Irish energy distribution company DCC Energy has agreed to sell its technology division, Nexora, to funds managed by One Equity Partners for $725 million, as part of its planned takeover by a consortium backed by KKR and Energy Capital Partners. Meanwhile, travel food and beverage operator SSP Group reported a 4% increase in fourth-quarter like-for-like sales, although weaker passenger numbers affected its profit outlook.
The developments were reported by Sharecast on October 9, 2026, as investors assessed a series of corporate updates ahead of the London stock market opening.
DCC Energy Sells Nexora for $725 Million
DCC Energy's agreement to sell Nexora represents a significant step in its broader corporate restructuring. The technology division will be acquired by One Equity Partners, a private equity investor, subject to customary regulatory approvals. Completion is expected on or after March 1, 2027.
The transaction forms part of the recommended takeover of DCC Energy by Dragon Bidco, a vehicle backed by KKR and Energy Capital Partners. Shareholders approved the takeover in September 2026.
Under the takeover terms, shareholders are due to receive 6,525 pence in cash per share, with additional consideration of up to 125 pence depending on the net proceeds generated from the Nexora sale. Based on current estimates, DCC expects the transaction to generate approximately $701 million in net proceeds, implying an additional payment of around 42 pence per share if the transaction completes as anticipated.
DCC said the disposal recognises the value Nexora has built within the group and will allow the technology business to pursue its next phase of development under new ownership.
SSP Reports 4% Growth in Fourth-Quarter Sales
SSP Group, which operates food and beverage outlets at airports and railway stations, reported a 4% increase in fourth-quarter like-for-like sales. The company also announced a £50 million share buyback programme.
However, the trading update included a more cautious outlook for profitability. SSP expects full-year operating profit of approximately £230 million, slightly below its previous expectations, partly because of weaker passenger numbers in North America during the summer and subdued activity in the Middle East.
The results illustrate the mixed conditions facing travel-related businesses. While sales growth indicates continued demand at existing locations, passenger volumes and regional disruption remain important factors affecting performance.
What These Developments Mean for Investors
The DCC Energy transaction highlights continued private equity interest in established businesses and the role of asset disposals in larger acquisition deals. The final value delivered to DCC shareholders will depend on the completion of the Nexora sale and the terms governing additional consideration.
For SSP, the sales increase provides evidence of continued trading activity, but the lower profit outlook shows that revenue growth does not always translate into stronger earnings. Passenger traffic, operating costs and regional conditions will remain important factors in its financial performance.
