2010 3月 8
BDA advises Rexel on divestment of Asian luxury goods business, HCL Asia

Divested HCL Asia to the DKSH Group
2010
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 €42 million in 2009 (out of total Group sales of €11.3 billion).
BDA Deal Team – London
Andrew Huntley, Senior Managing Director, London, ahuntley@bdallc.com
Christophe Walewski, Associate, London, cwalewski@bdallc.com
BDA Deal Team – Hong Kong
Paul DiGiacomo, Managing Director, Hong Kong, pdigiacomo@bdallc.com
Jim Lau, Director, Hong Kong, jlau@bdallc.com
Jess Zhou, Analyst, Hong Kong, jzhou@bdallc.com
About Rexel
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 €11.3 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.
About BDA
Business Development Asia LLC was founded in 1996. BDA assists multinational corporate and financial sector clients to identify and execute acquisitions, divestments, JVs, restructuring and to raise capital, in Asia and internationally. The company is headquartered in New York with offices in London, Bahrain, Mumbai, Hong Kong, Shanghai, Seoul, and Tokyo. BDA employs 50 full-time professional staff across its eight offices, supplemented by a team of senior advisors around the world. BDA’s clients include Areva, Arkema, AXA Private Equity, Celestica, Clariant, Dainippon Ink and Chemicals, Ecolab, Federal-Mogul, Global Power Equipment Group, Hercules, Molex, Nalco, Reuters, Ryder, Seera, SigmaKalon, Sun Chemical and Tredegar. Further information on BDA is available at www.bdapartners.com.
For more information regarding this transaction, please contact Andrew Huntley on (44) 20 7182 4514 or Paul DiGiacomo in Hong Kong on (852) 2537 9565.
Recent transactions
Divested Hyosung Capital to ST Leaders Private Equity
2020
Divested Sundance Mountain Resort to Broadreach Capital and Cedar Capital
2020
Acquired EMC Holdings from Affirma Capital
2020
Series B capital raise
2020
Divested Young Toys to MiraeN Group
2020
Strategic partnership in China and investment by EverYi Capital
2020
Acquired Rich Graviss
2020
Divested controlling stake to Grass Green Group
2020
Divested assets to Centric Brands
2019
Divested a 70% stake to Affirma/SCPE
2019
Divested Alliance Cosmetics Group to Mandom
2018
Acquired by The Blackstone Group
2018
Investcorp invested up to $250m in China Everbright New Economy Fund
2018
Divested Leyou to Warburg Pincus
2018
Divested Chinese RTW business to a Hong Kong-based investor
2018
Divested Gourmet Noodle House to GreenTree Inns
2018
Growth capital raise
2017
Divested Harrys of London to Charles Cohen
2017
Acquired Chinese food ingredients company, Tianning Flavours
2017
Merged with Fitness First Asia, led by Navis Capital
2017