TrueNoord has diclosed that investor Arcus Infrastructure Partners has firmly agreed to acquire an approximate 74% stake in the business, while founding investor Freshstream will re-invest to retain the remaining share. The move marks a significant step in the company’s growth, providing stable capital to support future aircraft acquisitions as TrueNoord continues to build a global leased fleet of Embraer, ATR, Airbus and De Havilland Canada jets and turboprops.
Anne-Bart Tieleman, CEO of TrueNoord, expressed delight in welcoming Arcus Infrastructure Partners as a new long-term investor, highlighting its role in supporting the company’s growth in the 50–150 seat regional aircraft leasing sector. She stated: “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, commented: “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, proudly acknowledged the strength of the partnership with TrueNoord and the progress achieved alongside 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.”
