URBASER acquired by 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.
URBASER, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN.
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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.
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Historical Financials (EUR)
Other operations with URBASER
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 02/2026 | BLACKSTONE / EQT PARTNERS | URBASER | SPAIN | Utilities (Regulated Infrastructure) | 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. |
REFERENCES
Valuation range: EV 3b - 100b EUR
Revenue range: 1b - 3b EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: urbaser
Acquirer: platinum equity