Private equity firm I Squared Capital has agreed to sell a 25% stake in European transport equipment leasing company TIP Group to Investment Management Corporation of Ontario (IMCO) and GCM Grosvenor, according to a report by Bloomberg.
Financial terms of the deal have not been disclosed, although the report cites unnamed people familiar with the matter as saying that the transaction implies an enterprise valuation of nearly €4bn for the Amsterdam-based company.
The investment marks the entry of...
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