Rental and leasing firm Fraikin Group has been acquired by a consortium – a move that follows the collapse last year of Fraikin’s deal to become part of Petit Forestier. Frakin’s parent company FTI has been purchased by a consortium lead by asset management firm Alcentra and global alternative investment adviser Värde Partners, the company said in a statement. Following this transaction, the group will be recapitalized, with a significant reduction of its holding debt by approximately €500m (£436m), Frakin said. Pierre-Louis […]
Commercial vehicle fleet services supplier Fraikin has signed a new two-year contract with grocery retailer Sainsbury’s to manage the supermarket’s home delivery fleet in southern England.
Fraikin believes the DVSA’s earned recognition scheme can deliver improvements in vehicle uptime for operators.
The head of Fraikin UK has said Petit Forestier’s decision to abandon its plans to buy his leasing firm will not affect the business.