M&A Deal Summary

Biffa Acquires Keenan Recycling

On November 1, 2024, Biffa acquired environmental company Keenan Recycling from BGF

Acquisition Highlights
  • This is Biffa’s 6th transaction in the Environmental sector.
  • This is Biffa’s 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-11-01
Target Keenan Recycling
Sector Environmental
Buyer(s) Biffa
Sellers(s) BGF
Deal Type Add-on Acquisition

Target

Keenan Recycling

Aberdeen, United Kingdom
Keenan Recycling is a provider of commercial food waste collection services. The business processes food and organic waste turning it into British Standards Institute accredited compost. Keenan Recycling was founded in 2003 and is based in Aberdeen, United Kingdom.

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Buyer(S) 1

Buyer

Biffa

High Wycombe, United Kingdom

Category Company
Sector Environmental
Revenue 1.4B GBP (2022)
DESCRIPTION

Biffa is a sustainable waste management company that provides unrivaled end-to-end waste and recycling solutions for thousands of businesses and millions of households each day. Underpinned by its carbon collection network, the company enables the UK circular economy by continuing to build our plastic recycling capacity, investing in energy recovery, and growing the amount of surplus produce redistributing through Company Shop. Biffa is based in High Wycombe, United Kingdom.


DEAL STATS #
Overall 7 of 7
Sector: Environmental M&A 6 of 6
Type: Add-on Acquisition M&A Deals 6 of 6
Country: United Kingdom M&A 6 of 6
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-30 Renewi - UK Municipal

Milton Keynes, United States

Renewi's UK Municipal focuses on extracting value from waste and used materials. Renewi's UK Municipal is based in Milton Keynes, United Kingdom.

Buy -

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 125 of 131
Sector: Environmental M&A 5 of 5
Type: Add-on Acquisition M&A Deals 68 of 70
Country: United Kingdom M&A 119 of 125
Year: 2024 M&A 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-17 DriveWorks

Cheshire, United Kingdom

DriveWorks works with manufacturing and engineering businesses to provide design automation and 3D sales product configuration software. DriveWorks software as a design tool to automate SOLIDWORKS, 3D CAD design platform. DriveWorks was founded in 2001 and is based in Cheshire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-05 MorphCusotmes

Edinburgh, United Kingdom

MorphCusotmes is a fancy dress and party fashion company behind the Morphsuits phenomenon. The company offers over 80 different designs. Morphsuits have now expanded their range into their brand Morph Costumes where they sell general fancy dress costumes for Men's, Women's and Kids in a variety of sizes. MorphCusotmes was founded in 2009 and is based in Edinburgh, United Kingdom.

Sell -