TGS Baltic – together with White&Case –  advised Avia Solutions Group on attracting EUR 300 million of investments from Certares Management LLC

13.09.2021 TGS Baltic – together with White&Case – advised Avia Solutions Group on attracting EUR 300 million of investments from Certares Management LLC

We advised Avia Solutions Group (ASG), a leading global aerospace services group, on entering into a strategic partnership with investment specialist dedicated to the travel, tourism, and hospitality sectors Certares Management LLC (Certares) through a EUR 300 million structured equity investment in the Group.

Funds raised will enable the next phase of ASG’s growth plan for passenger and cargo aviation services, maintenance and engineering, crew training, ground handling, and logistics. Additionally, it will be used for strategic acquisitions, capital expenditures and general corporate purposes.

Furthermore, the partnership will provide ASG access to Certares’ complementary expertise and industry network.

The TGS Baltic team led by partners Vidmantas Drizga and Aurimas Pauliukevicius and senior associate Indrė Vickaitė-Liatukė assisted ASG with Lithuanian law aspects of the investment. Additionally, the company was also advised by White & Case LLP and other legal advisors from various jurisdictions.