M&A Deal Summary

ECP Acquires Biffa

On January 27, 2023, private equity firm ECP acquired environmental company Biffa for 2.1B GBP

Acquisition Highlights
  • This is ECP’s 4th transaction in the Environmental sector.
  • This is ECP’s 2nd largest (disclosed) transaction.
  • This is ECP’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2023-01-27
Target Biffa
Sector Environmental
Buyer(s) ECP
Deal Type Going Private
Deal Value 2.1B GBP

Target

Biffa

High Wycombe, United Kingdom
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.

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Buyer(S) 1

Buyer

ECP

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 27.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ECP is a specialist private equity firm focused on investments in energy infrastructure. Specific areas of interest include power generation, including renewable energy facilities; electric transmission; midstream gas, including gas storage and pipelines; and other energy service businesses and infrastructure assets. The Firm primarily targets opportunities located in North America. ECP was formed in 2005 and is based in Summit, New Jersey.

DEAL STATS #
Overall 46 of 51
Sector (Environmental) 4 of 4
Type (Going Private) 4 of 5
Country (United Kingdom) 1 of 2
Year (2023) 1 of 3
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Metrus Energy

San Francisco, California, United States

Metrus provides innovative EaaS financing solutions for large-scale energy-efficiency and renewable-energy projects. The Company’s signature Sustainable Energy Services Agreement (SESA) product is a proven financing tool that enables commercial, industrial, and institutional customers to undertake large energy and water efficiency projects with no upfront capital outlay. It has successfully implemented energy and water efficiency upgrades in over 690 facilities nationwide, saving nearly 785 thousand metric tons of CO2 for a wide range of customers, including Fortune 500 and education sector clients. Metrus was formed in 2009 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-20 Braya Renewable Fuels

Dallas, Texas, United States

Braya Renewable Fuels owns and operates the Come By Chance Refinery. The refinery plans to produce renewable fuel and sustainable aviation fuel to help decarbonize the heavy road transport and aviation sectors. Braya Renewable Fuels is based in Dallas, Texas.

Buy -
Mergr

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