Alchemy Partners, a British private equity firm, failed to invest £90m ($117m) in Countrywide, United Kingdom's largest property group. "Today's news marks an exciting new chapter in the evolution of Countrywide. When I stepped in as Executive Chairman, the objectives were very clear: to restore profitability and fix the balance sheet. The business returned to profitable growth in 2019 and with this proposed £90m ($117m) fund raise, Countrywide now has a sustainable capital structure that will allow it to thrive. I am delighted that Alchemy have committed to this significant investment in the Company and I wish them and everyone at Countrywide the greatest of continuing success," Peter Long, Countrywide Executive Chairman.