The 2020 Mid-Year Economic Update_long

Eurazeo Sells Remaining Stake in Rexel

The sale, worth 320 million (US$411.7 million), marks the final step of Eurazeos gradual divestment from Rexels capital.

French private equity firm Eurazeo has successfully completed the sale of the remaining 20.9 million shares of global electrical distributor Rexel.

The sale by holding company Ray Investment represents a 7.1 percent stake in Rexel and is valued at €320 million (US$411.7 million) under an accelerated investment to institutional investors.

This transaction marks the final step of Eurazeo’s gradual divestment from Rexel’s capital, which was initiated in 2012. Pursuant to the transaction, Ray Investment s.à.r.l will no longer hold shares in Rexel.

“Eurazeo has fulfilled its role as professional long term shareholder, supporting Rexel’s in executing its dynamic external growth strategy, notably in 2008 with the acquisition of Hagemeyer,” Patrick Sayer, chairman of the executive board of Eurazeo said. During the past decade, Rexel has reported remarkable financial performance with revenues and EBITDA doubling.”

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.