DCC Energy has agreed to a recommended takeover by Dragon Bidco Limited, a company indirectly owned by funds advised by KKR and Energy Capital Partners, in a deal valuing the company at about £5.75 billion. Under the terms, DCC shareholders will receive 6,525 pence per share in cash plus a 147.22 pence final dividend, representing a 24% premium to the undisturbed closing share price of 5,380 pence. Shareholders may also receive up to an additional 125 pence per share if DCC completes the sale of its Nexora technology business by July 31, 2027. The DCC board unanimously recommended the offer, citing attractive value and cash certainty, and the acquisition is expected to complete in the first quarter of 2027 subject to approvals.
DCC plcDCC agreed to a takeover at a 24% premium, recommended by its board.
KKR & Co. Inc.KKR is leading a £5.75B acquisition of DCC, a major investment deal.
Energy Capital Partners is co-investing in the £5.75B acquisition of DCC.