About the deal

Listed on Eurolist Euronext Paris, Rexel is a worldwide expert in the multichannel professional distribution of products and services for the energy world, addressing residential, commercial and industrial markets. Rexel provides energy management products and services for construction, renovation, production, and maintenance. The group relies on more than 26,000 employees in 21 countries, through a network of over 1,900 branches. Rexel’s sales were €18.7 billion in 2022.

In line with its “Power Up 2025” roadmap, the Group completed the sale of its subsidiaries in Spain and Portugal to Sonepar in November 2022, and the sale of its subsidiary in Norway to Kesko Onninen in March 2023. In 2021, these divested activities generated revenues of circa €500 million. These divestments have significantly improved the Group’s growth and profitability profile.

What we did

Capitalmind Investec has advised Rexel all along the divestment processes: preparing marketing material, anticipating carve-out issues, approaching and leading discussions with the most relevant potential acquirers, managing Due Diligence phases, coordinating all stakeholders, and negotiating the transactions.

These deals illustrate our ability to assist large corporates in divesting non-core assets and further reinforce our expertise within the professional distribution market. These deals also highlight our commitment to supporting key players active in the energy transition.

Capitamind Investec has played a decisive role in meeting the challenges of carve-outs, establishing trustworthy relationships with local managers. We sincerely appreciated the relevance of their strategic vision, their great availability, as well as the quality of our professional relations.

Anne-Céline JEAN – Global Head of M&A, Rexel