Herbert Smith Freehills has advised Lufthansa Group on the sale of their globally operating catering business to private equity company Aurelius Group. Herbert Smith Freehills already advised the Lufthansa Group in 2019 on the sale of LSG Group’s European business to the Swiss company Gategroup.
The carve-out transaction includes all classic catering activities as well as the onboard retail and food commerce business. LSG Group combines about 19.000 employees worldwide and consists of over 100 companies operating more than 130 service centres in the Americas (U.S. and Latin America), EMMA (Emerging Markets) and Asia-Pacific regions. The LSG Group also includes the onboard retail specialist Retail InMotion and SCIS Air Security Services.
As part of the transaction, shares and assets will be transferred in more than 30 jurisdictions. The closing of the transaction is subject to the necessary regulatory approvals and is expected to take place in the third quarter of 2023.
The LSG Group is headquartered in Neu-Isenburg near Frankfurt am Main. In 2021 it generated consolidated revenue of EUR 1.96 billion worldwide.
The Aurelius Group is a private equity investor based in Grünwald, Germany. The investment company currently operates in eight different locations in Europe, including Munich, London, Amsterdam, Stockholm, Milan, Madrid, Luxembourg and Düsseldorf.
Advisor Deutsche Lufthansa
Herbert Smith Freehills:
Düsseldorf/Frankfurt: Dr Soenke Becker (Lead, Corporate/M&A), Dr Marcel Nuys (Competition), Dr Marius Boewe (Regulatory), Dr Steffen Hoerner (Tax), Kai Liebrich (Finance); Counsels: Dr Christian Johnen, Lena von Richthofen (both Corporate/M&A), Dr Florian Huerkamp (Competition), Dr Hannes Jacobi (Finance); Associates: Dr Nikolaus Moench, Marjel Dema, Janis Rentrop, Tobias Beuker, Dr Marius Dicke (all Corporate), Mirko Gleitsmann, Anne Eckenroth, Caroline Wendt (all Competition), David Rasche, Kristin Kattwinkel (both Regulatory), Wladimir Leonhard, Tatiana Guenster (both Tax), Sophia Peter (Finance)
Hong Kong: Hilary Lau (Corporate)
Johannesburg: Rudolph du Plessis (Corporate)
London: Mark Bardell (Corporate), Kristen Roberts, Gabrielle Wong (both Finance), Rachel Pinto (Pensions)
New York: James Robinson (Corporate), Joseph Falcone, Jonathan Cross (both Regulatory)
Milan: Pietro Pouche (Disputes)
Shanghai: Nanda Lau (Corporate)
LEGAL DESIRE NEWSLETTER
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
See the full deal record on DealDatabase
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
