Schoenherr has advised Wieland Ventures GmbH on the acquisition of a 22.1 percent stake in UrbanGold GmbH from Mettop GmbH. Mettop was advised by Oberhammer.
Financial terms of the transaction were not disclosed.
UrbanGold was founded in 2014 as a start-up and spin off from Mettop. The start-up developed technology allowing for electrical and electronic waste to be recycled into valuable metals.
Mettop, which was founded in 2005, is an independent Austrian engineering company specialized in the design, optimization, and engineering of technologies for metallurgical processes.
The Wieland Group is a worldwide provider of semi-finished products and components made of copper and copper alloy. Currently, Wieland has 15 production sites on three continents.
According to Schoenherr, Wieland will play an important role in further developing and expanding the company. “With this investment," the firm reports, "Wieland will continue its strategy of further improving the sustainability of copper, in order to also enhance the attractiveness of their customers' products in their respective markets.”
Schoenherr's team was led by Partner Florian Kusznier, supported by Partner Hanno Wollmann, Attorneys at Law Sigrun Adrian-Waltner, Julia Wasserburger, and Dominik Hofmarcher, and Associate Mariella Friedrich.
The Oberhammer team was led by Partner Kamen Sirakov.