BDA Advises Rexel on Divestment of Asian Luxury Goods Business, HCL Asia
Business Development Asia LLC advised Rexel on the sale of HCL Asia, a luxury wholesaler,
retailer and duty-free agent, to the DKSH Group, a privately held Swiss company and the leading
Market Expansion Services provider focused on Asia.
Hong Kong, Hong Kong S.A.R., March 09, 2010 --(PR.com)-- Business Development Asia LLC
("BDA") has advised Rexel on the sale of HCL Asia, one of the three activities of its Agencies
Consumers Electronics ("ACE") division, to the DKSH Group, a privately held Swiss company and the
leading Market Expansion Services provider with a focus on Asia.
HCL Asia, headquartered in Hong Kong, distributes luxury products such as watches, skin care products
and other fashion-related products in Hong Kong, Taiwan, Korea and the Pacific islands through a
network of 54 sales outlets as a wholesaler, retailer, and duty-free agent, on behalf of well-known brands
such as Bally, Rolex and others.
This business was non-core for Rexel, a global leader in the distribution of electrical supplies, and
generated sales of E42 million in 2009 (out of total Group sales of E11.3 billion).
BDA Deal Team - London
Andrew Huntley, Senior Managing Director, London, email@example.com
Christophe Walewski, Associate, London, firstname.lastname@example.org
BDA Deal Team - Hong Kong
Paul DiGiacomo, Managing Director, Hong Kong, email@example.com
Jim Lau, Director, Hong Kong, firstname.lastname@example.org, Jess Zhou, Analyst, Hong Kong, email@example.com
Rexel, a global leader in the distribution of electrical supplies, serves three main end markets: industrial,
commercial and residential. The Group operates in 34 countries, with a network of some 2,300 branches,
and employs 29,000 people. Rexel's sales were E11.3 billion in 2009. Its majority shareholders are an
investor group led by Clayton, Dubilier & Rice, Eurazeo and BAML Capital Partners. Rexel is listed on
the Eurolist market of Euronext Paris.
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