- Aurelius is a pan-European alternative investment firm based in Bavaria, Germany
- Lufthansa is an aviation group with operations worldwide
- The transaction is likely to be completed in the third quarter of 2023
Aurelius will acquire LSG Group International, a global integrated airline caterer and onboard retail provider, from Deutsche Lufthansa. No financial details of the transaction were disclosed.
The LSG Group is headquartered in Frankfurt, Germany. The company generates revenues of around $2 billion.
The transaction is likely to be completed in the third quarter of 2023, subject to relevant regulatory approval.
“This acquisition underlines Aurelius’ position as a market leader for delivering very complex corporate carve-outs on a global scale,” said Dirk Markus, founding partner of Aurelius.
The carve-out transaction includes all catering, onboard retail and food commerce activities, and the LSG Group’s brands with all 131 LSG sky chefs customer service centres in the Americas, emerging markets and Asia-Pacific regions, according to a release.
Aurelius plans to support the transition of the LSG Group from being a Lufthansa subsidiary to becoming a standalone business, the release added.
Aurelius is a pan-European alternative investment firm headquartered in Bavaria, Germany.
Lufthansa, based in Cologne, Germany, is an aviation group with operations worldwide.