Key Deals

  • Acquired 51% of Brahim’s-LSG Sky Chefs Holdings Sdn Bhd (“BLSG”) from Brahim’s International Franchises Sdn Bhd in March 2008
    • Issued 130m new shares in Brahim’s Holdings Berhad
    • Acquisition priced at then estimated FY08 PE of 10.9x
  • BLSG’s core subsidiary, 70%-owned LSG-Sky Chefs-Brahim’s Sdn Bhd (“LSGB”) provides in-flight catering and related services such as cabin handling and laundry services
    • Malaysia’s leading ‘Halal’ in-flight catering company
  • Recently announced proposed acquisition of remaining 49% of BLSG from LSG Asia GMBH
    • RM130m cash consideration
    • Priced at historical FYE Dec 2011 P/E of 6.5x