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Britain's DCC gets takeover approach from Energy Capital Partners, KKR

Published by Global Banking & Finance Review

Posted on April 29, 2026

2 min read

· Last updated: April 29, 2026

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Ireland's DCC reviews takeover bid from KKR and Energy Capital Partners

Overview of the DCC Takeover Proposal

(Corrects headline and paragraph 1 to say DCC is based in Ireland, not Britain)

Details of the Takeover Bid

April 29 (Reuters) - Ireland's DCC said it was reviewing a cash takeover proposal from a consortium comprising U.S. investment firms Energy Capital Partners and KKR, sending its shares as much as 16% higher.

Market Reaction and Share Performance

Shares of the sales, marketing, and support services provider rose to 62.65 pounds on the news, giving it a market value of about 5.35 billion pounds ($7.22 billion), according to Reuters calculations. The stock hit its highest level since May 2022.

Consortium and Proposal Details

DCC did not provide further details about the proposal. KKR and Energy Capital Partners did not immediately respond to Reuters request for comment.

Timeline and Offer Certainty

The consortium has until June 10 to announce a firm intention to make an offer for DCC or walk away.

DCC said there was no certainty a firm offer would be made.

Additional Information

($1 = 0.7407 pounds)

(Reporting by Ankita Bora and Yamini Kalia in Bengaluru; Editing by Sumana Nandy and Rashmi Aich)

Key Takeaways

  • DCC, a UK sales, marketing and support services provider valued at around £4.6 billion, has received a takeover approach from Energy Capital Partners and KKR; the proposal is indicative and non-binding as of April 29, 2026.
  • The consortium must announce a firm intention or withdraw by 5:00 pm on June 10, 2026 under Irish Takeover Rules; DCC’s board is evaluating the approach with advisors but shareholders are urged to take no action at this time.
  • Energy Capital Partners is a U.S.-based energy transition and infrastructure investor with over $37 billion in commitments since 2005, and KKR is a diversified global investment firm nearing $1 trillion in assets under management—both bring deep capital and sector experience to the potential bid.

Frequently Asked Questions

Who approached DCC with a takeover proposal?
A consortium comprising Energy Capital Partners and KKR approached DCC with a cash takeover proposal.
What is the market value of DCC?
DCC has a market value of about 4.6 billion pounds, or approximately 6.2 billion US dollars.
Has DCC accepted the takeover offer?
DCC is evaluating the proposal but has cautioned that there is no certainty a firm offer will be made.
What does DCC do?
DCC is a sales, marketing, and support services provider.

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