MECOMER acquired by SECHE ENVIRONNEMENT

Veolia has announced the acquisition of Enviropacific from Next Capital, as part of its strategic GreenUp plan to enhance its exposure to environmental security and emerging contaminants, while consolidating its presence in the Australian market. This move comes amidst a backdrop of increasingly stringent environmental regulations and growing demand for remediation services driven by industrial, military, and airport activities. These trends are fueling the need for solutions to address PFAS treatment, hazardous waste management, and contaminated site remediation

Seche Environnement has signed an agreement to acquire Eco Industrial Environmental Engineering, the leading player in Singapore's hazardous waste market. This strategic entry into Southeast Asia allows the French group to support its industrial clients in a high-growth region. By integrating Eco's specialized treatment and recovery capabilities, Seche significantly strengthens its international footprint and enhances its overall growth and profitability profile.

2BSI has completed a new LBO to accelerate its growth in material and energy recovery. Specializing in niche markets like concrete and wood waste recycling, the group maintains long-term partnerships with major institutions such as Enedis and SNCF. This transaction supports 2BSI's goal to lead the circular economy and energy transition by controlling its entire value chain, from infrastructure waste collection to the production of high-value recycled products.

TPG Rise Climate has agreed to acquire a majority controlling stake in A-Gas from KKR. The transaction represents a doubling down on TPG's thematic focus on the circular economy. The strategic rationale centers on scaling A-Gas's ability to recover and recycle critical gases globally, thereby reducing the carbon footprint of the HVAC and industrial sectors. TPG intends to leverage its specific expertise in the US carbon credit market to unlock new value streams for the company. KKR, which had owned the business since 2017, will retain a significant minority stake to partner with TPG in the next phase of growth, while the minority investor LDC will fully exit

The acquisition of Itelyum by Stirling Capital Partners represents a significant secondary buyout involving the transition of the company from the seller’s third fund to its fourth fund, accompanied by a strategic minority investment from DBAG. The deal structure involves a capital injection and ownership realignment intended to provide the necessary resources for the next phase of international growth and organizational scaling. The strategic rationale for the transaction is twofold: to consolidate the company’s market-leading position in the circular economy and to aggressively pursue an inorganic growth strategy, with a specific focus on expanding the platform’s European footprint, particularly into the German market

Platinum Equity acquired the global activities of Urbaser from the Chinese group China Tianying (CNTY). This transaction marks the entry of the US fund into the European environmental services sector. The deal includes the French subsidiary, Urbaser Environnement, which holds major contracts with metropolises like Paris, Marseille, Montpellier, and Nantes. The group manages 133 waste treatment facilities globally and produces 1,500 GWh of energy from waste.

Antin Infrastructure Partners has entered into an agreement to acquire Idex, a French operator specializing in urban energy infrastructure and associated services. This transaction marks a significant milestone in the consolidation of France's energy infrastructure sector, driven by public policies focused on energy transition and the development of district heating networks as a viable alternative to traditional heating solutions. Although these infrastructure networks currently only cover a limited portion of national needs, they have substantial growth potential, supported by decarbonization objectives

Pan-European private equity firm Triton Funds has successfully signed a definitive Sale and Purchase Agreement to acquire the specialized recycling operator Befesa from the Spanish multinational Abengoa. This transaction represents a classic, large-scale secondary buyout and corporate carve-out, securing a dominant market leader in a highly specialized industrial niche. The strategic rationale underpinning this value-accretive deal is deeply rooted in the target’s exceptional potential for international expansion and its robust, defensible core operations across Germany and broader Europe

Cube Infrastructure, a leading infrastructure fund, has acquired Idex from IK Investment Partners, marking the end of a nearly seven-year partnership during which the French energy services specialist refocused its business and strengthened its position in district heating infrastructure and environmental services. Founded in the Paris region, Idex is an independent energy services operator that serves local authorities, industrial clients, and the tertiary sector. Under IK Investment Partners' ownership, Idex underwent a profound strategic transformation to concentrate on its most profitable business areas

Idex S.A. has been acquired by Industri Kapital (IK Partners) as part of the latter's 2000 Fund investment strategy. The transaction was executed through a purchase agreement that transferred the equity of Idex from the founding family and existing financial investors to the private equity vehicle. This acquisition follows Industri Kapital's prior investments in French technical service firms and marks its first full buy‑out of a family‑owned company in the country. The rationale for the purchase centers on Industri Kapital's intent to deepen its exposure to the energy and environment services sector, leveraging Idex's established contract base with municipalities and industrial clients