M&A Deal Summary

Advent International and Alpha Group Acquire Loxam

On August 1, 1999, private equity firms Advent International and Alpha Group acquired retailer Loxam for 486M EUR

Acquisition Highlights
  • This is Advent International’s 5th and Alpha Group’s 2nd transaction in the Retail sector.
  • This is Advent International’s 31st and Alpha Group’s 8th largest (disclosed) transaction.
  • This is Advent International’s 5th and Alpha Group’s 10th transaction in France.
Investment Fate
  • Loxam was sold to management in 2005.
  • Loxam was sold to a consortium of financial buyers in 2011.

M&A Deal Summary

Date 1999-08-01
Target Loxam
Sector Retail
Buyer(s) Advent International
Alpha Group
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 486M EUR

Target

Loxam

Prais, France
Loxam is a provider in the rental of materials for building, public works, green spaces, services, industry, and events, offers all the equipment and tools for carrying out your work. Loxam was established in 1967 and is based in Prais, France.

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Buyer(S) 2

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 60 of 353
Sector: Retail M&A 5 of 21
Type: Buyout (LBO, MBO, MBI) M&A Deals 41 of 156
Country: France M&A 5 of 17
Year: 1999 M&A 8 of 11
Size (of disclosed) 31 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-01 @Entertainment

Poland

@Entertainment was established in 1998 by Wizja TV, the first Polish provider of satellite television. In 1999 @Entertainment was successfully sold to UPC, a leading European provider of bundled cable television services. In 2002, Wizja TV was incorporated by Cyfra+, the largest Polish digital satellite platform, which offers around 100 channels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-20 Lionbridge AI

Waltham, Massachusetts, United States

Lionbridge Technologies is a provider of translation, development and testing solutions that enable clients to create, release, manage and maintain their technology applications and Web content globally. Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Lionbridge Technologies was founded in 1996 and is based in Waltham, Massachusetts.

Sell -
Buyer

Alpha Group

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Alpha Group is a European private equity firm specializing in LBOs and development capital investments. The Firm seeks to invest in companies throughout Europe, including Germany, Switzerland, Italy, France, and Benelux as well as some eastern European countries. The Firm seeks to commit €50 to €125 million in companies valued between €100 and €500 million. Alpha typically takes majority control and arranges for founders or key managers to co-invest. Sectors of interest include Consumer & Leisure, Fashion & Design, Industrial Manufacturing and Service & Distibution. Alpha Group was formed in 1985 and is based in Paris.


DEAL STATS #
Overall 24 of 78
Sector: Retail M&A 2 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 56
Country: France M&A 10 of 36
Year: 1999 M&A 4 of 4
Size (of disclosed) 8 of 57
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-01 REP International SA

Corbas, France

REP International SA Manufacturer of rubber injection moulding equipment.

Buy €48M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 InterCall

Chicago, Illinois, United States

InterCall Provides telephone conferencing services. The Company was sold to West Corporation in March 2003. Intercall formerly known as Genesys.

Sell -