Rexel completes acquisition of GE Supply
Paris, France -- The Rexel Group, the world's leading distribution network of electrical supplies, has completed it...
Paris, France — The Rexel Group, the world’s leading distribution network of electrical supplies, has completed its acquisition of GE Supply, the electrical distribution business of GE Consumer & Industrial, a business unit of General Electric. The announcement follows the one of a purchase agreement signed on July 10, 2006.
The total consideration for the transaction, valued at US$725 million, was financed through specific loans underwritten by JPMorgan and Calyon. JPMorgan also acted as exclusive financial advisor to Rexel in connection with the transaction. The consent of Rexel’s senior lenders was obtained on July 24, 2006.