The first AAA-rated monoline securitisation deal since the credit crisis hit the market last summer has been launched by Fraikin Group, a European truck-leasing and fleet-management company.
The Group was acquired by investment company CVC Capital Partners in February 2007. The EUR800 million deal has facilitated the partial takeout of CVC's bridge acquisition financing and funds a five-year EUR250 million credit facility to enable the expansion of Fraikin's fleet.
"This is Fraikin's second securi
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