AMSTERDAM–(BUSINESS WIRE)–

I Quared Capital verwierf 100 procent van TIP Trailer Services per 1 augustus 2018

I Squared Capital (ISQ), een onafhankelijke wereldwijde beheerder van investeringen in infrastructuur, heeft de acquisitie afgerond via haar ISQ Global Infrastructure Fund II, en heeft 100 procent belang verworven in TIP Trailer Services, een van de leidende pan-Europese en Canadese trailer lease- en servicebedrijven, van HNA Group (International) Company Limited. Alle vereiste goedkeuringen van de regelgevende instanties werden verkregen, de voorwaarden voor de sluiting werden vervuld en de verkoop werd succesvol afgerond op 1 augustus 2018.

Bob Fast, CEO van TIP Trailer Services, verklaarde: “De bedrijfsleiding van TIP en ik zijn zeer verheugd om deze volgende fase in de toekomst van ons bedrijf aan te vatten en we blijven overtuigd van de voordelen die het zal opleveren voor onze klanten, onze partners en onze nieuwe aandeelhouder”.

I Squared Capital Finalized Acquisition TIP Trailer Services

AMSTERDAM–(BUSINESS WIRE)–

I Squared Capital acquired 100 percent of TIP Trailer Services per August 1^st 2018

I Squared Capital (ISQ), an independent global infrastructure investment manager, has finalized the acquisition through its ISQ Global Infrastructure Fund II, and acquired 100 percent interest in TIP Trailer Services, one of the leading pan-European and Canadian trailer leasing and services company, from HNA Group (International) Company Limited. All regulatory approvals required have been obtained, closing conditions have been met and the sale has been successfully completed per August 1, 2018.

Bob Fast, CEO of TIP Trailer Services commented,” TIP’s Senior Leadership team and I are very excited to be undertaking this next phase in our company’s future and we remain convinced of the benefits that it will bring to our customers, our partners and our new shareholder.”

Our TIP 2020 strategy remains focused on our customers’ needs and we continue to build on the key pillars which support our success. Our excellent market position across Europe gives us a foundation upon which to expand our footprint globally, particularly in North America. We also continue to expand our range of assets to accommodate the needs of our customers supported by the highest service standards delivered by our extensive network and customer platform.

“I would like to thank all TIP staff in every function and every region for driving the success we have had over the past years and give us the confidence to be successful in the future.” concluded Bob Fast.

Notes to the Editor:

About I Squared Capital

I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecommunications and transport in the Americas, Europe, and Asia. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.

About TIP Trailer Services

TIP Trailer Services is one of Europe and Canada’s leading equipment service providers. TIP Trailer services specializes in trailer leasing, rental, maintenance and repair, as well as other value-added services and provide these to transportation and logistics customers across Europe and Canada. Headquartered in Amsterdam, TIP services their customers from 86 locations spread over 17 countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180807005054/en/

Contacts

Media Contacts for TIP Trailer services
Kapil Sharma
Investor Relations Director – Amsterdam
T +31 20 504 1677
E kapil.sharma@tipeurope.com
or
Marc Aandeweg
VP Sales & Marketing – Amsterdam
T +31 20 504 1767
E marc.aandeweg@tipeurope.com