DCC Energy has agreed to be acquired by a consortium of US private equity firms KKR and Energy Capital Partners in a deal valued at £5.75 billion.
The Irish energy distributor, which is listed on the FTSE 100, said its board has approved the transaction, marking another significant move in the ongoing wave of UK-listed companies being taken private.
The acquisition follows a similar pattern seen recently with EasyJet, which agreed to a £5 billion takeover by US investment firm Castlelake.
The acquisition follows a similar pattern seen recently with EasyJet, which agreed to a £5 billion takeover by US investment firm Castlelake.
These deals highlight the continued appetite of US private equity for established European businesses, particularly in sectors like energy and travel where operational improvements and cost efficiencies can be pursued off-market.
For investors, the deal removes a key energy name from the FTSE 100, potentially reshaping sector indices and altering the landscape for energy-related equities.
The transaction is subject to shareholder approval and regulatory clearance, with no immediate impact on DCC's operational activities expected.