Fraikin Groupe To Go Public

Fraikin Groupe SA, a France-based truck leasing company, plans to raise up to Euro 520.7 million via an IPO that would value the company at over Euro 1.6 billion. Eurazeo is the company’s majority shareholder, with other backers include Rhone Group, Pragma Capital and WestLB. The move comes one month after a La Tribune report that Terra Firma Capital Partners, CVC Capital and Cinven had offered to buy Fraikin for around Euro 1.5 billion.