Asterion in exclusive talks to buy truck lessor Fraikin

Fraikin's majority owners Benefit Street Partners, Värde Partners and Canyon Partners entered an exclusive agreement with Asterion Industrial Partners over a contemplated acquisition of the pan-European commercial vehicle leasing group. Fraikin generates about €1 billion in revenue and runs a fleet with a gross book value of roughly €3 billion; no price was disclosed.

Why it matters: Infrastructure investors are increasingly treating fleet leasing as essential infrastructure, with decarbonization as the growth pitch.