M&A Deal Summary

Equistone Acquires United Initiators

On August 17, 2016, private equity firm Equistone acquired chemicals company United Initiators from Vision Capital and Speyside Equity

Acquisition Highlights
  • This is Equistone’s 2nd transaction in the Chemicals sector.
  • This is Equistone’s 38th transaction in Germany.

M&A Deal Summary

Date 2016-08-17
Target United Initiators
Sector Chemicals
Buyer(s) Equistone
Sellers(s) Vision Capital
Speyside Equity
Deal Type Secondary Buyout

Target

United Initiators

Pullach, Germany
United Initiators is a global manufacturer of peroxides, persulfates and other specialty initiators. United Initiators’ products comprise organic peroxides, persulfates, hydrogen peroxide and speciality chemicals, which have a wide range of applications including the production of acrylics and latex polymers, paint, plastics, bleaching agents, denture cleaners, teeth whiteners and disinfectants. United Initiators was founded in 1911 and is based in Pullach, Germany.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 206 of 252
Sector: Chemicals M&A 2 of 3
Type: Secondary Buyout M&A Deals 58 of 83
Country: Germany M&A 38 of 43
Year: 2016 M&A 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-06 Camusat

Paris, France

Camusat constructs and manages mobile telecom networks. Camusat primarily designs, installs and maintains telecom towers for mobile network operators (MNOs) and tower companies. Additionally, the business supplies and maintains fibre-optic broadband networks. Camusat was founded in 1948 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 Roth Gruppe AG

Gerlafingen , Switzerland

Roth Gruppe AG is a provider of services in fire protection, insulation and coatings. Its products are particularly targeted towards domestic, industrial and commercial buildings, as well as infrastructure projects for both the private and public sectors. Roth Gruppe was founded in 1958 and is based in Gerlafingen, Switzerland.

Buy -

Seller(S) 2

SELLER

Vision Capital

London, United Kingdom

Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Vision Capital is a large private equity firm focused on control investments in companies located in Europe and the US. Vision targets equity and debt investments in profitable businesses valued from €50 million to €1 billion. Specific areas of interest include financial services, real estate, industrial, manufacturing, consumer and business services. Target transaction types include buyouts and corporate divestitures/spinoffs. In addition to its principal investment activity, Vision Capital's Principal Finance group provides financing to other investors or company owners to support growth initiatives, debt repayment, acquisitions, or investor liquidity. Vision Capital was formed in 1997 and is based in London.


DEAL STATS #
Overall 21 of 31
Sector: Chemicals M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 10
Country: Germany M&A 1 of 2
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-26 Elegant Hotels Group

Saint James Parish, Barbados

Elegant Hotels Group Plc is an upscale hotel operator in Barbados, with five hotels representing almost 25% of all upscale rooms on the island. The group also includes the renowned Daphne's restaurant.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Portman Travel

London, United Kingdom

Portman Travel is an independent travel management companies operating from 17 locations. Portman provides a range of specialist travel management solutions to SMEs, multinationals and public sector organisations the world over. Portman Travel was founded in 1959 and is based in London, United Kingdom.

Sell -
SELLER

Speyside Equity

Ann Arbor, Michigan, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Speyside Equity is a private equity firm focused on investments in traditional businesses with a history of profitability. Speyside generally looks for non-core divestitures from multinational businesses and will consider opportunities in the specialty chemicals, food/ingredients, and metal forming sectors. The Firm's geographic coverage includes North America and Western Europe. Speyside Equity was established in 2004 and is headquartered in Ann Arbor, Michigan.


DEAL STATS #
Overall 5 of 8
Sector: Chemicals M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 3
Country: Germany M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Dalton

Warsaw, Indiana, United States

Dalton is a producer of complex, heavily-cored gray iron castings. Dalton's products are used in critical applications in the HVAC, power transmission, engine, and heavy truck markets, serving a blue chip customer base including United Technologies, Caterpillar, General Motors and John Deere. Dalton was founded in 1910 and is based in Warsaw, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 Western Industries Plastic Products

Winfield, Kansas, United States

Western Industries Plastic Products is a designer and manufacturer of large blow-molded finished products and components used by OEMs in the industrial, furniture, sports and leisure, transportation, and lawn and garden sectors. Western Industries Plastic Products was founded in 1987 and is based in Watertown, Kansas.

Buy -