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Noerr advises DPE funds on purchase of majority interest in Air Alliance

Noerr has advised private equity funds assisted by DPE Deutsche Private Equity Management III on the purchase of a majority interest in Air Alliance Group, a dealer for the well-known aircraft manufacturers Pilatus, Diamond and Gulfstream.

With offices and facilities in Siegerland, Cologne, Vienna and Birmingham, the company also offers comprehensive maintenance and repair services for private and business aircraft and is a leading European provider of medical flights.
 
In this transaction DPE relied on Noerr and a team led by its private equity partner Georg Schneider. Noerr’s private equity team is regularly involved in buyout transactions and in 2017/2018 advised, for example, SSVP funds assisted by Orlando on the sale of TierOne to HIG Capital and on the sale of the Oetinger Group to Metal Trade Comax, Bridgepoint and Wiggle on the purchase of Bike24, Bridgepoint Development Capital on the purchase of Kreuzfahrtberater.de, Rigeto Unternehmerkapital on the sale of the BHT Group, AURELIUS Equity Opportunities SE & Co. KGaA on the sale of SECOP, and thinkproject! on the investment of TA Associates.
 
The transaction is still subject to approval by the relevant antitrust authorities as well as further closing conditions.

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