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.
Seeking an acquirer / strategic partner for this long-established national engineering contractor providing an extensive range of solutions, including specialised fabrication, pipework installation, steelwork and mechanical equipment.
Our client, with a legacy spanning over 35 years, has crafted an exceptional brand and market-leading business in the world of organic wines. Now, due to retirement plans, they are seeking the perfect successor to carry forward their legacy.
Over the past 15+ years, our client has built a successful business providing a range of commercial cleaning and soft services to its contracted and growing client base. Working predominantly within the commercial and industrial sector, our client ma...
|
03
|
|
Apr
|
Whitworths Food Group buys oils group KTC Edibles | BUSINESS SALE
Northamptonshire-based Whitworths Food Group is buying KTC E...
|
02
|
|
Apr
|
NVM exits travel tech firm Intuitive with Banyan Software deal | BUSINESS SALE
Banyan Software has bought a technology provider of end-to-e...
|
02
|
|
Apr
|
CheckFire Group buys long-standing partner PJ Fire | BUSINESS SALE
CheckFire Group, the South Wales-based fire safety equipment...
|
03
|
|
Apr
|
Whitworths Food Group buys oils group KTC Edibles | BUSINESS SALE
Northamptonshire-based Whitworths Food Group is buying KTC E...
|
02
|
|
Apr
|
Listed group Spire Healthcare buys occupational health peer Acorn | BUSINESS SALE
Listed group Spire Healthcare has bought peer Acorn Occupati...
|
02
|
|
Apr
|
CheckFire Group buys long-standing partner PJ Fire | BUSINESS SALE
CheckFire Group, the South Wales-based fire safety equipment...
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.