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 vehicle accident repair centre offering general bodywork repair and other related services, including wheel alignment, air conditioning re-gas and windscreen / glass replacement. Repairs are completed to manufacturer standard by trai...
The company is a furniture and equipment hire company catering to the events industry, offering a vast stock portfolio of tables, chairs, table linen, crockery, cutlery, glassware and kitchen equipment.
Established mechanical services contractor offering a variety of HVAC, plumbing and renewables services, including heat pump installation and heat recovery ventilation.
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
Business Sale Report is your complete solution to finding great 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.