Riverdeep gets support from Alchemy Partners

Alchemy Partners have agreed to support the Riverdeep MBO.

Advisers to the buyout team are JP Morgan and Goodbody Corporate Finance who have been working with Riverdeep's advisers Davy Stockbrokers to agree on a price for the buyout.

It is thought that the price agreed will be between €1.40 and € 1.60, which would value the company at between €336m and €384m.

The management buyout is being led by CEO Barry O'Callaghan and by company founder Pat McDonagh, who is its largest shareholder.