Private equity backers including Clayton Dubilier & Rice and Eurazeo have sold a 14.7% stake in French listed electrical distributor Rexel for €640m.
High-net-worth individuals and family offices are hunting for yield, concerned about low interest rates and market volatility
Fund expects to hit its target in the first quarter of 2020 and has already made six investments
Soprome and BTC Capital also back the takeover of the security services company
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