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Biffa Plc
http://www.biffa.co.uk/
Deal Type: Public to PrivateDate: April 2008
Status: In Portfolio
Purchase Price: £1.7bn
Funds Raised: £1.7bn
Industry Sector: Waste Management
Interested in contacting us about this deal?
Jason GatenbyChief Executive
T: +44 20 7336 9947
E: jason.gatenby@ montagu.com
Detailed Information
In April 2008 Montagu Private Equity successfully completed the
£1.7bn take private of Biffa Plc, a leading UK waste management
company, in partnership with Global Infrastructure Partners and
HBOS Fund Investments.
Biffa is one of the UK’s leading integrated waste management businesses. It is the market leader in industrial and commercial waste collection, collecting 3.3 million tonnes of waste from c.75,000 customers. It is one of the top three landfill site operators in the UK with 32 active landfill sites, comprising 76m m3 of consented void. It is also one of the top three in municipal collection, and operates 18 municipal collection contracts and 2 PFI contracts. Its landfill gas operations are a significant provider of renewable energy in the UK with interests in c.111 MW of installed capacity.
In the year to 31st March 07 Biffa achieved EBITDAP of £162m on sales of £743m. The company employs approximately 5,100 people, is headquartered in High Wycombe and operates solely in the UK.
Biffa was an attractive target for Montagu because it is a market leading business with an excellent record of profit growth and cash generation and a tradition of operating excellence. There is rising, sustainable demand for waste management services in the UK and this is a sector we understand well and where we have a demonstrable track record of success.
Montagu’s early identification of this opportunity, and our experience of the sector were key to our success in this transaction.
Biffa is one of the UK’s leading integrated waste management businesses. It is the market leader in industrial and commercial waste collection, collecting 3.3 million tonnes of waste from c.75,000 customers. It is one of the top three landfill site operators in the UK with 32 active landfill sites, comprising 76m m3 of consented void. It is also one of the top three in municipal collection, and operates 18 municipal collection contracts and 2 PFI contracts. Its landfill gas operations are a significant provider of renewable energy in the UK with interests in c.111 MW of installed capacity.
In the year to 31st March 07 Biffa achieved EBITDAP of £162m on sales of £743m. The company employs approximately 5,100 people, is headquartered in High Wycombe and operates solely in the UK.
Biffa was an attractive target for Montagu because it is a market leading business with an excellent record of profit growth and cash generation and a tradition of operating excellence. There is rising, sustainable demand for waste management services in the UK and this is a sector we understand well and where we have a demonstrable track record of success.
Montagu’s early identification of this opportunity, and our experience of the sector were key to our success in this transaction.