![Vision and Speyside more than triple their money on United Initiators sale](https://assets.fnlondon.com/2016/08/IMG012349_full4x3.jpg)
UK mid-market private equity firm Equistone, owner of steak restaurant chain Gaucho, has fought off competition from a number of trade buyers and private equity firms to acquire a majority stake in German chemical manufacturer United Initiators.
The stake was acquired from secondaries investor Vision Capital and private equity firm Speyside Equity.