Portfolio
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 of more than €840m and has a fleet of equipment totaling 200,000 items across 1,000 product types.
Investment Overview
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 abroad. 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.
The investment also ensured the liquidity of Loxam’s employee shareholder scheme, in turn, strengthening the equity of the company to facilitate significant acquisitions.
In the ten months since we invested, Loxam has successfully completed the acquisition of Locarest, France's fifth largest player in professional equipment rental. This strategic acquisition notably doubled Loxam's market share in North Eastern France and drove synergies from commercial and backoffice operations.