Private equity giants KKR & Co. and Energy Capital Partners are weighing a higher bid for energy provider DCC Plc, according to sources familiar with the matter. The potential offer increase comes as the two firms seek to secure the acquisition of the UK-based company in what could become a contested takeover situation in the energy sector.

The discussions about raising the offer suggest confidence in DCC's business model and future prospects. Energy providers have attracted significant private equity interest amid volatile energy markets and potential consolidation opportunities. A successful acquisition would mark another major deal in the European energy services sector, following several high-profile transactions in recent months.

Market watchers will monitor whether DCC's management board accepts the revised terms or faces pressure from other potential bidders. The outcome could reshape the competitive landscape in European energy distribution and services, with KKR and Energy Capital Partners potentially combining DCC with existing portfolio companies to create a larger, more efficient operator.