Platinum Equity Agrees to Sell Urbaser to Blackstone and EQT for €5.8 billion

Cuatrecasas has advised US private equity firm Platinum Equity on selling Spanish environmental services giant Urbaser to a consortium formed by US venture capital manager Blackstone and the Swedish EQT.

Following the €5.8 billion transaction, Blackstone and EQT will each own a 50% stake in Urbaser and will jointly manage the company. Founded over three decades ago, Urbaser is a leading provider of comprehensive waste management solutions and environmental services, focused on maximizing recycling and resource generation through long-term contracts with municipalities and industrial clients.

Platinum Equity—which has worked in recent years to strengthen Urbaser’s business and unlock its full potential—is a global firm specializing in mergers, acquisitions, and corporate transactions involving companies that provide technology, communications, manufacturing, healthcare, and other services. With a portfolio of 50 companies from different sectors and regions, and offices in over 20 countries, it operates as a private equity firm, providing financing and other resources for the companies it acquires.