M&A Deal Summary

I Squared Capital Acquires TIP

On August 7, 2018, infrastructure investor I Squared Capital acquired business services company TIP from HNA Group Co.

Acquisition Highlights
  • This is I Squared Capital’s 1st transaction in the Business Services sector.
  • This is I Squared Capital’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2018-08-07
Target TIP
Sector Business Services
Buyer(s) I Squared Capital
Sellers(s) HNA Group Co.
Deal Type Divestiture

Target

TIP

Amsterdam, Netherlands
TIP is 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. TIP was founded in 1968 and is based in Amsterdam, Netherlands.

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Buyer(S) 1

DESCRIPTION

I Squared Capital is a global infrastructure investment manager focusing on energy, utilities, and transportation assets in North America, Europe, and select high growth economies. I Squared Capital was established in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 12 of 53
Sector: Business Services M&A 1 of 5
Type: Divestiture M&A Deals 5 of 7
Country: Netherlands M&A 1 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Inkia Energy

Lima, Peru

Inkia Energy provides power generation, transmission, and distribution across Central and Latin America. Inkia Energy is based in Lima, Peru

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-09 Lincoln Clean Energy

Chicago, Illinois, United States

Lincoln Clean Energy LLC is a U.S.-based developer, owner and operator of wind farms. LCE has developed over 1.8 GW of renewable power projects in California, New Jersey and Texas. In 2017, LCE was the largest non-utility wind developer in the U.S

Sell $580M

Seller(S) 1

SELLER

HNA Group Co.

Haikou, China

Category Company
Founded 2000
Sector Diversified
Employees180,000
Revenue 25.0B USD (2014)
DESCRIPTION

HNA Group Co. Ltd. is a conglomerate encompassing core divisions of aviation, holdings, capital, tourism and logistics.


DEAL STATS #
Overall 1 of 3
Sector: Business Services M&A 1 of 2
Type: Divestiture M&A Deals 1 of 3
Country: Netherlands M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Hilton

McLean, Virginia, United States

Hilton is a global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. Hilton was founded in 1919 and is based in McLean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 gategroup

Zurich, Switzerland

gategroup is an independent provider of products, services, and solutions related to a passenger’s onboard experience. gategroup specializes in catering and hospitality, provisioning and logistics; and onboard products and services to companies that serve people on the move. gategroup was formed in 2008 and is based in Zurich, Switzerland.

Sell -