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 […]
Fraikin believes the DVSA’s earned recognition scheme can deliver improvements in vehicle uptime for operators.
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.
City Link has ordered 85 new Lawrence David single-decker trailers in the second stage of its strategy to update 40% of its trailer fleet by the summer. Hayley Pink