Speyside Equity, a U.S. based private equity firm, announces a partnership with Vision Capital, a London-based private equity group.
Speyside Equity has divested a majority of shares in German-based United Initiators and a minority of shares in U.S. based Sweet Ovations to Vision Capital. United Initiators, which has an annual turnover of over €150 million, is a leading speciality chemical business focussed on the manufacture of organic peroxides and persulfates, with operations in Germany, the U.S., China and Australia. Sweet Ovations, which has an annual turnover of approximately $100 million, is a leading supplier of custom formulated food ingredients to North American food companies. Speyside remains actively involved in both businesses, working alongside Vision Capital to support continued organic growth and potential acquisitions for both United Initiators and Sweet Ovations.
Oliver Maier, a Partner at Speyside Equity, said:
“We are very pleased to announce our partnership with Vision Capital. United Initiators and Sweet Ovations have grown in size and strength since we acquired the businesses in 2008 and 2005 respectively. We look forward to realising their future potential in partnership with Vision Capital.”
Dave Lamb, a Partner at Vision Capital, said:
“I am delighted to announce our investment in United Initiators and Sweet Ovations in a truly transatlantic deal. Both businesses have significant potential for future growth on an international scale, and we look forward to working closely with the team at Speyside to ensure we realise this potential.”
PrinceRidge provided financial advice to Vision Capital in connection with the transaction.
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Oliver Maier, Speyside Equity
Telephone: 800-897-9721 x204