Rexel S.A. acquired Wasco Holding B.V. from Gilde Equity Management Benelux B.V. and management.
September 31, 2023
Share
Rexel S.A. (ENXTPA:RXL) agreed to acquire Wasco Holding B.V. from Gilde Equity Management Benelux B.V. and management for an enterprise value of approximately ?490 million on May 30, 2023. Wasco generated a revenue of approximately ?540 million for the period ended April 30, 2023. The acquisition remains subject to customary conditions including completion of the consultation process of Wasco?s works council and approval by the competition authority, i.e. the European Commission. It is expected to close in the second half of 2023. As of August 4, 2023, Rexel, Wasco Holding and Gilde Equity Management and others have submitted paperwork on August 2, 2023 and antitrust authorities will announce a ruling on the proposed transaction by September 7, 2023. Jefferies acted as financial advisor to Gilde and Wasco. Leo Verhoeff of Simmons & Simmons acted as legal advisor to Gilde Equity Management in this transaction.
Rexel S.A. (ENXTPA:RXL) acquired Wasco Holding B.V. from Gilde Equity Management Benelux B.V. and management on September 1, 2023.
Rexel is the world's leading professional distributor of electrical equipment. Present in 19 countries, the Group offers electrical products and solutions to professionals for buildings and for residential, industrial, and tertiary infrastructures, through a multi-brand network of 1,972 outlets. The products and solutions marketed by the group are in response to demands for electrical equipment, lighting, security, climate control, communication, industrial automation, and energy savings. The activity is organized around 3 markets:
- tertiary: malls, sports facilities, hospitals, airports, etc.;
- industry: system integrators, production site builders and equipment producers;
- residential: comfort, security, and home automation.
Net sales are distributed geographically as follows: Europe (50.2%), North America (43%) and Asia/Pacific (6.8%).
REXEL 
