FTSE 100 Energy Firm DCC Agrees £5.75bn Takeover by KKR and Energy Capital Partners
DCC has agreed to a £5.75bn buyout by US private equity firms KKR and Energy Capital Partners, marking another departure from the London Stock Exchange.
DCC, one of the largest energy companies listed on the London Stock Exchange, has agreed to a £5.75bn takeover by US private equity groups KKR and Energy Capital Partners. The deal was recommended by the company's board despite misgivings from its founder and major shareholders.
The acquisition adds to a growing exodus of major corporations leaving public markets in London amid a wave of private equity buyouts targeting UK-listed firms. Further details regarding the transaction timeline and shareholder voting thresholds are expected to be released as the process moves forward.
Lucas covers M&A activity and startup funding rounds, tracking deal structures and valuations to explain what a transaction means for the companies and markets involved.
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