Schoenherr, working alongside lead counsel Gleiss Lutz, has advised the New York private equity fund Lindsay Goldberg on its acquisition of the Schur Flexibles Group from Capiton AG and its management. Kirkland & Ellis advised sellers on the transaction, which remains subject to approval by the antitrust authorities. The purchase price was not disclosed.
The Schur Flexibles Group is an Austria-based producer and distributor of flexible packaging solutions with a turnover of EUR 370 million in 2015 and around 1100 employees. Lindsay Goldberg is a US private equity fund (advised by Lindsay Goldberg Vogel in Europe), which manages own funds of around USD 14 billion. Capiton AG is a Germany-based private equity firm.
Schoenherr supported Lindsay Goldberg in Austria, Poland, and Slovakia on the legal due diligence and transaction documentation. The firm's team was jointly led by Austria-based Partner Florian Kusznier, Poland-based Partner Pawel Halwa, and Slovakia-basd Partner Sona Hekelova. They were supported by Austrian Senior Associate Julia Wasserburger, Poland Attorney Wojciech Czyzewski, and Slovakian Attorney Peter Devínsky and Michal Lucivjansky and Associate Tomas Silhanek.
The Kirkland team was led by Munich Corporate Partners Volker Kullmann and Nicole Schlatter and included Patrick Heinrichs, Mark Aschenbrenner, Roderic Pagel, and Sonja Schmitz.