DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Oldenburgische Landesbank on Acquisition Financing for Rhein Invest
February 8, 2024
Read time: 3 min
Munich, February 8, 2024 – McDermott Will & Emery has advised Oldenburgische Landesbank (OLB) on the financing of the acquisition of E+Service+Check GmbH (ESC) by private equity sponsor Rhein Invest.
Together with the management, Rhein Invest will support the ESC Group in its further expansion, for example in the Netherlands and in CEE countries.
Rhein Invest is a German-Dutch investment company with a focus on long-term investments in SMEs in the business services, industry, software, food and agricultural technology sectors.
The electro check service provider E+Service+Check GmbH, based in Laucha an der Unstrut in Saxony-Anhalt, Germany, supports a broad customer base in ensuring electrical safety and accident prevention in the workplace in accordance with health and safety regulations.
OLB is a profitable and growing universal bank for private and corporate customers in Germany and neighbouring European countries. Under its OLB Bank and Bankhaus Neelmeyer brands, OLB advises its more than 660.000 customers in person and via digital channels in its Private & Business Customers and Corporates & Diversified Lending segments (such as acquisition finance, commercial real estate finance, international diversified lending, football finance, fund finance, wind finance etc.). The Bank has about EUR 25 bn of total assets.
The McDermott team was led by partner Ludwig Zesch and comprised counsel Maximilian Meyer as well as associates Lorenz Schwojer and Laura Sollacher.
