Lenz & Staehelin advises AURELIUS on the sale of Distrelec to RS

AURELIUS, the alternative investment group, has announced last April the sale of Distrelec Group, a UK-based B2B distributor of electronic and technical components, to RS Group, a UK-based omni-channel provider of industrial product and service solutions. The transaction is valued at an enterprise value of EUR 365m resulting in an equity value of around EUR 200 million.

Founded in 1973 and headquartered in Manchester, Distrelec is a B2B distributor of electronic and technical components with around 400 employees. Beyond its main markets of Switzerland, Germany and Sweden, with active sales teams. it holds a strong presence in 19 European countries.

Lenz & Staehelin advises AURELIUS on Swiss law matters. The team includes partner Matthias Wolf (pictured), Iliana Djagova, Xavier Grivel, Sebastian Merki (all corporate/m&a), Nadja Guberan-Flühler (IT/Data Protection) and Elena Nauer (employment). AURELIUS was also advised on the transaction by Baird (m&a), OMMAX (digital), PwC (financial), Linklaters (legal), Haver & Mailänder (legal), Kearney (commercial) and EY (tax).

RS Group was advised on the transaction by Greenhill (m&a), Rothschild (m&a), McKinsey (commercial, operations, integration), EY (financial, tax, HR), and Osborne Clarke (legal, compliance).