Market Overview

I Squared Capital Finalized Acquisition TIP Trailer Services

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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.

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