The £5.7bn private equity bid for FTSE-listed energy group DCC — led by KKR and a Bridgepoint subsidiary — signals global investors still see value buried in UK-listed assets. If the deal crosses the line, shareholders bank a premium, and the message to international markets is clear: British energy infrastructure is cheap enough to chase.

The Bear Case

Three of the UK's most influential institutional investors — Ninety One, Aviva Investors and...