TrueNoord, a specialist regional aircraft lessor, has announced that infrastructure investor Arcus Infrastructure Partners has entered into definitive documentation to acquire approximately 74% of the business, with founding investor Freshstream agreeing to reinvest to retain the remaining 26%. The transaction marks a significant ownership transition for TrueNoord as it enters its next phase of growth, backed by stable, long-term infrastructure capital.
TrueNoord has grown over nearly a decade from a fleet of three aircraft into one of the world’s largest pure-play regional aircraft lessors, building a global leased fleet of Embraer, ATR, Airbus, and De Havilland Canada jets and turboprops. The company provides critical connectivity across dozens of cities and nations worldwide. The new capital structure will underpin future aircraft portfolio acquisitions and broader fleet expansion.
Arcus Infrastructure Partners is a specialist infrastructure investor with deep experience in the transport sector. Freshstream, the founding investor, has backed TrueNoord since its inception and will remain a shareholder following the transaction. Previous investors included BlackRock and Patria. The transaction is subject to customary conditions with closing expected in approximately two months.
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“We are delighted to welcome Arcus Infrastructure Partners as our new long-term investor to facilitate our growth in the 50-150 seat regional aircraft leasing sector. They are investing in our business development expertise, our knowledgeable and experienced team, as well as our dynamic brand. Over the past 10 years we have steadily become one of the world’s leading specialist lessors, and I would like to thank Freshstream for their instrumental role in backing us from the start.”
Anne-Bart Tieleman, CEO, TrueNoord
“Anne-Bart and team have done a phenomenal job building the TrueNoord platform over almost a decade, and the regional aircraft which they own and lease provide critical connectivity across dozens of cities and nations worldwide, powering economic and social development. We are excited to partner with the team for the next stage of their growth journey.”
Michael Allen, Partner and Head of Transport, Arcus Infrastructure Partners
“From a fleet of just three aircraft to one of the largest pure play regional aircraft lessors in the world, TrueNoord’s trajectory has been exceptional. We are excited to continue the journey and welcome Arcus on board for the next stage.”
Rayhan Davis, Managing Partner, Freshstream
