Societe Generale and AXA announce the signing of their first Euro Private Placement for Sonepar within the context of the partnership between the bank and AXA.
Sonepar is an independent family-owned French company with a global market leadership in Business to Business distribution of electrical products and related solutions. It is the first French company to benefit from this new type of disintermediated financing.
Two months after the launch of the partnership, this transaction illustrates Societe Generale and AXA’s capability to complete a disintermediated financing deal for corporates. By combining the close relationships a bank has with its clients with the expertise of an institutional investor, this transaction is a major step in the emergence of this new type of financing as well as demonstrating the efficient cooperation between Societe Generale and AXA.