The story

KKR and Energy Capital Partners agreed to buy DCC Energy in a deal valuing the energy sales and distribution provider at around 5.75 billion pounds, or $7.66 billion. Shareholders will receive 6,525 pence per share in cash plus a previously announced final dividend of 147.22 pence. The deal represents a 24% premium to DCC Energy's undisturbed closing share price of 5,380 pence, according to RTTNews, though Finimize reported a 26% premium to the company's April 28 close.

Shareholders could receive up to an additional 125 pence per share if DCC completes the sale of its Nexora technology business by July 31, 2027, subject to certain conditions. The acquisition will be implemented through a court-sanctioned scheme of arrangement and is expected to complete in the first quarter of 2027, pending shareholder, court, regulatory, and other approvals.

The deal follows months of negotiations after DCC Energy rejected an initial consortium bid of 5,800 pence per share in April, saying it undervalued the company. The consortium later raised its cash offer to 6,525 pence per share in June. DCC's board unanimously recommended the offer, saying it provides attractive value and cash certainty. DCC directors holding about 0.28% of the company's shares have irrevocably agreed to vote in favor of the transaction.