Noerr supports sale of equity interest of insolvent SH+E Group
With legal advice from a team put together by the law firm Noerr, a first equity interest of the insolvent SH+E Group has been sold. The 50% equity interest of the SH+E Group in MICRODYN-NADIR will be taken over by the MANN+HUMMEL Group.
The sale of this equity interest is at the same name an initial success in the search for investors for the individual companies of the SH+E Group. Since 2007, the SH+E Group - one of Germany's largest plant manufacturers - has held a 50% stake in MICRODYN-NADIR, which unlike the other operative subsidiaries did not enter into insolvency proceedings. MICRODYN-NADIR specializes in membranes and modules for water and waste water treatment and is a world leader in this area.
Advisor to insolvency administrator Tobias Hoefer (HOEFER SCHMIDT-THIEME): Noerr LLP
Dr Thorsten Reinhard (team lead, Corporate), Dr Oliver Trautmann (tax law, both Frankfurt)
Associates: Carina Park (tax law), Dr Christian Schützler, Dr Andrea Zwarg (both Corporate, all Frankfurt)