Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Polypore International, Inc
Robert W. Baird & Co. served as co-lead manager in this offering
Polypore International, Inc. (NYSE: PPO) recently completed a follow-on offering of 8,030,951 shares of common stock at $24.00 per share, generating gross proceeds of $192.7 million for the Company and certain selling shareholders. Of the shares offered, 3,750,000 shares were sold by the Company and 4,280,951 shares were sold by certain selling stockholders, including the Company’s majority shareholder, Warburg Pincus.
Based in Charlotte, North Carolina, Polypore is a leading worldwide developer, manufacturer and marketer of highly specialized polymer-based membranes used in separation and filtration processes. Polypore’s products and technologies are used in two primary segments: energy storage and separations media. The primary applications for the membranes in the energy storage segment are lithium batteries and lead-acid batteries and the primary applications for the membranes and membrane modules in the separations media segment are hemodialysis, blood oxygenation, plasmapheresis, as well as high-performance microfiltration, ultrafiltration and gasification/degasification.
The Baird team included members of our Investment Banking, Financial Sponsor, and Equity Capital Markets groups.