Irish Energy Distributor Agrees to $7.7 Billion Takeover by KKR-Led Consortium

Irish energy distributor DCC Energy has agreed to be taken over by a consortium led by private equity heavyweight KKR and Energy Capital Partners. The deal values the company at close to $7.7 billion and is about $1 billion higher than KKR’s original offer, which was made in June. The Irish company is among Europe’s largest energy distribution businesses, supplying LPG, fuel oils, and other energy products across multiple international markets. The company has spent recent years reshaping its portfolio through acquisitions and divestments,…