Debevoise & Plimpton LLP is advising Rexel in financing aspects of its acquisition of GCG, a leading specialty infrastructure platform in the U.S.

The transaction values GCG at an enterprise value of approximately $1.4 billion. Rexel plans to finance GCG through a mix of existing cash on hand, and debt for c.€800 million.

The transaction is expected to close by 2026 year-end, subject to customary regulatory approvals and closing conditions.

For further information, see the official release here.

The Debevoise team advising Rexel is led by partner Philippe Tengelmann, and includes partners E. Raman Bet-Mansour and Alan Davies, and associates Jonathan Bell and Rosanne Lariven.