Aurelius has agreed to sell its Asia-Pacific aviation catering business, LSG Asia-Pacific, to a Japanese consortium comprising Tokyo-listed Kobe Bussan and GOURMET KINEYA, according to a company statement.
DealStreetAsia reported earlier this month that the sale process, which was brokered by Bank of America, drew multiple bidders, including SATS and Sojitz.
Aurelius acquired LSG APAC in 2023 as part of its carve-out of LSG Group from Deutsche Lufthansa. The Asia-Pacific business spans key markets including Hong Kong, New Zealand, South Korea, Thailand, Canada, and Micronesia, and includes multiple joint ventures across the region.
Following the acquisition, Aurelius deployed its operations team to execute the carve-out and transformation of the business, establishing standalone structures while driving operational and commercial improvements across multiple jurisdictions. The firm said LSG APAC has since been repositioned as an independent regional player, delivering organic growth and achieving margins above pre-pandemic levels.
“Aurelius gave us the tools, support as well as the autonomy to complete the carve-out from Lufthansa and improve our performance beyond pre-pandemic levels,” said Hing Kai Cheung, Group CEO of LSG APAC.
The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals and customary conditions.
Aurelius was advised by BofA on M&A, Baker McKenzie on legal matters, PwC on financial and tax issues, Roland Berger on commercial matters, and Haver & Mailänder on antitrust.
