Freshfields advises gategroup on acquisition of LSG Sky Chefs
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Zurich-based gategroup on the acquisition of the European business of Lufthansa’s catering subsidiary LSG Sky Chefs and the conclusion of a long-term catering contract with the Lufthansa Group in Frankfurt and Munich. In addition to the European catering operations, the purchase agreement includes the airline’s lounge business, the retail convenience food specialist Evertaste, manufacturer SPIRIANT and Ringeltaube retail stores.
The planned transaction will strengthen gategroup's market position as the world's leading provider of catering services for airlines serving more than 700 million passengers annually. The sale is still subject to antitrust approvals.
gategroupcurrently has 43,000 employees worldwide and a turnover of just under €5bn. LSG Sky Chefs employs around 35,000 people worldwide and is represented at 205 airports in 53 countries. The combined portfolio sold to gategroup employ approximately 7,100 people, generating sales of around € 1.1bn, which accounts for around one-third of LSG Group's total sales.
The Freshfields team was led by Matthias-Gabriel Kremer, Konrad Schott, Peter Niggemann, Katrin Gassner, Jan Brinkman, Michael Ramb, Geert Verhoeven, Guillemette Burgala, Christel Cacioppo, Edward Cole, Paul Humphreys, Thomas Jörgens and Luigi Verga.
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