Rexel is the No 1 worldwide distributor of electrical supplies. With a market share of just 7% Rexel is seeking to accelerate its organic growth and lead the way in terms of consolidation within its sector and has therefore decided to return to the public markets.

Rexel's owners, the private-equity houses Clayton, Dubilier & Rice, Eurazeo and Merrill Lynch Global Private Equity, have re-listed the company two years after it was de-listed from the Paris bourse in a leveraged buy-out.

A total of 60.6m shares were issued representing a 24% float (76.4% for International offering and 23.6% for the OPO) at €16.50 a share, which was middle of the revised price range of €16.35 - €16.75. Despite an economic slowdown in the US and volatile market conditions the books were twice covered. This is set to be one of Europe’s largest private equity-backed IPOs of 2007.

Media Tree worked alongside Brunswick and the five Joint Global Coordinators in total unison on the analyst presentation, the SFAF presentation, the launch day press conference and of course the two team, two week roadshow.