- Biffa is an integrated waste and recycling firm headquartered in Buckinghamshire
- Biffa’s shareholders to receive 410p in cash per ordinary share of Biffa stock they owned
- ECP is a US private equity firm based in Summit, New Jersey
Energy Capital Partners (ECP) has completed the acquisition of Biffa, a UK waste management firm, in a £2.1 billion ($2.6 billion; €2.4 billion) deal.
Biffa, headquartered in Buckinghamshire, assists the waste management process from recycling, treatment and energy generation to collection, disposal, and surplus redistribution. The firm offers waste services to 100,000 UK business customers and two million households.
“We share the Biffa team’s vision to promote a more sustainable, circular economy, and are excited to partner with the company in its next phase of growth,” said Andrew Gilbert, partner at ECP. “ECP and Biffa will remain focused on providing the highest levels of service to the company’s customers.”
According to the terms of the deal, Biffa’s shareholders will receive 410 pence in cash per ordinary share of Biffa stock they held.
Biffa shares have ceased trading and will no longer be listed on the London Stock Exchange (LSE).
The Biffa board agreed the terms with ECP in September.
ECP is a US private equity firm based in Summit, New Jersey that was established in 2005. It invests across energy transition, electrification and decarbonisation infrastructure assets. The firm has completed over 60 transactions in the last 10 years, representing over $45 billion of enterprise value.
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