TrueNoord announces new majority investor

Specialist regional aircraft lessor TrueNoord announced that Arcus Infrastructure Partners has entered into definitive documentation to take a 74% share of the business, and founding investor Freshstream has agreed to re-invest to hold the remainder.  This is a significant step in the organisation’s growth and will underpin future aircraft portfolio acquisitions with stable capital provision as TrueNoord builds a global leased fleet of Embraer, ATR, Airbus and De Havilland Canada jets and turboprops. Anne-Bart Tieleman Anne-Bart Tieleman, CEO at TrueNoord, said: “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, alongside our previous investors and shareholders, BlackRock, Patria and many others, for the confidence that enabled us to build a super-successful business.  The whole team at TrueNoord embraces this change and the momentum of our future trajectory.” Michael Allen, Partner and Head of Transport at Arcus, said: “We are delighted to have acquired a significant majority stake in TrueNoord, a market-leading transport infrastructure business. 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.” Rayhan Davis, Managing Partner at Freshstream, said: “We are immensely proud of our partnership with TrueNoord and the flightpath we have been on together with Anne-Bart and his team. 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, reflecting our strategy of backing entrepreneurial businesses and their management teams. We are excited to continue the journey and welcome Arcus on board for the next stage.” For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Sally Passey at [email protected]