Arcus Infrastructure Partners acquires majority stake in TrueNoord

Arcus Infrastructure Partners agreed to acquire approximately 74% of TrueNoord, a leading specialist lessor of regional aircraft operating across Europe and North America, for an undisclosed sum. The transaction marks Arcus' second investment in its AEIF4 fund, which reached a €3bn hard cap in December 2025. TrueNoord manages a fleet of 111 turboprop and regional jet aircraft leased to 37 airlines across 25 countries under long-term agreements of up to 15 years. The company's modern, fuel-efficient fleet and disciplined fleet management have demonstrated resilience through economic cycles, including the COVID-19 pandemic, with high fleet utilization and strong lease renewal dynamics. Arcus highlighted TrueNoord's critical role in providing socially and economically essential medium-haul connectivity, supported by constrained new-build supply and growing demand for asset-light fleet solutions. The deal is expected to close by Q3 2026, subject to regulatory and other conditions precedent, with multiple financial and legal advisors engaged in the transaction.

Counterparts (10)

Buyer

Arcus Infrastructure Partners

company · 4 deals

London-based independent infrastructure fund manager with c.€19 billion in assets under management, investing in European mid-market infrastructure assets across transport, digital, energy, and utilities sectors.

Seller

T

TrueNoord

company · 1 deals

parent_company

A

Arcus European Infrastructure Fund 4 SCSp

company · 1 deals

Buy-Side Advisor

P

PWP

company · 1 deals

I

IBA

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PwC

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PwC is a global professional services network generating over $50 billion in annual revenue across 150+ countries, providing assurance, tax, and advisory services. Its infrastructure practice offers M&A, financing, and strategic consulting to public and private sector clients worldwide.

Deloitte

company · 1 deals

Deloitte Touche Tohmatsu Limited, a global professional services network, reported FY2023 revenue of $64.9 billion, providing audit, consulting, advisory, and tax services across 150+ countries. Its infrastructure practice advises public and private sector clients on project finance, M&A, and strategy in energy, transport, and digital infrastructure.

AON

company · 2 deals

Aon is a global professional services firm providing a broad range of risk, retirement, and health solutions. With approximately 50,000 employees worldwide, it advises clients across various industries, including infrastructure, on managing risk, optimizing human capital, and securing insurance solutions.

Buy-Side Legal

Freshfields

company · 1 deals

Freshfields is a global law firm that provides legal counsel and strategic advice to businesses. They help clients manage risk and capitalize on opportunities across various industries.

W

Weil, Gotshal & Manges LLP

company · 1 deals