Comment / M&A radar: Post-Atlas Air comes the value-driven Lufthansa jigsaw

It’s that time now when the private equity (PE) mindset prevails across several sectors, with PE dry powder too good to ignore as testified last week by the news that Atlas Air has agreed to be taken over by a consortium led by Apollo, which gave the target a rich $5.2bn enterprise value (EV) price tag.

As deeper PE involvement in logistics in Europe is expected, particularly in the air cargo business, what about the appeal of Deutsche Lufthansa’s (LHA) parts?

Its ...