Who Owns Loxam Company?

Who really owns Loxam?

The 2019 €970m acquisition of Ramirent transformed Loxam into Europe’s largest equipment-rental group and the fourth largest globally, shifting it from regional to multinational scale. Ownership remains concentrated, favoring long-term stability and rapid consolidation over public-market pressures.

Founded in 1967 in Hennebont and now based in Puteaux, Loxam runs 1,000+ branches across 30 countries; 2025 revenues were about €2.8bn with an EBITDA margin near 34%. Key owners include founding-family interests and strategic private-equity partners focused on control and growth. See Loxam Porter's Five Forces Analysis

Founded in 1967 in Brittany, Loxam began as a cooperative owned by several regional construction and civil engineering firms pooling equipment rather than a single entrepreneur; equity was split among founding companies with no majority holder.

Cooperative origins

A group of regional builders created a captive rental arm to share heavy equipment for projects across Brittany.

Utility-first ownership

Initial structure prioritized operational utility over external profit, serving shareholders' construction needs.

Gerard Deprez arrival

Deprez joined in 1986 and identified potential for an independent rental market beyond the cooperative model.

Management buyout 1987

The 1987 MBO shifted equity from founding firms toward management and financial backers, consolidating control for growth.

Voting rights consolidation

Early agreements concentrated voting rights to enable rapid geographic expansion in late 1980s–early 1990s.

Rebranding to Loxam

By 1994 the company adopted the Loxam name to reflect its commercial growth and international ambitions.

Transitioning from a cooperative to a commercially driven rental group, Loxam's early ownership evolution set the stage for later private equity investments and an ownership structure centered on management and institutional backers; see Mission, Vision & Core Values of Loxam.

Key facts

Founders and early ownership milestones that shaped Loxam's corporate trajectory.

• Founded 1967 as a cooperative of regional construction firms in Brittany
• No single founding majority owner; equity shared among firms
• Gerard Deprez joined 1986; led 1987 management buyout
• Rebranded to Loxam in 1994 as focus shifted to commercial expansion

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Key events shaping Loxam ownership include the management buyout led by Gérard Deprez, major acquisitions of Lavendon (2017) and Ramirent (2019), and a pivotal €130 million investment by Tikehau Capital in 2020; these moves reinforced a management-led, private-equity-backed structure with heavy debt financing.

The current ownership structure of Loxam Group centers on Loxam Holding—Gérard Deprez and family—holding a controlling interest, estimated at over 80% of voting equity, while Tikehau Capital and other institutional investors hold minority positions and bond exposure that shape financial governance.

Ownership Snapshot

Management-led control with private-equity support and significant institutional debt influence defines Loxam ownership today.

• Loxam majority owner: Gérard Deprez family via Loxam Holding
• Significant minority investor: Tikehau Capital (≈€130m invested in 2020)
• Debt stakeholders: bondholders and banks with covenants over a €4.5 billion debt load
• Acquisitions (Lavendon 2017, Ramirent 2019) financed by equity + debt

For more on strategic and ownership implications, see Marketing Strategy of Loxam.

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The current Board of Directors of Loxam is chaired by Gerard Deprez, who holds the dual role of Chairman and CEO; the board mixes Deprez family members, long-tenured executives, and minority investor representatives, notably from Tikehau Capital.

Loxam operates as a Simplified Joint Stock Company (SAS) under French law, enabling flexible governance and concentrated voting control that supports swift decision-making and a sustained M&A strategy.

Board composition and voting control

The Deprez family retains dominant voting power, aligning ownership with executive leadership to preserve the long-term industrial project and insulate strategy from market volatility.

• Voting power concentration: Deprez family exercises effective control over strategic decisions, including mergers and capital structure.
• Corporate structure: SAS status permits tailored voting arrangements without public dual-class share mechanisms.
• Minority protection: Minority investors such as Tikehau Capital hold board representation but limited sway on core strategy.
• Governance outcome: No recent proxy battles or activist interventions; debt managed to support growth and acquisitions.

For context on Loxam ownership history and corporate evolution see Brief History of Loxam.

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Between 2022 and 2025 Loxam’s ownership profile emphasized deleveraging and green-transition financing rather than equity changes, with the Deprez family maintaining control while the company refinanced debt and issued sustainability-linked bonds tied to carbon targets.

Industry consolidation and acquisition-driven growth by competitors prompted Loxam to pursue bolt-on deals while prioritizing leadership succession and maintaining the Deprez family stake amid a ~45% share of small-to-medium rental fleet now electric or hybrid.

Deleveraging and refinancing

Loxam completed multiple refinancings to extend maturities and reduce cost of debt, including sustainability-linked instruments in 2024 and 2025 that link pricing to emissions targets.

Equity remained private

The Deprez family remained the majority owner with no significant stake dilution despite capital expenditure for electrification of the fleet.

Acquisition strategy

Loxam acquired smaller regional players in Brazil and the Middle East to diversify revenue beyond Europe, aligning with sector consolidation trends led by larger rivals.

Leadership and IPO prospects

Despite being viewed as an IPO candidate given 2025 scale and revenues, the Deprez family signalled no immediate listing; Stephane Deprez has taken expanded leadership duties to preserve family control.

For more context on market positioning and target segments consult Target Market of Loxam.

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