Rexel (RXL) To Acquire GCG For ~$1.4B EV; Plans Up To €500M Equity Raise
Rexel agreed to acquire GCG for an enterprise value of about $1.4B, targeting <8x 2026e EBITDAaL incl. synergies. Financing includes existing cash, c.€800M debt and up to €500M equity; closing expected by 2026 year-end, subject to approvals.Material DetailsContext by AI AnalystThis is a strategic e…