Energy Capital Partners, an energy transition-focused investor, completed the acquisition of Biffa plc, a UK integrated waste and recycling firm, in a ~ £2.1 billion enterprise value transaction.
Under the terms of the transaction, Biffa shareholders are entitled to receive 410p in cash per ordinary share of stock they owned. With the completion of the transaction, Biffa shares have ceased trading and will no longer be listed on the London Stock Exchange.
Led by CEO Michael Topham, Biffa supports the entire waste management process from recycling, treatment and energy generation to collection, disposal and surplus redistribution. The company currently provides essential waste services to ~100,000 UK business customers and ~2 million households, handling around eight million tons of resources every year.
Energy Capital Partners (ECP), founded in 2005, is an investor across energy transition, electrification and decarbonization infrastructure assets, including power generation, renewables and storage solutions, environmental infrastructure and efficiency & reliability assets facilitating the energy transition.
FinSMEs
31/01/2023