Schoenherr has advised Schweighofer Group on the sale of Schweighofer Fiber GmbH to private equity group TowerBrook Capital Partners L.P. The buyers were reportedly advised by CMS on the deal, which closed on September 12, 2017.
Schoenherr describes the Schweighofer Group as "one of Europe's leading timber processing companies exporting products to over 70 countries worldwide," and reports that "following the sale, which was purely strategic, Schweighofer Group will concentrate on its core business of wood processing."
Schweighofer Fiber is located near Salzburg in Austria and specializes in the production of viscose pulp for export and bio-energy from renewable energy sources. According to Schoenherr, "with more than 240 employees, Schweighofer Fiber is among the market leaders worldwide for the special type of viscose pulp produced in Austria and among the most profitable of the top 250 industrial companies in Austria, a true hidden champion."
The Schoenherr team advising the Schweighofer Group was led by Partners Christian Herbst and Volker Weiss, supported by Counsel Maximilian Lang, and Associate Alexander Mazevski.
Editor's Note: After this article was published, CMS confirmed that it advised TowerBrook Capital Parnters. The firm's team was led by Partner Clemens Grossmayer and included Partners Robert Keisler, Dieter Zandler, and Jen Winter, Attorneys at Law Anna Wieser, Daniel Courtney, and Anna Konopkaand Associates Molly Kos and Dominik Stella.