Private equity firm Aurelius is reportedly exploring a sale of the Asia Pacific operations of LSG Group, the airline catering business it acquired from Lufthansa, according to a report by Bloomberg citing unnamed sources familiar with the matter.
The transaction could value the unit at several hundred million dollars.
Aurelius is working with financial advisers to gauge interest from potential buyers, with options including a full-sale of the APAC business or a piecemeal approach by country. No final decision has been made, the sources added.
The Asia Pacific unit is part of LSG Sky Chefs’ global network, which operates in 49 countries and delivers approximately 275 million airline catering meals annually, and employs around 19,000 staff worldwide.
Lufthansa sold the remaining non-European operations of its catering business to Aurelius in 2023, following the prior sale of European operations to Gategroup, as part of a strategy to focus on its core airline business.
Founded in 2005, Aurelius is a global alternative asset manager investing across private equity, private debt, and real estate, with more than 400 employees in Europe and North America. The potential sale of the APAC unit would mark one of its larger portfolio exits in recent years.
