William Fry LLP is delighted to be advising DCC plc, a leading international sales, marketing, and support services group, on its proposed sale of its healthcare division to HealthCo Investment Limited, a subsidiary of funds managed by Investindustrial Advisors Limited.
This transaction values DCC Healthcare at a total enterprise value of £1.05 billion.
The William Fry team was led by Corporate Partner Mark Talbot, with support from Corporate Associates Trish McGrath, Michael Meenaghan and Niamh Green, Tax Partner Sonya Manzor, with support from Tax Senior Associate Shauna O’Brien, and Employment Partner Louise Harrison, with support from members of other teams across William Fry.
This transaction is a significant step in DCC’s strategy to simplify its operations and focus on its high-growth, high-return energy business.
The transaction is subject to customary regulatory approvals and is anticipated to be completed in the third quarter of 2025. DCC Healthcare, which recorded revenue of £859.4 million and an adjusted operating profit of £88.1 million for the year ended March 31, 2024, will continue to serve its employees, customers, and suppliers effectively under new ownership.