Herbert Smith Freehills (HSF) is pleased to be advising I Squared Capital (I Squared) on its proposed acquisition of Australian truck and trailer leasing business Rentco Transport Equipment Rentals (Rentco).
I Squared Capital, a leading global infrastructure investment manager, announced earlier this month that it has signed a definitive agreement, through its ISQ Global Infrastructure Fund III, to acquire Rentco, a leading transport equipment leasing company in Australia providing flexible equipment rental options. I Squared has committed a further AUS $300 million to promote Rentco’s growth across the country and pursue new trailer leasing opportunities.
Ying Yi Soh said, “It has been an absolute pleasure working with the I Squared team, and we are delighted to be assisting I Squared in implementing their strategy of expanding its presence in Australia.”
This deal is another example of Herbert Smith Freehills’ market-leading work advising private capital clients on a wide variety of transactions. Other recent examples include advising QIC Private Capital on its conditional agreement with Vector (NZX: VCT) to buy 50% of Vector’s New Zealand and Australian smart metering business, and Sydney Aviation Alliance (SAA) — the Australian-led consortium comprising IFM Australian Infrastructure Fund, AustralianSuper, Australian Retirement Trust, IFM Global Infrastructure Fund and Global Infrastructure Partners — on its A$32 billion (EV) acquisition of Sydney Airport.