One Equity Partners Acquires Nexora
DCC Energy agrees to sell its technology division Nexora to One Equity Partners for $725 million on a cash- and debt-free basis.
The energy distributor DCC Energy has agreed to sell its technology division Nexora to private equity firm One Equity Partners for a total enterprise value of $725 million, on a cash- and debt-free basis. DailyDOOH reported the deal, citing the company's announcement.
The FTSE-listed parent put Nexora up for sale after completing the disposal of its Exertis IT business to AURELIUS last November, according to the same report. DCC Energy said it would sell the division on Friday.
The transaction covers DCC's so-called "Pro Tech" businesses, the report states: the Almo and JAM pro-AV brands in North America, together with the Hammer and Captech infrastructure brands in Europe.
The Nexora brand only came into being last December, the report noted. DailyDOOH filed the item under its Scuttlebut category and offered no additional detail on the terms or the parties beyond what it attributed to the company.
Neither DCC Energy nor One Equity Partners was quoted further in the material available. The $725 million figure, the cash- and debt-free basis, the deal composition and the brand timeline all rest on DCC Energy's own statement as relayed by DailyDOOH.