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 rental company Fraikin has made its biggest annual purchase of rental vehicles in a decade, with a three-phase order plan worth £13m for 2015 already underway.
DVSA has published the names of the first operators taking part in its flagship earned recognition pilot, with Wincanton, DPD and John Lewis among the 20-strong cohort.
Refrigerated-rental firm Petit Forestier is to buy leasing and rental provider Fraikin in a deal that will create a European player with combined sales of €1.3bn (£1.09bn).