Aheim funds and the management of time:matters sold their shares in time:matters Holding GmbH to Lufthansa Cargo AG.

time:matters is the expert for global special speed logistics and international time-critical spare parts logistics. For the fastest possible transports, time:matters can access the entire network of the scheduled flights of Lufthansa and other partners, as well as the route network of Deutsche Bahn, the German railway system. The company was founded in 2002 and today has offices throughout Europe and in China, Singapore and the United Arab Emirates.

Under the leadership of the Munich partner and Co-Head of the Corporate/M&A practice group, Dr Florian Becker, Noerr has advised Dr Michael Jaffé, insolvency administrator of the assets of Stadtwerke Gera Aktiengesellschaft, extensively on a transaction process put out to tender EU-wide for the sale of its 74.9 per cent stake in GWB Elstertal Geraer Wohnungsbaugesellschaft mbH. The shares have been acquired by the internationally renowned real estate company Benson Elliot, which already has several reference projects in Germany.

Global law firm Norton Rose Fulbright has advised Good Energy Group PLC (Good Energy) on a share offer to shareholders, bondholders, customers and other interested parties to raise gross proceeds of approximately £3.1 million. Arden Partners acted as the nominated adviser to Good Energy.

Noerr has advised VICUS GROUP AG, Vicus Real Estate Group GmbH and Göpel Vermögensverwaltung GmbH on the sale of Immobilien Spaldingtor in Hamburg and Gohlis-Arkaden in Leipzig by way of a share deal. The buyers are S IMMO AG, German Property Invest Immobilien GmbH and WSV Beta Immoholding GmbH, all headquartered in Austria.

On July 15, 2016, SR Technics Group announced that Mubadala the Abu Dhabi investment and development company, has agreed to sell an 80% stake in the company to HNA Aviation, a global enterprise group based in Haikou, China. SR Technics Group is a world leading MRO service provider in the civil aviation sector. Mubadala will retain a 20% stake in SR Technics Group. The transaction is subject to antitrust and regulatory approvals.

DLA Piper represented private equity firm ABRY Partners LLC in the sale of Emerging Market Communications (EMC), a provider of services to maritime and other difficult-to-reach mobility markets, to Global Eagle Entertainment (GEE) for $550 million.

ABRY, which had been the majority owner of EMC, received an equity position in GEE as part of the deal and can nominate a member to GEE’s board of directors. GEE provides satellite-based connectivity and media to global mobility markets across air, sea and land.

Clifford Chance advised Gamma Holding B.V., backed by financial sponsors Gilde Buy Out Partners and Parcom Capital Management B.V., on the sale of Dimension-Polyant GmbH to Sioen Industries N.V.. The transaction value amounts to 38 million Euro.

Dimension-Polyant GmbH, established in 1966, is the world market leader in sailcloth manufacturing with a global market share of more than 40%. The company with two manufacturing facilities in Kempen, Germany, and Putnam, USA, has budgeted sales of approximately 38 million Euro for 2016.

The Paris office of Eversheds has advised Veolia on the sale of its subsidiary, Bartin Recycling, who specialise in collecting and recycling ferrous and non-ferrous metals, to the Derichebourg group.

Bartin Recycling is a major stakeholder in industrial recycling in France. The company recovers scrap metal, new production waste and demolition material and recycles up to 450,000 metric tons of metal a year over their twenty sites. The operation will be completed after obtaining approval from the French competition authorities.

Premier global law firm Baker & McKenzie has advised global manufacturing and technology company Emerson Electric on the USD1.2 billion carve-out and sale of its Leroy-Somer and Control Techniques businesses to Nidec Corporation and on the USD4 billion carve-out and sale of its Network Power business to Platinum Equity. The sales are expected to close by December 31, 2016, subject to regulatory approvals.

Schoenherr has advised HETA ASSET RESOLUTION AG ("HETA") and its subsidiary HETA Asset Resolution GmbH ("HAR GmbH") on the sale of Heta Asset Resolution Italia S.r.l ("HARIT"), including all outstanding loans granted by HETA to HARIT, to an Alternative Investment Fund advised by Bain Capital Credit, LP ("Bain Capital Credit"). The closing of the sale is conditional upon the approval of the transaction by Banca d'Italia.