"Global Infrastructure Partners (GIP), the investment group backed by General Electric, is considering a bid for Biffa, Britain's third-biggest waste services company, of up to £1.5 billion. The interest from GIP, a joint venture between Credit Suisse and GE Infrastructure, will be a blow to Montagu Private Equity and Hg Pooled Management. The private equity groups raised their offer for the waste services group by 20p to 350p a share in December. The offer valued Biffa at £1.2billion."
http://business.timesonline.co.uk/tol/business/industry_sectors/support_services/article3221621.ece