March 2021 – Vulcain acted as exclusive M&A advisor to Rexel France in the sale to Groupe HBF of its subsidiary Dismo France, a company active in the distribution of electrical equipment, heating and lighting consumer products mainly to DIY stores
Rexel is a global player in the multichannel distribution of energy products and services to electricity professionals in the industrial, residential and commercial sectors, with 24,000 employees in 25 countries via c.1,900 branches, generating €12.6bn revenue in 2020. Rexel is listed on Eurolist Euronext Paris (compartment A).
Founded in 1998 and based in Saint-Ouen-l'Aumône (Val d'Oise), Dismo France is a subsidiary of Rexel France active in the wholesaling of consumer-oriented electrical equipment (protection, branching, switchgear, fixing, cables, etc.), heating and lighting products mainly to DIY stores as well as retailers and e-commerce platforms. Dismo France relies on its logistics warehouse in Saint-Ouen-l'Aumône, with c.5k references managed. The company generated c.€33m sales in 2020.
Dismo France joins Groupe HBF, active in the electrical equipment wholesaling market for 25 years, specialized in electrical equipment, lighting as well as security and home automation systems, via c.5k references managed. The group serves all players in the home-improvement market (DIY stores, specialized retailers, etc.) and a large share of food retailers, with strong roots in France as well as in China, Spain and Poland, generating c.€70m sales in 2021.
This operation is in line with the strategy of Groupe HBF to expand its commercial network in France and diversify its products offering. The acquisition of Dismo France will allow Groupe HBF to consolidate its activity in historical distribution channels such as large and medium-sized DIY stores and to expand into trading. Furthermore, Groupe HBF will benefit from Dismo France’s expertise in complementary businesses such as heating products.
Vulcain acted as exclusive sell-side M&A advisor to Rexel France, in an auction process leading to the selection of Groupe HBF as a buyer.
The team at Vulcain that supported this transaction was led by Thierry Falque-Pierrotin.
Consumer, Brand, Retail