Matheson is advising the consortium comprising of funds and investment vehicles advised by Energy Capital Partners Management, LP and its affiliates (ECP), and funds and investment vehicles advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates (KKR), on its £5.75 billion recommended cash offer for DCC Energy plc.
Matheson worked closely with co-counsel Latham & Watkins (London) LLP and Gibson, Dunn & Crutcher UK LLP in advising the consortium on this complex transaction.
The acquisition, which is intended to be implemented by means of a scheme of arrangement under Irish law, is conditional on, among other things, the approval of the scheme by DCC Energy shareholders, receipt of any necessary regulatory or other approvals and the sanction of the scheme by the High Court of Ireland.
Commenting on the transaction, David Fitzgibbon, Head of Matheson’s Corporate practice said: “We are delighted to advise ECP and KKR on this landmark recommended cash offer for DCC Energy plc. This is a highly significant transaction for the Irish market and is a testament to the depth and breadth of expertise within Matheson’s market-leading Corporate M&A practice. Transactions of this scale and complexity demonstrate our team’s ability to seamlessly deliver for the world’s leading investment firms on their most important cross-border deals.”
The transaction was led by Corporate M&A partners David Fitzgibbon (Head of Corporate), David Jones and Susanne McMenamin, together with a Corporate M&A team of senior associates; Thomas Burke, Darren Quinn and Michael Sinnott, associate; David Dempsey, with solicitors; Ellie Glynn and Susan Satheesh, and trainees; Alice Ryan and Tom Foley.
The broader transaction team included Leo Collins, Kevin Lavin, Louise Buckley and Jack Kelly (Corporate M&A), Tomás Bailey, Matthew Broadstock, Rachel O’Sullivan, Cliodhna McCabe and Aoibheann O’Mahoney (Tax), Maireadh Dale and Patrick Ferguson (Finance and Capital Markets), Calum Warren, Conor Slowey, Harry Healy and Conor Ó Curraín (Competition and Regulation), Elaine Long and James Grogan (Financial Institutions Group), Lorcan Keenan and Trina Dzidonu (Employment, Pensions and Benefits).
For more information please contact David Fitzgibbon, David Jones, Susanne McMenaminn or your usual Matheson contact.
