seems like biffa is up for sale, private equity firm that has owned it for several years has saddeled it with over a £1bn of debet, and now want out, looks like another company that has been ruined by the money movers in this country 
ft.com/cms/s/0/2b6d4cce-78e1 … z1udhpiOLM full storey here
Heard something about this the other day wasn’t paying much attention but was along the lines company would be bought for free if the debt was taken on.
wildfire:
Biffa for sale as high debt takes toll full storey here
Can’t seem to read the article without registering 
I noticed they’re no longer at Radley near Tuckwells. Didn’t they buy Hales Waste from RMC just before Cemex took over?
they recently brought greenstar ,as they were taking all their work away
how did they manage to get the money for that 
1.2 billion 
in todays climate nobody will be buying that. Company will be liquidated, drivers will lose thier jobs all thanks to incompetent ■■■■■■■■ at the top driving their bentleys 
Surely, if a private equity firm goes under owing any amount at all, the fully owned asset of Biffa would be sold on as a going concern, in the same way that Lehman Brother’s stocks and shares in bank accounts would just be wound up to raise money for the bankruptcy. The asset retains all value, as well as any shiny banknotes in possession of the firm going under.
What I would see therefore, is Biffa as a fully operational business being sold off in a fire sale to some lucky bugger who’s got enough cash to buy it without resorting to any further debt, which the receivers of the holding firm would be unlikely to countenance. 
Who originally owned it by the way? - Mutha or Fatha? 
Winseer:
Surely, if a private equity firm goes under owing any amount at all, the fully owned asset of Biffa would be sold on as a going concern, in the same way that Lehman Brother’s stocks and shares in bank accounts would just be wound up to raise money for the bankruptcy. The asset retains all value, as well as any shiny banknotes in possession of the firm going under.What I would see therefore, is Biffa as a fully operational business being sold off in a fire sale to some lucky bugger who’s got enough cash to buy it without resorting to any further debt, which the receivers of the holding firm would be unlikely to countenance.
Who originally owned it by the way? - Mutha or Fatha?
the private equity firm won’t go down. they bought the firm and then once they had control, used the assets to borrow money to pay the equity firm back the money it used to buy it, then the idea is that the company then trades and pays off the loans and the equity firm takes the percentage of the profits, but if in this case the company is not lightly to be able to continue paying back its loans the equity company will look to get shot of it, they are not going to loose as they already have their money back
Mmm, Rumours. Not confirmed down here yet!!
Maybe why they all seem to do 40 and 49mph nowadays?
Veolia will buy
You heard it here first
merc0447:
1.2 billion
If you read the articles, they are essentially offering the company for zero £’s on condition the debt is taken on & serviced. The company has a lot of assets and still generates decent profits it’s just that the equity firm has decided it wants rid of, but it will definitely be bought and the private equity firm will still receive a share of future profits from possible mergers in the future. These guys aren’t daft.