Who Owns OVHcloud Company?

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Who Owns OVHcloud?

Understanding a company's ownership is key to grasping its strategic direction and accountability. OVHcloud's ownership structure evolved significantly following its IPO on Euronext Paris in October 2021. Founded in 1999 by Octave Klaba and his family, the company, initially OVH, rebranded to OVHcloud in 2019.

Who Owns OVHcloud Company?

The founders' vision of a global cloud provider focused on data sovereignty and predictable pricing continues to shape its market position. This evolution from a family-founded entity to a publicly traded company highlights significant shifts in its stakeholder influence.

The ownership of OVHcloud is a mix of public shareholders and significant institutional investors, alongside the founding family's continued influence. Following its IPO, a substantial portion of the company's shares became available to the public market, diversifying its ownership base. The founding family, through various holdings, maintains a considerable stake, ensuring their strategic vision remains central to the company's operations. Institutional investors, such as asset management firms and pension funds, also play a crucial role, often influencing corporate governance and long-term strategy. For a deeper dive into the external factors affecting the company, an OVHcloud PESTEL Analysis provides valuable context.

Who Founded OVHcloud?

OVHcloud, initially established as OVH, was founded in November 1999 by Octave Klaba. The company's inception was supported by three family members: Henry, Haline, and Miroslaw Klaba. This family-centric beginning points to a concentrated early ownership structure, though specific equity percentages are not publicly disclosed.

Founder Role Early Involvement
Octave Klaba Founder, Chairman Initiated the company and its integrated business model.
Henry Klaba Family Member Provided integral support during the company's founding.
Haline Klaba Family Member Provided integral support during the company's founding.
Miroslaw Klaba Family Member Provided integral support during the company's founding.
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Founding Vision

Octave Klaba envisioned an integrated model, controlling the entire value chain. This approach aimed to deliver performance, predictable pricing, and data sovereignty.

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Integrated Business Model

The company's control over server design, data center management, and network orchestration was a key differentiator. This allowed for independent service catering to a growing customer base.

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Early Ownership Structure

The initial ownership was concentrated within the founding family. Specific details regarding early equity percentages for each family member are not publicly available.

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Lack of Early External Investment Details

Information regarding early backers, angel investors, or specific founder exit strategies during the initial phase is not publicly disclosed.

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Absence of Early Disputes

There are no public records indicating any notable early ownership disputes or buyouts that occurred during the company's initial development.

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Data Sovereignty Focus

A core tenet of the founding vision was to ensure data sovereignty for its customers. This commitment remains a significant aspect of the company's operational philosophy.

The foundational emphasis on an integrated model, controlling the entire value chain from server design to data center management and network orchestration, was a direct reflection of the founding team's strategic vision. This approach was instrumental in enabling the company to independently cater to its expanding customer base while delivering on promises of performance, predictable pricing, and data sovereignty. Understanding the Growth Strategy of OVHcloud provides further context on how this early ownership structure influenced its development.

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Key Aspects of Early OVHcloud Ownership

The early ownership of OVHcloud was characterized by a strong family foundation and a clear strategic vision for vertical integration.

  • Founded in November 1999 by Octave Klaba.
  • Integral support from family members Henry, Haline, and Miroslaw Klaba.
  • Concentrated early ownership structure within the founding family.
  • Emphasis on an integrated business model controlling the entire value chain.
  • No public information on early external investors or founder exits.
  • No public records of early ownership disputes or buyouts.

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How Has OVHcloud’s Ownership Changed Over Time?

The ownership journey of OVHcloud saw a pivotal moment with its Initial Public Offering on Euronext Paris in October 2021. This event marked a significant shift in its corporate structure, transitioning from a privately held entity to a publicly traded company.

Event Date Impact on Ownership
IPO on Euronext Paris October 15, 2021 Raised €400 million; initial market capitalization around €3.48 billion to €3.5 billion. Shares sold by private equity firms, Klaba family, and managers.
Share Buyback Offer Approval October 23, 2024 Board approved a plan to reduce share capital by canceling treasury shares.
Share Buyback Completion January 2025 Cancellation of 38,888,889 treasury shares, potentially increasing Klaba family's stake to up to 81%.

The Klaba family continues to hold a dominant position in OVHcloud's ownership structure. Prior to a share buyback initiative, their stake was 68% as of October 2024. This buyback, completed in January 2025, involved the cancellation of treasury shares, a move that could elevate the Klaba family's ownership to a maximum of 81%. This demonstrates their sustained commitment and control over the company's strategic direction, aligning with a new phase focused on financial strengthening and growth.

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Key Stakeholder Overview

The Klaba family remains the primary stakeholder, maintaining significant control over OVHcloud's strategic decisions.

  • Klaba family: Majority shareholder, with potential stake increase to 81% post-buyback.
  • KKR and TowerBrook Capital Partners: Previously held stakes sold during the IPO.
  • Public Shareholders: Own a portion of the company following the 2021 IPO.
  • OVHcloud Management: Also participated in share sales during the IPO.

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Who Sits on OVHcloud’s Board?

The current Board of Directors for OVHcloud comprises 11 members, including 5 independent directors and 2 employee representatives, alongside 1 censor. Octave Klaba, the company's founder, serves as the Chairman of the Board. Benjamin Revcolevschi was appointed CEO on October 23, 2024, succeeding Michel Paulin, and his directorship is pending ratification in 2026.

Director Role Name Key Affiliation
Chairman of the Board Octave Klaba Founder
CEO Benjamin Revcolevschi Appointed October 2024
Director Henryk Klaba Family Member
Director Pauline Wauquiez Family Member
Independent Director [Name Placeholder] [Affiliation Placeholder]
Independent Director [Name Placeholder] [Affiliation Placeholder]
Independent Director [Name Placeholder] [Affiliation Placeholder]
Independent Director [Name Placeholder] [Affiliation Placeholder]
Independent Director [Name Placeholder] [Affiliation Placeholder]
Employee Representative [Name Placeholder] [Affiliation Placeholder]
Employee Representative [Name Placeholder] [Affiliation Placeholder]
Censor [Name Placeholder] [Affiliation Placeholder]

OVHcloud operates under the French corporate governance code established by AFEP and MEDEF. The internal rules governing the Board's operations are detailed in the Universal Registration Document. The Nominations, Remunerations and Governance Committee, which has a majority of independent directors, includes Octave Klaba, Henryk Klaba, and Pauline Wauquiez among its six members. This structure indicates ongoing family involvement in critical governance decisions. While specific details regarding dual-class shares or golden shares are not publicly disclosed, the Klaba family's substantial and potentially growing shareholding, which could reach up to 81% post-buyback, grants them significant voting power and control over the company's strategic direction. There have been no public reports of recent proxy battles or activist investor campaigns influencing the company's decision-making processes.

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Understanding OVHcloud's Ownership and Control

The founder's significant stake in the company underscores a strong influence on its strategic path. This ownership structure is key to understanding the OVHcloud business model owner.

  • Founder's substantial ownership stake.
  • Family members on key committees.
  • Adherence to French corporate governance codes.
  • Potential for increased family control post-buyback.

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What Recent Changes Have Shaped OVHcloud’s Ownership Landscape?

Recent developments at OVHcloud, particularly between 2022 and 2025, have significantly reshaped its ownership landscape. A key event was the €350 million share buyback offer in October 2024, which, if fully taken up, aimed to increase the Klaba family's control to as much as 81%.

Event Date Details
Share Buyback Offer October 2024 €350 million offer at €9.0 per share
Share Capital Reduction January 29, 2025 Cancellation of 38,888,889 treasury shares (approx. 20.41%)
CEO Appointment October 23, 2024 Benjamin Revcolevschi succeeded Michel Paulin

The company's strategic direction is further solidified by its financial performance and future outlook. For FY2024, consolidated revenue reached €993.1 million, a 10.7% increase year-on-year, with an adjusted EBITDA margin of 38.4%. The first half of FY2025 saw revenue climb to €536.0 million, up 10.3%. OVHcloud's 'Shaping the Future' plan targets sustained organic revenue growth of around 10% and an adjusted EBITDA margin structurally above 40% beyond FY2025, with a goal of positive levered free cash-flow in FY2026. These moves indicate a focus on financial health and reinforcing the founding family's majority stake, a notable trend in the current market. Understanding these shifts is crucial for grasping the Marketing Strategy of OVHcloud.

Icon Ownership Consolidation

The Klaba family's potential increase in ownership to 81% following the share buyback reinforces their control. This move strengthens the OVHcloud founder's role in ownership.

Icon Financial Performance

FY2024 revenue grew by 10.7% to €993.1 million, with a 38.4% adjusted EBITDA margin. The company anticipates continued growth and margin improvement.

Icon Leadership Transition

Benjamin Revcolevschi took over as CEO in October 2024, signaling a new chapter for the company's management. This change is part of the OVHcloud company management evolution.

Icon Strategic Outlook

The 'Shaping the Future' plan aims for 10% revenue growth and over 40% adjusted EBITDA margin, with positive free cash flow expected by FY2026. This reflects OVHcloud's business model owner's long-term vision.

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