The saga of beleaguered waste management company Biffa was finally brought to an end last week with the agreement of a debt-for-equity swap. Such a classic tale of an over-leveraged private equity deal going sour is, as ever, popular with the papers, but how did things get so bad at Biffa?
Catch up on essential features from this past week with our round-up of industry analysis
Gym administration software company will look to expand its US activities following the round
Company will look to expand its technology and personnel resources to match expected growth
Group has undergone several refinancings since Wendel's first investment in 2006