Latham Advises Energy Capital Partners on £2.1 Billion Completed Acquisition of Biffa
Latham & Watkins advised Energy Capital Partners (ECP) a leading energy transition-focused investor with a nearly two-decades-long track record of investments in the electricity, clean energy, renewable, and sustainable solutions sectors, on its completed acquisition of Biffa plc, the UK's leading integrated waste and recycling firm, in a £2.1 billion enterprise value transaction.
Under the terms of the transaction, Biffa shareholders received £410 in cash per ordinary share of Biffa stock they owned. With the completion of the transaction, Biffa shares have ceased trading and will no longer be listed on the London Stock Exchange.
The Latham team was led by London corporate partners David Walker and Douglas Abernethy and finance partners Jeff Greenberg, Charles Armstrong, and Steve Curtis.