Descrição Alchemy Partners doesn't literally turn lead into gold, but nonetheless garners some green from its investments. The private equity firm is a turnaround specialist that participates in management buyouts, restructurings, refinancings, and the acquisitions of distressed debt of undervalued or underperforming companies in Central Europe and the UK. It is also involved in a joint venture with Ashmore Group to invest in India. Alchemy Partners has holdings in a range of industries, but possesses particular expertise in financial services and telecommunications.