TGS Baltic advised Royalton Partners on the sale of 100% of shares of aircraft ground handling company Litcargus

15.01.2020 TGS Baltic advised Royalton Partners on the sale of 100% of shares of aircraft ground handling company Litcargus

TGS Baltic Partner Aurimas Pauliukevičius advised Central European Airport Services S.A, a company managed by Royalton Partners, on its sale of 100% shares of Litcargus.

Established in 1993, Litcargus is a Lithuanian company providing all standard aircraft, passenger and cargo ground handling services, from passenger check-in to de-icing of aircraft.

Royalton Partners, a private equity firm focused on acquisitions throughout Central and Eastern Europe, acquired Litcargus in 2011. Almost 9 years later, on December 2019, Litcargus was sold to Gateway Airport Services.