Mon, 08 Mar 2010 | BUSINESS SALE
Waste management company Biffa has announced it is selling one of its divisions for £350 million.
The firm is opting to sell the division that generates electricity from landfill gas. The proceeds will be used to build a series of high-tech recycling plants across the UK, according to reports from industry insiders.
The business is the second largest landfill gas generator and has about ten per cent of the UK market. It currently has a capacity to generate around 100 megawatts from landfill gas that it burns in small power plants to produce the electricity.
Industry sources claim that Deutsche Bank, who is acting as Biffa’s advisor in the sale, has been sending out ‘teasers’ to potential buyers. It is thought that full information about the sale is due to be sent out within two weeks, although this has not been confirmed by Deutsche Bank.
Potential buyers include Eon, Iberdrola and RWE, which are all established energy firms in the UK. However, another potential group of suitors is the private equity market, and are likely to including players like Terra Firma, 3i and Riverstone.
Analysts claim the business arm up for sale offers steady returns.
The company is a B2B supplier specialising in personalised giftware made to order. As part of the business’s services, all manufacturing is completed in-house, enabling full control over product quality and production processes.
This construction and renovation business, easily repositionable, specialises in servicing schools and educational institutions, boasting a robust client base across South Wales school frameworks.
This leading on-site automotive refurbishment company boasts a longstanding reputation for quality and expertise, servicing over 200 clients with a remarkable 95% repeat business rate.
|
11
|
|
Jun
|
Dwelly acquires Cheltenham-based agency in sixth deal of 2026 | BUSINESS SALE
Lettings and property management group Dwelly has acquired C...
|
10
|
|
Jun
|
Food order management platform acquires UK food supplier software firm | BUSINESS SALE
Fresh food order management platform Fresho has acquired Nat...
|
10
|
|
Jun
|
Rokewood administrators seek buyer for £1.4m Norfolk horticultural site | ADMINISTRATION
Administrators for oriental vegetable grower Rokewood Limite...
|
11
|
|
Jun
|
Dwelly acquires Cheltenham-based agency in sixth deal of 2026 | BUSINESS SALE
Lettings and property management group Dwelly has acquired C...
|
10
|
|
Jun
|
Vacuum tanker manufacturers merge and target long-term growth | MERGER
A pair of vacuum tanker manufacturers have merged as part of...
|
10
|
|
Jun
|
Rokewood administrators seek buyer for £1.4m Norfolk horticultural site | ADMINISTRATION
Administrators for oriental vegetable grower Rokewood Limite...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.