Inactive Instrument

BIFFA

Equities

BIFF

GB00BD8DR117

UK waste firm Biffa agrees to Energy Capital Partners' $1.41 billion buyout deal

September 27, 2022 at 02:50 am EDT

(Reuters) - Biffa Plc has agreed to be taken over by private equity firm Energy Capital Partners (ECP) in a deal valuing the British waste-management company at about 1.3 billion pounds ($1.41 billion), the companies said on Tuesday.

The 410 pence per share deal, which comes nearly three months after Biffa first announced that it was approached by ECP, will be backed by the board, Biffa said in a statement, adding that it considers to terms to be "fair and reasonable".

($1 = 0.9234 pounds)

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Rashmi Aich)

Latest news about BIFFA

Biffa plc acquired Hamilton Waste & Recycling Limited.	Nov. 27	CI
Biffa plc acquired Esterpet Limited.	23-04-26	CI
Biffa plc acquired Total Recycling Services Limited.	23-03-23	CI
Correction: Biffa to Delist from LSE's Main Market as Bears Bidco Takeover Becomes Effective	23-01-27	MT
Correction: Biffa Delists From London Bourse Following Bears Bidco Takeover	23-01-27	MT
Biffa Delists From London Bourse Following Bead Bidco Takeover	23-01-27	MT
Biffa GBP1.3 billion takeover by ECP V is official	23-01-27	AN
Biffa to Delist from LSE's Main Market as Bead Bidco Takeover Becomes Effective	23-01-27	MT
Biffa plc(LSE:BIFF) dropped from FTSE 250 Index	23-01-27	CI
Biffa plc(LSE:BIFF) dropped from FTSE 250 (Ex Investment Companies) Index	23-01-27	CI
Biffa plc(LSE:BIFF) dropped from FTSE 350 (Ex Investment Companies) Index	23-01-27	CI
Biffa plc(LSE:BIFF) dropped from FTSE 350 Index	23-01-27	CI
Biffa plc(LSE:BIFF) dropped from FTSE All-Share Index	23-01-27	CI
Biffa plc(LSE:BIFF) dropped from S&P Global BMI Index	23-01-27	CI
Energy Capital Partners, LLC completed the acquisition of Biffa plc from Global Alpha Capital Management Ltd. Soros Fund Management LLC and others.	23-01-25	CI
Biffa Takeover by Bears Bidco Approved by UK Court	23-01-25	MT
Biffa says GBP1.3 billion takeover crosses final hurdle	23-01-25	AN
Pacific Horizon to be added to FTSE 250 as Biffa exits amid takeover	23-01-24	AN
Biffa's Acquisition by Bears Bidco Receives Regulatory Approval	23-01-17	MT
Biffa receives Gibraltar financial approval for ECP takeover	23-01-17	AN
FTSE 100 Closed Down 0.9% as BOE Warns of Tough Year Ahead	22-12-15	DJ
BOE Likely to Scale Back Rate Increase in February	22-12-15	DJ
BOE Raises Rates by 0.5 Point, Slowing Pace of Tightening	22-12-15	DJ
Sterling Could Fall Versus Euro After BOE, ECB Decisions	22-12-15	DJ
Biffa swings to half-year profit ahead of takeover by private equity	22-12-15	AN

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Company Profile

Biffa PLC is a United Kingdom-based integrated waste management company. The Company operates through two segments: Municipal, Industrial & Commercial and Specialist Services; and Resources & Energy. Collections, which encompasses Municipal, Industrial & Commercial and Specialist Services sub-divisions. Resources & Energy which consists of Inserts, Organics, Recycling and Landfill Gas sub-divisions. The Company provides various waste related services, including general waste collection, dry mixed recycling (DMR) collections, food waste management, single stream recycling, hazardous waste, environmental consultancy (Biffa consult), producer responsibility compliance schemes, unplanned waste removal, skip hire and asbestos waste disposal.

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