DCC Energy to go private in £5.75 bn KKR-led takeover

A consortium headed by private‑equity giant KKR and Energy Capital Partners has agreed to acquire FTSE‑100 listed DCC Energy in an all‑cash deal valued at £5.75 billion (about $7.7 billion). Shareholders will receive 6,525 pence per share plus a final dividend of 147.22 pence, totalling 6,672.22 pence per share, with an optional extra payment if the Nexora technology business is sold above specified thresholds. The offer represents a roughly 24% premium to the undisturbed share price and more than 36% over the price on the day before the consortium’s initial approach.

DCC Energy, headquartered in Dublin and listed in London, supplies LPG, fuel oils and other energy products across Europe. The board, led by CEO Donal Murphy and chairman Mark Breuer, has backed the proposal, noting the cash certainty and premium for shareholders. Earlier bids were rejected, and some large investors such as Aviva Investors and Fidelity International had expressed valuation concerns. The transaction follows a recent wave of FTSE‑100 companies being taken private, including Mitie, Rotork, Intertek, Tate & Lyle and others.