KPMG Law advises Axtmann Holding AG

KPMG Rechtsanwaltsgesellschaft mbH (KPMG Law) advised Axtmann Holding AG on the sale of a minority stake in Axtmann Aviation Holding GmbH to Bahrain Mumtalakat Holding Company B.S.C. (c).

Bahrain Mumtalakat Holding Company B.S.C. (c), the sovereign wealth fund of Bahrain, has acquired a minority stake in Axtmann Aviation Holding GmbH, under whose umbrella operates FAI Aviation Group, a global leader in critical care patient transport by ambulance jet, specialized flight logistics for government and non-government organizations, aircraft maintenance, and aircraft management consulting, leasing and sales. Founded in 1986, the group is based at Albrecht Dürer Airport in Nuremberg and is the largest general aviation company in Germany in terms of fleet size and flight performance. FAI Aviation Group employs 190 full-time staff and maintains additional offices in Dubai and Miami, as well as line stations in Bamako and Dakar.

Bahrain Mumtalakat is the state investment fund of the Kingdom of Bahrain. It holds shares in over forty companies in various sectors and generates returns through long-term, sustainable investments.

The acquisition, which was still subject to approval by the relevant competition authorities, was completed on May 29, 2017.

Advisor Axtmann Holding AG:

KPMG Law Firm Ltd.

Dr. Daniel Kaut (Partner, Lead Partner)

Christina Klinger (Senior Manager)

Denise Kühn-Rittirsch (Associate, all Corporate/M&A, all Nuremberg)

Advisor to Bahrain Mumtalakat Holding Company B.S.C. (c):

Latham & Watkins LLP

Gregor Klenk (Partner)
Dr. Stefan A. Wirsch (Counsel)
John-Patrick Scherer (Associate, all Frankfurt am Main)
Dr. Sebastian Pauls (Associate, Munich)
Philipp Gnatzy (Associate, London)