Private Equity Consortium Offers Pounds 1.2bn for Biffa ; Waste Services

Birmingham Post › February 09, 2008

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Summary

Waste collection and recycling firm Biffa - formerly part of Birmingham-based Severn Trent - has agreed to a pounds 1.2 billion takeover deal from a group of private equity investors.

A consortium of various entities within the Montagu Funds, the Global Infrastructure Partners Funds and UCIL has offered the company's board 350p a share.

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Extract

Private Equity Consortium Offers Pounds 1.2bn for Biffa ; Waste Services

The agreement comes after Montagu Private Equity and GE-backed GIP confirmed in late January that they were interested in pursuing a cash offer for the...

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