DCC energy to sell Nexora for $725m ahead of KKR-led buyout
DCC Energy has agreed to sell its technology division, Nexora, to private equity firm One Equity Partners for an enterprise value of $725m, as the Irish energy group prepares for its planned takeover by KKR and Energy Capital Partners, according to a report by Reuters.
Private Equity Wire reports that DCC Energy has agreed to sell its technology division, Nexora, to One Equity Partners for an enterprise value of $725 million. This divestiture is part of DCC's preparations for its planned takeover by KKR and Energy Capital Partners, as announced by Reuters. The transaction will be completed on a cash-free and debt-free basis, with closing expected on or after March 1, 2027, subject to regulatory approval.
The sale of Nexora is a crucial step in the arrangements surrounding the proposed KKR-led acquisition, with DCC shareholders set to receive an additional 42 pence per share on top of the existing offer, contingent upon successful regulatory approvals by July 31, 2027.
Brief written by urgent.news from Private Equity Wire's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
