Asterion Industrial Partners to acquire Fraikin

Asterion Industrial Partners has entered into an exclusive agreement to acquire Fraikin, a pan-European provider of commercial vehicle leasing and fleet management services. The acquisition involves purchasing the company from its majority shareholders: affiliates of Benefit Street Partners, Värde Partners, and Canyon Partners. Financial terms of the deal were not disclosed.

Fraikin operates across 10 European countries, managing a fleet of more than 50,000 commercial vehicles with a gross book value of approximately €3 billion. The company generates nearly €1 billion in annual revenue, serving sectors such as logistics, utilities, healthcare, and public services.

The transaction is expected to close in the first quarter of 2027, pending regulatory approvals and the completion of works council consultation processes. Under Asterion’s ownership, Fraikin intends to invest in its fleet, maintenance networks, and digital capabilities, while supporting customer transitions toward lower-emission vehicles.