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Eversheds Sutherland advised the Societe Generale Group on tax aspects of the sale of its German Subsidiary PEMA GmbH to TIP trailer Services

  • France
  • General

05-08-2019

PEMA is a rental company with trucks and trailers that manages 19,000 vehicles, employs more than 400 people and operates in 7 countries, including Germany. Since 2008 PEMA has been a member of Societe Generale Equipment Finance, a business unit of the French banking group Societe Generale.

TIP Trailer Services, part of I Squared Capital since 2018, specialises in trailer rental and associated services in Europe and Canada and has a fleet of 70,000 vehicles.

Eversheds Sutherland advised the seller on tax aspects of the transaction, including the sales audit covering 7 countries, removing PEMA from a fiscal unity and the negotiation of the legal documentation. The Eversheds Sutherland team was led by Jacques Mestoudjian, Partner, and made of Jonathan Alis, Associate, in Paris as well as Stefan Diemer, Partner, and Jorg Kaessner, Counsel, in Munich.

Linklaters advised the seller on the corporate aspects while Skadden, Arps, Slate, Meagher & Flom advised the buyer.

Disclaimer

This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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