Juli 2023
UK & Ireland, > £500m

Liberty advises the management team of Biffa on the acquisition by Energy Capital Partners for £1.3 billion

Liberty are delighted to announce that it has advised the management team of Biffa on their acquisition by ECP.

Energy Capital Partners (ECP) has completed its acquisition of Biffa for an approximate total of £1.3 billion. Shareholders will receive 410 pence per share.

Biffa has been at the forefront of the UK's waste management industry for over 100 years, with a commitment to enabling the development and prosperity of a circular economy. With sustainability as a central operating principle, Biffa supports the entire waste management process from recycling, treatment and energy generation to collection, disposal and surplus redistribution. The Company today provides essential waste services to ~100,000 UK business customers and ~2 million households, handling around eight million tons of resources every year.

Biffa first received the takeover offer in June 2022 with a proposal for 445 pence per share – valuing the waste and recycling firm at around £1.36 billion. The takeover was agreed upon in September 2022.

The decision to sell Biffa came following an evaluation by the company’s board and financial adviser, Rothschild and Co.

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Dan Martinez
+44 (0) 7398 212 298