Overview
Munich, Juny 11, 2025 – McDermott Will & Emery has advised Oldenburgische Landesbank Aktiengesellschaft (OLB) on the financing of the acquisition of European IT Consultancy EITCO GmbH by Adelis Equity Partners. Together with the existing management team – who will remain in place and continues as significant shareholders – Adelis aims to accelerate EITCO’s growth journey. The focus will be on expanding the company’s offering, enhancing its capabilities, and extending its geographical footprint.
European IT Consultancy EITCO GmbH is a leading Enterprise Content Management specialist, serving public sector institutions, regulatory-driven organizations and enterprise customers with increasing demands for digital content and document management. The company employs around 200 FTEs across its offices in Berlin, Bonn and Essen.
Adelis Equity Partners is a growth partner for well-positioned companies in the Nordics and DACH. Since raising its first fund in 2013, Adelis has made 46 platform investments and more than 260 add-on acquisitions. Adelis today manages approximately €4.5 billion in capital.
OLB is a profitably growing universal bank for retail and corporate customers in Germany and selected neighbouring European countries. Under the brands OLB Bank and Bankhaus Neelmeyer and with Degussa Bank, which was acquired in 2024, the OLB group serves almost one million customers nationwide.
The McDermott team was led by partner Ludwig Zesch and comprised partner Steffen Woitz, counsel Maximilian Meyer as well as associate Tim Becker and transaction lawyer Konstantin Strobel.
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