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UK’s Biffa Gets Possible Offer From Energy Capital Partners

Biffa Handles U.K. Waste
Photographer: Chris Ratcliffe
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UK waste-management company Biffa Plc received a possible bid from Energy Capital Partners LLC as demand grows for refuse and recycling services.

ECP proposed a potential offer at 445 pence a share in cash, High Wycombe-based Biffa said Tuesday. That would represent a 37% premium to its June 6 close and give a deal equity value of about £1.36 billion ($1.7 billion), Bloomberg calculations show.