I Squared-backed TIP Trailer to acquire PEMA from Societe General.

I Squared Capital-backed TIP Trailer Services, a company specialized in operational leasing of transportation equipment in Europe and Canada, agreed to acquire PEMA, a truck and trailer rental company, from Societe General. Financial terms were not disclosed. “This transaction illustrates the dynamic management of the Group's business portfolio and is another step in the execution of its refocusing program. Societe Generale will pursue its strategy of profitable growth in equipment finance and leasing through its subsidiaries ALD and Societe Generale Equipment Finance,” Philippe Heim, Societe Generale Deputy Chief Executive Officer of group in charge of International Retail Banking activities, Financial Services and Insurance.