, and negotiating the transaction on behalf of Alchemy and Riverside.

This transaction exemplifies the continued success of Houlihan Lokey's dedicated coverage of the compliance solutions market, with complementary expertise in food safety, SaaS, and training platforms to deliver an outstanding result to the selling shareholders.


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