In a recent article Agrawal et al. (STACS 2016) studied a simultaneous variant of the classic Feedback Vertex Set problem, called Simultaneous Feedback Vertex Set (Sim-FVS). In this problem the input is an n-vertex graph G, an integer k and a coloring function col : E(G) → 2 [α] , and the objective is to check whether there exists a vertex subset S of cardinality at most k in G such that for all i ∈ [α], G i − S is acyclic. Here, G i = (V (G), {e ∈ E(G) | i ∈ col(e)}) and [α] = {1,. .. , α}. In this paper we consider the edge variant of the problem, namely, Simultaneous Feedback Edge Set (Sim-FES). In this problem, the input is same as the input of Sim-FVS and the objective is to check whether there is an edge subset S of cardinality at most k in G such that for all i ∈ [α], G i − S is acyclic. Unlike the vertex variant of the problem, when α = 1, the problem is equivalent to finding a maximal spanning forest and hence it is polynomial time solvable. We show that for α = 3 Sim-FES is NP-hard by giving a reduction from Vertex Cover on cubic-graphs. The same reduction shows that the problem does not admit an algorithm of running time O(2 o(k) n O(1)) unless ETH fails. This hardness result is complimented by an FPT algorithm for Sim-FES running in time O(2 ωkα+α log k n O(1)), where ω is the exponent in the running time of matrix multiplication. The same algorithm gives a polynomial time algorithm for the case when α = 2. We also give a kernel for Sim-FES with (kα) O(α) vertices. Finally, we consider the problem Maximum Simultaneous Acyclic Subgraph. Here, the input is a graph G, an integer q and, a coloring function col : E(G) → 2 [α]. The question is whether there is a edge subset F of cardinality at least q in G such that for all i ∈ [α], G[F i ] is acyclic. Here, F i = {e ∈ F | i ∈ col(e)}. We give an FPT algorithm for Maximum Simultaneous Acyclic Subgraph running in time O(2 ωqα n O(1)). All our algorithms are based on parameterized version of the Matroid Parity problem.