Fraikin Group acquired by consortium

Fraikin Group, the provider of services and investment solutions for commercial and industrial vehicles in Europe, has announced the completion of the acquisition of its parent company FTI by a consortium led by Alcentra and Värde Partners. Following this transaction, the group will be recapitalised. Its holding debt will be significantly reduced by around €500 million.

The new board of directors held its first meeting earlier this week. CEO Pierre-Louis Colin said: "Fraikin is embarking on a new phase with this agreement to restructure the group's debt and arrange this controlling interest transaction. I am pleased and proud to continue the work that we have been doing for years. We now have all of the necessary ingredients to go forward and propose a bold, long-term strategic plan that harnesses the full potential of the company."

In 2017, Fraikin achieved its third consecutive year of growth based on strong performance in countries where the group has long been present, such as France, Spain, the United Kingdom and Poland. Performance in new markets, such as Italy, Germany and Saudia Arabia was strong, too. More recently, Fraikin opened a new subsidiary in Dubai.

Fraikin also revealed its new visual branding that it says is backed up by the company's four core values: reliability, responsibility, smart and expertise.

Image: new Fraikin branding