← Database
M&A

URBASER

Acquired by

PLATINUM EQUITY

SPAIN Utilities (Regulated Infrastructure) EV [1b EUR - 100b EUR] 06/2021

Target

URBASER

Acquirer

PLATINUM EQUITY

Context

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.

The transaction values URBASER at an EV/Revenue multiple of LOGIN.

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

LOGIN

Equity Value

LOGIN

Multiples Analysis

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2022
LOGIN
LOGIN
LOGIN
2021
LOGIN
LOGIN
LOGIN

Other operations with URBASER

DateAcquirerTargetCountrySectorDeal Context
02/2026BLACKSTONE / EQT PARTNERSURBASERSPAINWaste Management

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.

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.