City trio in £1.2bn biffa take-private

A trio of City firms has bagged roles on the proposed £1.2bn take-private of waste collection company Biffa.

The board of Biffa announced it had reached an agreement with a group led by private equity houses Montagu Funds and Global Infrastructure Partners (GIP).

Biffa turned to Herbert Smith with corporate partners Stephen Wilkinson and Alan Montgomery leading.

Linklaters acted for the private equity consortium as well as providing separate advice to long-standing client Montagu.

Private equity partner Richard Youle led the Linklaters team with banking partner Adam Freeman advising on the debt side.

GIP received separate advice from Slaughter and May partner Mark Horton.