McDermott Will & Schulte has advised Oldenburgische Landesbank Aktiengesellschaft (OLB) as sole mandated lead arranger on the financing of the acquisition of a majority stake in the Blasius Schuster Group by AUCTUS Capital Partners.
After the acquisition, AUCTUS and Blasius Schuster will establish the Urban Mining Group, a nationwide platform for recycled building materials, and thus drive the further development of the group.
Blasius Schuster Group is an integrated urban mining services provider focused on the disposal and recycling of mineral raw materials.
Munich-based AUCTUS is a market leader in the implementation of buy-and-build strategies in the DACH region.
OLB is a universal bank with 80 branches in Germany and approx. 1,700 employees. Under the OLB and Bankhaus Neelmeyer brands, OLB serves nearly one million customers.
The McDermott team was led by Ludwig Zesch and included partner Thomas Diekmann, counsel Maximilian Meyer, and associates Tim Becker and Alina Dietrich.