Reverse enquiries let Ray shred Rexel lock-up

Ray Investments raised €526m from a sale of shares in French electrical office supplies firm Rexel on Tuesday. Reverse enquiries led the private equity consortium to take its last opportunity to sell in August, obtaining a lock-up waiver to do so.

  • By Andrew Griffin
  • 07 Aug 2013

Ray, the consortium that owned 34% of Rexel, sold 28.8m shares, for €18.25 each, a 3.7% discount to Tuesday’s €18.95 close. The deal represented 10% of the company and pushed the free float to 76%.

Deutsche Bank and UBS were joint bookrunners, and Rothschild was financial advisor for the deal. Deutsche had ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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  • 14 Mar 2017
1 Bank of America Merrill Lynch 10,650.87 23 11.13%
2 Deutsche Bank 8,169.49 17 8.53%
3 HSBC 6,243.46 23 6.52%
4 Citi 4,355.35 13 4.55%
5 SG Corporate & Investment Banking 4,273.37 17 4.46%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 JPMorgan 5,440.56 17 10.74%
2 Deutsche Bank 4,468.97 23 8.82%
3 UBS 3,742.72 17 7.39%
4 Citi 3,393.89 23 6.70%
5 Goldman Sachs 3,360.93 18 6.63%