PE Group Rakes In €525M Through Rexel Share Sale

Law360, New York (August 7, 2013, 1:32 PM EDT) -- The private equity consortium with a controlling stake in French electrical parts manufacturer Rexel SA will shave another 10 percent stake from its holding and reap nearly €525 million ($700 million) by selling it to a bloc of institutional investors, it said Tuesday.

Ray Investment SARL — a European investment firm backed by Eurazeo, Clayton Dubelier & Rice, Bank of America Merrill Lynch and Caisse des Depots et Consignations du Quebec — will sell nearly 29 million Rexel shares through an accelerated bookbuilding at €18.25 a...
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