Fraikin

Paris – October 12, 2026 -- Asterion Industrial Partners has entered an exclusive agreement on the contemplated acquisition of Fraikin, a pan-European commercial vehicle lessor with about €1 billion in revenue and a fleet gross book value of roughly €3 billion. The sellers are affiliates of Fraikin's ultimate majority shareholders: Benefit Street Partners, Värde Partners and Canyon Partners. The announcement does not state a purchase price.

Fraikin's multi-year transformation precedes the sale

Fraikin management says the business has completed a multi-year transformation that improved financial performance and resilience across its European markets. The group manages more than 50,000 vehicles across ten European countries. Its customers include healthcare, food distribution, utilities, waste management, logistics and public services.