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 […]
City Link has ordered 86 Cartwright-built double-deck trailers as part of its fleet replacement cycle.
Fraikin has placed a £4m order for Euro-6 Iveco trucks for its rental division.
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.