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Rexel to List on European Exchange April 5

Paris-based electrical distributor Rexel will be officially listed Thursday, April 5, 2007, on Eurolist by Euronext, a European exchange. Forbes reports that the company will set a price for its initial public offering Wednesday night, aiming toward the lower end of 16.35-19.00 euros.

(Here's a pdf of the details of the offer. Look to the second half of the document for English.)

Owners of Rexel, Eurazeo, Clayton, Dubilier & Rice, and Merrill Lynch, will maintain control over the distributor. The group is seeking to raise around 1.015 billion euro at the midpoint of the price range, ...

Paris-based electrical distributor Rexel will be officially listed Thursday, April 5, 2007, on Eurolist by Euronext, a European exchange. Forbes reports that the company will set a price for its initial public offering Wednesday night, aiming toward the lower end of 16.35-19.00 euros.

(Here’s a pdf of the details of the offer. Look to the second half of the document for English.)

Owners of Rexel, Eurazeo, Clayton, Dubilier & Rice, and Merrill Lynch, will maintain control over the distributor. The group is seeking to raise around 1.015 billion euro at the midpoint of the price range, Forbes reported.

The maximum amount raised will be 1.34 billion euro, or 32.2% of capital.

The group of investors paid around $3.5 billion for Rexel in 2004 (2.6 billion euro at the time). At the time, Rexel reported annual sales of $8.9 billion (6.7 billion euro). Rexel recently reported sales of about $12.1 billion (9.3 billion euro), an increase of&nbsp ; about 35%&nbsp ; since going private in 2004. Rexel has made several acquisitions, including GE Supply for $725 million in the U.S.

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