Boyanov & Co has advised the Aurelius Group on its acquisition of Lufthansa’s catering operations in Bulgaria. Schoenherr advised Lufthansa.
The LSG Group, registered as LSG Lufthansa Service Holding, is an aviation services company and a subsidiary of Deutsche Lufthansa. The airline carriers served by LSG included Lufthansa, Air New Zealand, American Airlines, Delta Air Lines, Asiana Airlines, Spirit Airlines, Swiss International Air Lines, United Airlines, Alaska Airlines, Korean Air, Finnair, and Emirates.
According to Boyanov & Co, “the Star Alliance carrier initially sold LSG Group’s European business activities to Gategroup in 2019 and then struck a preliminary agreement to sell the remainder of LSG to Aurelius in April this year. The sale, formally completed on October 31, comprises all the group’s classic catering activities along with its on-board retail and food commerce businesses. It includes a total of around 19,000 employees worldwide and 36 joint ventures across the globe.”
Furthermore, the firm reports that, “while retaining its name, the LSG Group (including the brands LSG Sky Chefs and Retail inMotion) now becomes a standalone company part of the investment portfolio of private equity company Aurelius Group.”
The Boyanov & Co team included Counsel Mihail Vishanin and Senior Associate Nedyalka Novakova.
The Schoenherr team included Attorney at Law Katerina Kaloyanova-Toshkova and Associate Gergana Roussinova-Ivanova.