DCC Sells Healthcare Division to Investindustrial-backed HealthCo
Deal News | Apr 28, 2025 | Legal Community Swiss
DCC plc has announced the sale of its healthcare division, DCC Healthcare, to HealthCo, an investment vehicle subsidiary of funds managed or advised by Investindustrial. The deal, valued at GBP 1.05 billion on a cash-free, debt-free basis, signals a strategic move for DCC as it focuses on its core business areas. The transaction awaits customary regulatory approvals and is expected to complete in the third quarter of 2025. Legal advisory for DCC was provided by the Swiss law firm Niederer Kraft Frey (NKF), supported by international legal firms Cleary Gottlieb Steen & Hamilton and William Fry. NKF's team was led by partners Deirdre Ni Annrachain and Philippe Weber, and included expertise in corporate/M&A and healthcare regulatory matters.
Sectors
- Healthcare
- Private Equity
- Legal Services
- Investment and Advisory
Geography
- Ireland – DCC plc is headquartered in Dublin, Ireland.
- Switzerland – NKF, the Swiss law counsel, advised on the transaction.
- United Kingdom – DCC plc is listed on the London Stock Exchange.
- Europe – Investindustrial is a European investment group with widespread influence in the region.
Industry
- Healthcare – DCC Healthcare is the division being sold; it involves healthcare services and products.
- Private Equity – Investindustrial, the entity behind HealthCo, is a major private equity firm.
- Legal Services – The article highlights the role of NKF and other law firms in facilitating the transaction.
- Investment and Advisory – Investindustrial operates within investment and advisory, orchestrating and managing investment portfolios.
Financials
- GBP 1.05 billion – Enterprise value of DCC Healthcare on a cash-free, debt-free basis.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DCC plc | Vendor | Company | A company based in Dublin, specializing in sales, marketing, and support services, listed on the London Stock Exchange. |
| HealthCo | Buyer | Company | An investment subsidiary of funds managed by Investindustrial, acquiring DCC Healthcare. |
| Investindustrial | Private Equity Firm | Company | European investment firm managing funds, a major backer of HealthCo. |
| Niederer Kraft Frey (NKF) | Legal Advisor | Company | Swiss law firm advising DCC plc on legal aspects of the transaction. |
| Cleary Gottlieb Steen & Hamilton | Legal Advisor | Company | International law firm involved in the transaction. |
| William Fry | Legal Advisor | Company | Law firm supporting the transaction. |