TGS Baltic advised LitCapital on selling NNL LT, a leading temperature-controlled goods company in Lithuania and Latvia

23.06.2020 TGS Baltic advised LitCapital on selling NNL LT, a leading temperature-controlled goods company in Lithuania and Latvia

TGS Baltic assisted private equity fund LitCapital on selling NNL LT – region‘s leading logistics service provider focused on temperature-controlled goods.

LitCapital invested in NNL LT in 2012 and now the shares of company were sold back to the founders. Since the acquisition, the group’s annual revenue quadrupled and EBITDA  more than doubled. Consolidated group’s revenue of the business exceeded EUR 20 million in 2019, in comparison to  EUR 5 million  in 2012.

In this transaction, the seller was advised by TGS Baltic partner and head of Private equity and venture capital industry group Aurimas Pauliukevičius.

In 2019, TGS Baltic also advised the fund on the exits from Baltik vairas and Medicinos Paslaugų Grupė.