October 3, 2013

Seven Mile Capital Partners agrees to acquire divested Microporous assets from Polypore International Inc.

On September 30, it was announced that Seven Mile Capital Partners II LP, an affiliate of Willkie client Seven Mile Capital Partners, has entered into a definitive agreement to acquire Microporous Products from Polypore International Inc. for $120 million. Polypore is selling Microporous, a leading maker of battery separators (used in automobiles and other vehicles) pursuant to an FTC divestiture order. The company supplies major North American and European lead acid battery manufacturers, and maintains an extensive customer base located across 23 countries and five continents. Polypore is a global high technology filtration company specializing in microporous membranes. With a portfolio of over 20 companies, New York-based Seven Mile is a leading middle-market private equity firm, focusing on investing in middle market buyouts as well as growth capital.

The deal was handled by partners William Gump, Jeffrey Korn, Christopher Peters and William Hiller; of counsel William Thomas and associates Michael Brandt, Danielle Scalzo, Meredith Levy, David Marley and Sean Zoltek.