Business · Companies · 6 hrs ago
Asterion agrees to buy French vehicle rental company Fraikin for about €2bn
Spanish fund Asterion has agreed to buy French rental company Fraikin in a deal valued at about €2 billion.
Fraikin rents vans and trucks and manages more than 50,000 vehicles across 10 countries.
The company generates about €1 billion in revenue and has a strong presence in Spain.
Asterion won the sale process ahead of bidders including Apollo, Stonepeak and DWS.
The acquisition would be Asterion’s second largest, expanding its investments in transport and mobility.
The deal could close in the first quarter of 2027.
Asterion Industrial Partners has agreed to buy French vehicle rental company Fraikin in a deal valued at about €2 billion, according to market sources cited by Expansión.
The acquisition would give the Spanish infrastructure fund control of a fleet of more than 50,000 vehicles across 10 countries.
Fraikin generates about €1 billion in revenue.
The deal could close in the first quarter of 2027.
The acquisition would expand Asterion’s presence in transport and mobility.
- Who
- Spanish infrastructure fund Asterion Industrial Partners and French vehicle rental company Fraikin.
- What
- Asterion has agreed to acquire Fraikin in a deal valued at about €2 billion.
- When
- The agreement was reported on October 13, 2026. The deal could close in the first quarter of 2027.
- Where
- Fraikin is based in France and operates in 10 countries.
- Why
- The acquisition would expand Asterion’s presence in transport and mobility.
This story does not have two clearly opposing sides.
Fraikin’s current owners took control after a debt restructuring and an injection of new capital.
Expansión reported that Asterion had agreed to acquire Fraikin.
The deal could close.
- Deal value
- About €2 billion
- Fleet
- More than 50,000 vehicles
- Operating reach
- 10 countries
- Revenue
- About €1 billion
- Potential closing
- First quarter of 2027
Sources
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