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Announced

Biffa to acquire collections business and certain recycling assets of KKR-backed Viridor for $178m.

Financials

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Transaction Value£126m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.5x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

United Kingdom

Private

Waste and Disposal Services

Majority

Single Bidder

waste collection

recycling facility

Acquisition

Domestic

Friendly

Private Equity

Synopsis

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Biffa, a waste management company, agreed to acquire collections business and certain recycling assets of KKR-backed Viridor, a recycling, renewable energy and waste management company, for $178m. “The acquisition of Viridor’s Collections business, and certain Recycling assets, is a compelling opportunity for Biffa. The addition of Viridor’s $120m collections revenues builds on the Group’s strong track record as the leading market consolidator in the highly fragmented I&C collections market. In addition, the acquired recycling and treatment assets broadens our coverage and control of materials, strengthening Biffa’s position as one of the largest recyclers of post-consumer materials in UK," Michael Topham, Biffa CEO.

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