31 October 2013
B P Collins LLP proves to be an asset in Biffa acquisition
Full-service law firm, B P Collins LLP, helps UK’s leading integrated waste management business to acquire a majority of Shanks’ UK solid waste business
Thames Valley based law firm, B P Collins LLP advised Buckinghamshire-based waste and recycling company, Biffa Waste Services Limited, on its acquisition of the majority of Shanks Waste Management Limited’s UK solid waste business for £9.5 million.
The acquisition includes the transfer of 11 waste transfer facilities in England and Scotland and around 300 employees will transfer to Biffa.
The transaction, which is subject to regulatory approvals, is due to be completed by the end of December 2013.
The transaction team, drawn from B P Collins LLP’s corporate and commercial, employment and commercial property practices, was led by partner, Alex Zachary, who commented: "We are delighted to have helped Biffa further consolidate its position as a UK market leader in solid waste."
Ian Wakelin, CEO of Biffa, said: “This acquisition will enable us to leverage our national infrastructure, grow our market share and enhance our leading industrial and commercial services. It is a progressive move for Biffa in line with industry trends towards consolidation to match waste volume levels. Biffa has a strong platform for growth based on its reputation for excellent customer service and its infrastructure. We are pleased to be able to continue to invest in the business and enhance our position at the forefront of the evolving waste management industry.”
He continues: “We really value our long-term relationship with the B P Collins LLP team, who once again provided outstanding support and played a crucial role in the success of this complex project.”
Alex Zachary, corporate and commercial
Michael Larcombe, commercial property
Maria Mowberry, commercial property
Jo Davis, employment
Chris Brazier, employment