Private equity firms Energy Capital Partners and KKR saw their offer for DCC rejected, according to PE Hub reports. Meanwhile, Bain & Co research indicates tech investors should prepare for an environment of higher competition and partial exits in the coming period.

The rejected DCC offer marks a notable setback for the acquirers, with the target company's board evidently unwilling to move forward at the proposed terms. This development adds to ongoing caution in the energy transition investment space.

In a separate transaction, Partners Group deployed additional equity to support its UK portfolio company North Star's acquisition of four offshore wind Service Operation Vessels from Edda Wind. The deal underscores continued institutional appetite for renewable infrastructure assets despite broader market uncertainty.