Business
PLATINUM EQUITY TO SELL GLOBAL ENVIRONMENTAL SERVICES BUSINESS URBASER TO BLACKSTONE AND EQT FOR $6.6 BILLION
Platinum Equity announced today the signing of a definitive agreement to sell Urbaser to Blackstone and EQT in a transaction valued at approximately $6.6 billion (€5.6 billion). The transaction is subject to customary regulatory approvals.
About this update from China Tianying Inc
[{"type":"text","content":"Sale of Madrid-based environmental infrastructure platform follows multi-year transformation process ","length":100,"tagName":"p","attribs":{}},{"type":"text","content":"LOS ANGELES, Feb. 12, 2026 /PRNewswire/ -- Platinum Equity announced today the signing of a definitive agreement to sell Urbaser to Blackstone and EQT in a transaction valued at approximately $6.6 billion (€5.6 billion). The transaction is subject to customary regulatory approvals.","length":282,"tagName":"p"},{"type":"text","content":"Urbaser is a global integrated environmental infrastructure platform specialized in the collection, management and treatment of municipal and industrial waste. The company serves more than 60 million people across the globe through a network of more than 50,000 employees. Headquartered in Madrid, Spain, Urbaser's core business comprises three segments: Urban Services (waste collection, street cleaning and water management), Municipal Waste Treatment, and Industrial Waste Treatment.","length":490,"tagName":"p","attribs":{}},{"type":"text","content":"Platinum Equity acquired Urbaser in October 2021 from China Tianying Inc. for an enterprise value of approximately $4.2 billion (€3.5 billion).","length":143,"tagName":"p","attribs":{}},{"type":"text","content":"As part of the transaction, Platinum Equity will retain Urbaser's waste management business in Argentina which has been operating in the region for 30 years and generated approximately $90 million (€80 million) of EBITDA in 2025.","length":233,"tagName":"p","attribs":{}},{"type":"text","content":""Over the past years we have worked tirelessly to strengthen the business, simplify its structure, and unlock its potential as a true environmental infrastructure platform," said Louis Samson, Co‑President of Platinum Equity. "With a seasoned management team in place alongside a focused strategic plan, the company has all the tools necessary for continued success in the next phase of its journey."","length":420,"tagName":"p","attribs":{}},{"type":"text","content":"Igor Chacartegui, Managing Director at Platinum Equity, said: "The transformation of Urbaser demonstrates the power of our M&A&O approach and the strength of our on-the-ground capabilities in Spain and in Europe. Urbaser has delivered strong financial performance, the result of a multi‑...