At what enterprise value was URBASER acquired in 2026?

You can find the full valuation details of URBASER on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA.

What was the EV/EBITDA of URBASER when it was acquired by BLACKSTONE / EQT PARTNERS?

The estimated EV/EBITDA multiple for URBASER is in the range of 10x - 18x. Join our community for free to access full valuation data and industry trends.

When was URBASER acquired by BLACKSTONE / EQT PARTNERS?

URBASER was acquired by BLACKSTONE / EQT PARTNERS in 2026.

What was the EBITDA of URBASER during the acquisition?

URBASER's EBITDA is estimated to be in the range of 450M - 900M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the URBASER acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the URBASER deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.blackstone.com/news/press/blackstone-infrastructure-and-eqt-to-acquire-urbaser/

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Home DatabaseURBASER

02/2026

URBASER acquired by BLACKSTONE & EQT PARTNERS

SPAIN Utilities (Regulated Infrastructure) / Waste Management EV 3b - 100b EUR

Context

Blackstone Infrastructure and EQT Infrastructure agreed to jointly acquire Urbaser from Platinum Equity. The two firms will each own 50% of the company and co-manage the asset. The transaction supports Urbaser's strategy to lead the transition towards a circular economy. The new owners plan to invest in expanding the industrial waste segment while maintaining strong municipal relationships. The deal is subject to customary regulatory approvals.

In the past, Urbaser underwent an LBO led by Platinum Equity in 2021.

URBASER, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of .

Target

Founded over 30 years ago, Urbaser is a global leader in integrated waste management and environmental services. The company focuses on maximizing recycling and regeneration through long-term contracts with municipalities and Corporate clients. It operates advanced waste treatment facilities, including energy-from-waste plants.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2025

2024

Other operations with URBASER

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
06/2021	PLATINUM EQUITY	URBASER	SPAIN	Waste Management

REFERENCES

Valuation range: EV 3b - 100b EUR

EBITDA range: 450M - 900M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of URBASER by BLACKSTONE / EQT PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: urbaser

Acquirer: blackstone / eqt partners