Nature of Business
Established in 1967, Loxam is a pioneer in rental equipment for the construction and civil engineering industries. In 1997, the business made its first acquisition abroad and the company now employs nearly 4,300 people across c.600 branches in 11 countries.
The company currently has a turnover in excess of c€900m and has a fleet of equipment totalling 200,000 items across 1,000 product types.
We invested for a minority share in 2011 and our global network and extensive sector expertise is helping to accelerate the company’s growth strategy by further increasing Loxam’s profile and presence across Europe.
Since our investment, Loxam has successfully completed the acquisitions of Hertz and Locarest, respectively the #3 and #5 player in France, more than doubling Loxam’s market share in North Eastern France, as well as 2 acquisitions in the Netherlands and Denmark to continue the international growth of Loxam.
In 2013 and 2014, we assisted Loxam in its refinancing strategy to successfully raise two high yield bonds of €300m and €660m respectively to pursue the external growth of the Group.
Regulatory notice: This transaction involved a recommendation of 3i Investments plc, advised by 3i France.