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
Director Théodore Schneider will reinvest alongside CVC to retain a 20% stake in the company
Sale follows a three-year tenure and reportedly values the care home operator at €236m
Following a three-year holding period, the GP sells its stake to a consortium led by Hat Orizzonte