None of the banks that worked as bookrunners for Rexel's flotation earlier this year has won a role advising the private equity-backed French electrical equipment company on its €3bn ($4.3bn) offer for Dutch rival Hagemeyer.

Goldman Sachs and Rothschild, neither of which had a bookrunner role on Rexel's €1bn market listing in April, are advising the company, which is backed by French investor Eurazeo, US buyout firm Clayton, Dubilier & Rice and Merrill Lynch's private equity arm.