KKR, ECP Weigh Higher DCC Bid After £58-a-Share Offer Is Rejected

1 articles · Updated · Bloomberg · May 19

KKR and Energy Capital Partners are working with advisers on a higher offer for DCC after the UK energy provider rejected their £58-a-share approach as too low.
The review centers on how much the private equity firms should raise the bid to make a takeover of DCC more acceptable.
A sweetened proposal would revive talks after the initial approach failed to win board support, leaving valuation as the key obstacle.
The move keeps pressure on DCC as buyout firms continue to target energy and infrastructure-linked assets with steady cash flows.

Can buyers KKR and ECP reconcile their conflicting interests, or is their billion-pound partnership for DCC destined to fail?

Is DCC's rejection of the £4.95B bid a confident move or a massive gamble on its unproven green energy future?

Is this bid the start of a private equity buyout spree in the transforming European energy sector?