ECP and KKR take DCC Energy private in $7.7bn deal
The carve-out from London-listed DCC plc gives the sponsors a platform distributing fuels and lubricants across Europe and the US.
Takeaways
- DCC Energy is a multi-energy sales and distribution business.
- ECP and KKR is acquiring DCC Energy.
- The target serves energy across Europe and US.
London-listed DCC plc has agreed to sell its energy distribution arm, DCC Energy, to ECP and KKR in a take-private transaction.
The deal values the business at $7.7 billion.
DCC Energy is a multi-energy sales and distribution business serving customers across Europe and the United States, distributing fuels, lubricants, and related products.
Completion is subject to shareholder and court approvals.
The sponsors are forming a new platform in the energy distribution sector, aiming to capitalize on a fragmented market that is evolving amid regulatory changes and the energy transition.
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