Bolland, who founded Alchemy alongside the recently departed Jon Moulton in 1997, left the firm under mysterious circumstances in November 2007.
An official explanation for Bolland’s departure has never been given, but it has been rumoured that he fell out with Moulton over the lack of a coherent succession plan at the firm. Just weeks after his departure, Dominic Slade, who now leads the firm, was appointed managing partner alongside Moulton.
Following his fellow co-founder’s explosive exit from the firm last month, the door has now been opened to a return by Bolland, who was highly rated among investors before his departure.
Bolland will not return as a partner, but as a member of the monitoring boards of certain Alchemy portfolio companies, according to a source close to the situation.
Subscribe to Real Deals here.