Ashurst advised an international bank consortium on the financing of the acquisition of United Initiators GmbH & Co. KG (United Initiators) by finance investor Equistone. The producer of speciality chemical initiators, headquartered in Pullach near Munich was sold by private equity firms, Vision Capital LLP und Speyside Equity.

The parties have agreed not to disclose the purchase price and financing volume.

The Ashurst team was led by Munich-based finance partner Dr Bernd Egbers. He was supported by counsel Christiane Bestgen, associate Isabell Pöller and transaction manager Susanne Kasnitz (all finance, Munich). Partner Heiko Penndorf (Frankfurt) advised on tax aspects, corporate partner Holger Ebersberger (Munich) checked the purchase agreement.

Ashurst already advised some of the members of the consortium in July 2015 in relation to the recapitalisation of United Initiators.