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


Category Private Equity Firm
Founded 2005
PE ASSETS 31.0B 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 51 of 56
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
2022-12-01 Harvestone Low Carbon Partners

Underwood, North Dakota, United States

Harvestone Low Carbon Partners is a midwestern biofuels enterprise that owns Blue Flint, a 73 million gallon per year biorefinery in operation since 2007 near Underwood, North Dakota; Dakota Spirit, a 75 million gallon per year biorefinery in operation since 2015 near Spiritwood, North Dakota; and Iroquois Bio Energy Company, a 50 million per year biorefinery in operation since 2007 at Rensselaer, Indiana. Harvestone Low Carbon Partners is based in Underwood, North Dakota.

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 -