Asterion beats Apollo to buy Freikin for €2bn
The Spanish fund will control a European rental fleet of 50,000 vans and trucks.
Asterion Industrial Partners, a Spanish infrastructure fund, is set to acquire French van rental company Fraikin in a deal worth around 2,000 million euros. Fraikin manages over 50,000 vehicles across ten countries, generating 1 billion euros in revenue, and has a significant presence in Spain. The acquisition, expected to be completed in the first quarter of 2027, marks Asterion's second-largest purchase in its eight-year history.
The deal was facilitated by Lazard, with Asterion beating out other bidders including Apollo, Stonepeak, and DWS.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
