HNA Group, a global Fortune 500 company focused on aviation and tourism, logistics and financial services, has announced an agreement to sell TIP Trailer Services, a equipment service provider, to I Squared Capital, an independent global infrastructure investment manager, the company said.
Headquartered in Amsterdam and operating in 17 countries, TIP is one of the companies in its field in markets across Europe including Germany, the UK, Italy, France, Spain and the Benelux countries, as well as in Canada. It has a fleet of over 66,000 trailers and 86 trailer service centers serving approximately 7,700 customers, including numerous global logistics operators and retailers.
HNA´s co-investor in the initial investment was Bravia Capital of Hong Kong.
EH Global Capital is serving as financial advisor to HNA Group, and CMS is acting as its legal advisor. Linklaters is legal adviser to I Squared Capital.
HNA Group is a global Fortune 500 company focused on tourism, logistics, and financial services. Since its founding in 1993, HNA Group has evolved from a regional airline based on Hainan Island in southern China into a global company with over USD 145 billion in assets and more than USD 100 billion in annual revenues based on 2017 figures, primarily across America, Europe and Asia. For more information, visit www.hnagroup.com.