Asterion Industrial Partners Agreed to Acquire Fleet Leasing Group Fraikin From Benefit Street, Värde and Canyon
Tuesday, October 13, 2026 · first reported by HedgeCo Insights
Asterion Industrial Partners has signed an exclusive agreement to buy Fraikin, a pan-European commercial vehicle leasing and fleet management business. The sellers are affiliates of its majority shareholders Benefit Street Partners, Värde Partners and Canyon Partners. Financial terms were not disclosed.
Fraikin was founded in France in 1944, works in 10 European countries and manages over 50,000 vehicles. Asterion says revenue is close to €1 billion. Closing is expected in the first quarter of 2027, pending regulatory approvals and works council processes. BofA Securities and Lazard advised the sellers and management, with Latham & Watkins as legal counsel.
- Also named
- Fraikin, Benefit Street Partners, Värde Partners, Canyon Partners
- Asset class
- Infrastructure
- Geography
- Europe
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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