Our focus is to strengthen our leadership position within the transportation and logistics industry by continuously improving our service offerings, diversifying our portfolio and further expanding our network, in order to continuously deliver value to our customers around the world.
I Squared Capital Finalized Acquisition TIP Trailer Services
AMSTERDAM, 7 August 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.
I Squared Capital to Acquire TIP Trailer Services
LONDON, 9 May 2018: I Squared Capital, an independent global infrastructure investment manager, has signed an agreement through its ISQ Global Infrastructure Fund II, to acquire a 100 percent interest in TIP Trailer Services, a leading pan-European and Canadian trailer leasing and services company, from HNA Group (International) Company Limited.
TIP Trailer Services Releases Its 2017 Annual Report
AMSTERDAM, 9 March 2018 (BUSINESS WIRE): On 9 March 2018, TIP Trailer Services releases its 2017 annual report. In his letter to stakeholders, Bob Fast, CEO, drew attention to strong underlying trading performance in growing markets, as well as to the business’s 50 year anniversary.
TIP Trailer Services Announces the Successful Refinancing of its ABS program
AMSTERDAM, 21 September 2017(BUSINESS WIRE): On 21 September 2017, TIP Trailer Services announced that it had successfully refinanced its Asset Backed Securitisation (ABS) program. The Pan-European program was originally established in 2014 and is a securitisation structure common under Dutch law for operating leases. The new program will run until March 2019.
TIP Trailer Services Refinances Its Revolving Credit Facility
AMSTERDAM, 5 February 2019: TIP Trailer Services, a portfolio company of I Squared Capital, has successfully refinanced its existing Revolving Credit Facility (RCF), increasing it from €700 million to €967 million while obtaining reduced margins and extra flexibility. The funding round was substantially oversubscribed, and the facility is now a syndication of ten leading banks and a maturity of five years with optional extensions of one to two years.
TIP Trailer Services Successfully Refinances its ABS Programme
AMSTERDAM, 13 March 2019 – On 8 March 2019, TIP Trailer Services, a portfolio company of I Squared Capital, successfully refinanced its Asset Backed Securitisation (ABS) programme. The Pan-European programme was originally established in 2014 and refinanced once in 2017. The new programme will now run until March 2020.
TIP Trailer Services Releases its 2018 Annual Report
AMSTERDAM--(BUSINESS WIRE)--In his letter to stakeholders, Bob Fast, CEO, drew attention to strong underlying trading performance in growing markets: “We had another year of strong execution, growing revenue by 9% to €565m. We continue to retain and attract new customers while improving our operational delivery.
TIP Trailer Services Releases its 2020 Annual Report
AMSTERDAM, (BUSINESS WIRE): In his letter to stakeholders, Bob Fast, CEO, emphasizes a year of transformation and integration in which we managed to leverage our scale to improve EBITDA and strong operating profit.
Extension of TIP Revolving Credit Facility (RCF) and Raising Additional Money
The existing Revolving Credit Facility (RCF) was increased from €1,150.5 million to €1,196.75 million with no change in pricing or structure and extends the maturity by 2 years. The RCF facility was initially established in 2014 for five years with three banks in the syndicate and a total amount of €300 million. The facility was refinanced in December 2018 maturing in December 2023. The facility has now been increased to €1,196.75 million maturing December 2025.
TIP also raised additional €150 million in the private placement term debt market for a 5-year tenor. The term debt was raised for the first time in November 2019 for €274.5 million for a 7-year tenor