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Schoenherr Advises On Acquisition of Microporous's Austrian and US Operations

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European law firm Schoenherr, along with lead counsel Wilkie Farr Gallagher in the United States, advised the New York-based private equity firm Seven Mile Capital Partners II on its USD 120 million acquisition of the Austrian and US operations of Microporous, a leading producer of lead-acid battery separators, from Polypore International.

As part of the transaction, Seven Mile Capital acquired the Microporous lead-acid battery separator facilities in Tennessee, in the United States, and Feistritz im Rosental, in Austria. The transaction successfully closed on December 19, 2013.

Schoenherr covered all Austria-related aspects of the transaction, including due diligence, contract documentation, acquisition financing, and tax. The Schoenherr team was led by Partner Christian Herbst and included Partners Michaela Petritz-Klar, Sascha Hodl, and Roman Perner, along with Senior Associate Maximilian Lang.