Biffa’s £126 Million Acquisition Of Viridor Collections Business And Certain Recycling Assets

Ashurst advised Biffa plc on the deal.

Biffa plc acquired the Collections business and certain Recycling assets of Viridor Waste Management Limited (Viridor).

The UK’s leading sustainable waste management company, Biffa covers the entire breadth of the waste management process including collection, recycling, treatment, disposal and energy generation. Viridor is a recycling, renewable energy and waste management company, which has been owned by KKR since early 2020.

The acquisition is a significant step in Biffa’s growth strategy as a leading enabler of the UK circular economy, and demonstrates a continued commitment to its sustainability strategy. It also strengthens Biffa’s position as one of the largest recyclers of post-consumer materials in the UK and reinforces the Group’s leading position in closed-loop recycling.

The Ashurst team advised across the breadth of the transaction. Global head of corporate Jason Radford (Picture) led the team, supported by corporate partner Richard de Carle and UK head of corporate Karen Davies, senior associate Dallan Pitman, associate Camilla Booth-Clibborn and trainee Aruse Okaisabor. Senior associate Liz Parkin and associate Imene Hamdi-Cherif advised on employment law aspects. Projects partner Cameron Smith and associate Zarin Begum also advised on the commercial contracts. Counsel John Gordon advised on pensions matters and partner Nicholas Gardner and associate Shayaan Bari Zaraq advised on tax. Real estate partner Jamie Chapman, senior associate Julie Connelly and associates Lucy Picton-Turbervill and Josie Oliver and Rebecca Fenton advised, together with environment partner Eleanor Reeves and senior associate James Nierinck and planning partner Claire Dutch and associate Charlotte Coyle.

Involved fees earner: Shayaan Zaraq Bari – Ashurst; Zarin Begum – Ashurst; Camilla Booth-Clibborn – Ashurst; Jamie Chapman – Ashurst; Julie Connelly – Ashurst; Charlotte Coyle – Ashurst; Karen Davies – Ashurst; Richard de Carle – Ashurst; Claire Dutch – Ashurst; Rebecca Fenton – Ashurst; Nicholas Gardner – Ashurst; John Gordon – Ashurst; Imene Hamdi-Cherif – Ashurst; James Nierinck – Ashurst; Josie Oliver – Ashurst; Liz Parkin – Ashurst; Lucy Picton-Turbervill – Ashurst; Dallan Pitman – Ashurst; Jason Radford – Ashurst; Eleanor Reeves – Ashurst; Cameron Smith – Ashurst;

Law Firms: Ashurst;

Clients: Biffa PLC;

Author: Federica Tiefenthaler