CMS advises on high-profile TIP Trailer Services sale

International law firm CMS Cameron McKenna Nabarro Olswang has advised HNA Group, a global conglomerate focused on aviation, tourism, logistics and financial services, on the sale of TIP Trailer Services to I Squared Capital, an independent global infrastructure investment manager. TIP Trailer Services is one of the leading 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 centres serving approximately 7,700 customers, including numerous global logistics operators and retailers.

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 $145 billion in assets and more than $100 billion in annual revenues based on 2017 figures, primarily across America, Europe and Asia.

Graham Conlon, who led CMS’ advice on the deal, comments: “We are delighted to have worked with HNA on this high profile sale – a transaction which involved over 40 CMS lawyers who worked across time-zones and under extreme pressure to ensure the deal completed on time.”

The CMS team was led by Graham Conlon and Valentina Santambrogio, with invaluable assistance from Jamie Burgess, Julian Goering, Nicole Gyring-Nielsen, Leo Mikros, Jennifer Tambe, Alan Omogbai, Diana Pysarenko, Elena Andrei, Jennifer Smith, Charlotte Holder, Theodora-Svetlana Sarkisian, Jennifer Watt, Simon Howley, Aaron Fairhurst, Jason Todd, Katy Baker, Caroline Hobson, John Kontogeorges, Jenny Allan, Caroline Barr, Ana Radnev, Shirley Lau, Vivian Tse, Ophelia Ma, Stephanie Shing, Calvin Leung, Martijn van der Bie, Elisabeth Von Meijenfeldt, Kirsten van Vliet, Christian Delgado, Eduard Scheenstra, Barbara Veldmaat, Tim Wilms, Gilbert Josking, Tjeerd Hoekstra, Jean Thomas Heintz, Francois Coutard, Marie Debruyne and Tristan Poncet.