May 9, 2018 / 12:45 PM / 2 months ago

I Squared Capital to buy Dutch trailer leasing firm TIP from China's HNA

AMSTERDAM, May 9 (Reuters) - British private equity firm I Squared Capital said on Wednesday it has agreed to buy TIP Trailer Services, a European and Canadian trailer leasing company, from Hong Kong’s HNA Group.

Terms were not dislosed. According to TIP’s annual report, the Amsterdam-headquartered company had sales of 517 million euros ($614 million) in 2017. ($1 = 0.8422 euros) (Reporting by Toby Sterling, editing by Louise Heavens)

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