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 €830m and has a fleet of equipment totaling 220,000 items across 1,000 product types.
We invested for a minority share in 2011 because we were attracted to Loxam’s resilience during the economic crisis and its growth potential. In recent years, the company’s development has focused on organic growth and strategic acquisitions in France and Europe. Our global network and extensive sector expertise are helping accelerate the company’s growth strategy by further increasing Loxam’s profile and presence across Europe.
Our investment also enabled the liquidity of Loxam’s employee shareholder scheme, in turn, strengthening the equity of the company to facilitate significant acquisitions.
Since our investment, Loxam has successfully completed the acquisition of Locarest, France's 5th largest player in professional equipment rental. This strategic acquisition doubled Loxam's market share in North Eastern France and drove synergies in the commercial and back office operations.
In 2013, we assisted Loxam in its refinancing strategy to successfully raise a high yield bond of €300m to pursue the external growth of the Group.
Regulatory notice: This transaction involved a recommendation of 3i Investments plc, advised by 3i France.
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