Loxam S.A.S acquired Lavendon Group for £374 million

Ashurst is advising Deutsche Bank and Rothschild in relation to the £374 million takeover bid by Loxam S.A.S for Lavendon Group plc.

Lavendon is the European and Middle East market leader in the rental of powered access equipment. The company’s equipment enables users to work safely, productively and comfortably at height, whatever the application. From 70 depots in the UK, Continental Europe and the Middle East, Lavendon manages a fleet of almost 22,000 access platform units.

Loxam is the largest equipment rental company in Europe with €838 million of revenues generated in 2015.

Deutsche Bank and Rothschild are acting as joint financial advisers to Loxam in relation to the bid.

The Ashurst team is being led by corporate partner Tom Mercer (picture) and finance partner Tim Rennie, assisted by senior finance associate Sophia Yeung and corporate associate Andrew Mclaren. Derivatives and structured products partner James Coiley is also advising.

Involved fees earner: Tom Mercer – Ashurst; Andrew McLaren – Ashurst; Tim Rennie – Ashurst; Sophia Yeung – Ashurst; James Coiley – Ashurst;

Law Firms: Ashurst;

Clients: Deutsche Bank; Rothschild;