Triton-Partners Acquires United Initiators from Equistone

Frank­furt / Pullach – Triton Fund 6, mana­ged by Triton Part­ners, has signed an agree­ment to acquire United Initia­tors, a manu­fac­tu­rer specia­li­zing in active oxygen solu­ti­ons, from funds mana­ged by Equis­tone Part­ners Europe. The tran­sac­tion is subject to custo­mary and regu­la­tory appr­ovals and is expec­ted to close in the fourth quar­ter of 2026. The terms of the tran­sac­tion will not be disclosed. 

United Initia­tors (“UI”) was foun­ded in 1911, is head­quar­te­red in Pullach, Germany, and is a manu­fac­tu­rer of specialty chemi­cals that serves a diverse custo­mer base of blue-chip compa­nies world­wide. UI’s products are used to initiate poly­me­riza­tion proces­ses and, due to their oxida­tive poten­tial, in a wide variety of appli­ca­ti­ons. The company employs more than 800 people and opera­tes nine produc­tion faci­li­ties and two warehou­ses in the EMEA, Ameri­cas, and APAC regions. 

The acqui­si­tion of United Initia­tors marks Triton Part­ners’ third acqui­si­tion of an indus­trial tech company this year and the seventh over­all for the Triton Fund 6.

Advi­sors to Triton: Kirk­land & Ellis, Frankfurt

, Dr. Fried­rich Schlott, Dr. Chris­tian Halàsz (both lead advi­sors), Ann-Kath­rin Zieg­ler (lead advi­sor, Munich, all Restruc­tu­ring), Dr. Alex­an­der Längs­feld (Munich, Debt Finance), Tim Nobe­reit (Munich, Tax); Asso­cia­tes: Dr. Paul Päfgen (Munich), Dr. Jona­than Hain, Caro­lin Paus (Munich, all Restruc­tu­ring), Mirjam Meyer, Michael Döpp­ner, Alice Treu­­le­­ben-von Gans (all Private Equity/M&A), Sebas­tian Trom­pler (Munich, Debt Finance)

About Triton Partners

Triton Part­ners was foun­ded in 1997, is owned by its part­ners, and is a leading Euro­pean inves­tor specia­li­zing in mid-market compa­nies. Triton Part­ners focu­ses on inves­t­ing in compa­nies that provide busi­­ness-criti­­cal goods and services in its three core sectors: busi­ness services, indus­trial tech­no­logy, and healthcare. 

Triton Part­ners employs over 150 invest­ment profes­sio­nals and value-crea­­tion specia­lists across eleven offices and invests through three comple­men­tary stra­te­gies: Mid-Market Private Equity, Smal­ler Mid-Cap Private Equity, and Oppor­tu­ni­stic Credit. — www.triton-partners.com

About Kirk­land

With more than 4,000 attor­neys in 24 cities across the U.S., Europe, the Middle East, and Asia, Kirk­land & Ellis is one of the leading law firms provi­ding high-cali­­ber legal services. The German team focu­ses on advi­sing clients in the areas of private equity, M&A, restruc­tu­ring, corpo­rate and secu­ri­ties law, finan­cing, and tax law. For more infor­ma­tion, please visit www.kirkland.com.

About United Initiators 

www.united-initiators.com/de