Houlihan Lokey Advises United Initiators

Houlihan Lokey are pleased to announce the successful amend to extend of existing and new debt facilities for United Initiators GmbH (United Initiators or the Company). The transaction covered the extension of existing debt, the refinancing of one incumbent lender as well as additional debt from a new lender.

United Initiators, headquartered in Pullach, Germany, is the largest global pure play active oxygen solutions manufacturer, offering specialty, mission critical chemical products such as of organic peroxides, persulfates, and hydrogen peroxide with a global positioning of number 1 in persulfates and top 3 in organic peroxides. The Company has a balanced exposure across a diverse set of end markets –among others, light weighting, mobility, electronic vehicles, consumer product applications and renewable energy solutions. United Initiators operates a strong R&D function committed to continuous product and process improvement across multiple regions. The Company currently employs c. 930 FTEs in over eight countries and operates ten production sites worldwide.

In 2016, Equistone acquired a majority stake in the company – since then, the Company has grown continuously. With a track record of successful acquisitions, the integration of Hidrojen Preoksit and PeroxyChem Canada in 2019-2020, and a joint venture with VR Persulfates in 2018, the Company is a robust and versatile platform for further M&A expanding with proven ability to deliver on business plan through successful project implementation and M&A execution.

Houlihan Lokey provided debt advice on all commercial aspects of the financing transaction and secured an amend to extend of the financing structure for the next years, as well as an increase of the financing volume in a challenging market, to support the Company’s growth strategy.