I Squared Capital has agreed to sell a 25% minority interest in TIP Group, a major European transportation equipment leasing and services firm, to the Investment Management Corporation of Ontario (IMCO) and GCM Grosvenor. TIP Group, headquartered in Amsterdam, manages a fleet of approximately 90,000 trailers, trucks, and specialized equipment across 17 countries.

Since I Squared's acquisition in 2018, TIP has undergone significant transformation, expanding its operations, enhancing its maintenance network, and investing in fleet upgrades and digital solutions like its platform, Viamanta. The company has more than doubled both its revenue and EBITDA during this period.

Mohamed El Gazzar of I Squared Capital highlighted TIP as an example of their platform-building strategy, expressing confidence in continued growth with the new partners. Matthew Mendes of IMCO noted TIP's alignment with their infrastructure investment focus, and Ravi Parekh from GCM Grosvenor anticipates TIP capitalizing on its strong foundation.

The transaction, expected to close in 1Q27, is subject to customary closing conditions and regulatory approvals. Financial terms were not disclosed. J.P. Morgan Cazenove and UBS advised I Squared, with legal counsel provided by Simpson Thacher & Bartlett LLP.