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Bank syndicate completes €500 million private placement of shares by Rexel

October 2026

Client(s) Bank syndicate

Jones Day advised the bank syndicate in connection with Rexel's €500 million private placement carried out via an accelerated bookbuilding (ABB).

The offering represents approximately 4.6% of Rexel's pre-issue share capital, at a tight discount of approximately 1.0% to the last closing price. The net proceeds are intended to partially finance Rexel's acquisition of GCG, a leading U.S. specialty infrastructure platform.

Placed exclusively with qualified investors, it ranked as the second largest primary ABB in France in 2026 year-to-date.

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