PEP bids against Hands for UK's Biffa
An investee of Australian buyout firm Pacific Equity Partners (PEP) is reportedly bidding against a rival backed by Guy Hands' Terra Firma Partners to acquire the landfill gas unit of UK waste management and waste power company Biffa.
PEP is bidding through Australian and UK waste-to-energy firm Energy Developments Ltd., while Terra Firma is backing UK industry peer Infinis. Both seek to buy the asset from private equity owners Montagu...
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