KKR and Energy Capital Partners agreed to acquire Irish energy distributor DCC Energy. The deal values the company at approximately £5.75 billion ($7.7 billion).
The agreement follows a prolonged pursuit involving multiple rejected bids and extensions. The final offer represents a significant premium over the company's undisturbed share price.
Shareholders will receive 6,525 pence in cash per share plus a final dividend. A potential additional payment depends on the sale of DCC’s technology unit, Nexora.
The DCC board recommended the offer to unlock cash value not consistently reflected in public markets. The transaction is expected to become effective in the first quarter of 2027.