Friday, October 22, 2021

Platinum Fairness Acquires International Environmental Providers Enterprise Urbaser From China Tianying For $4.2 Billion

Acquisition of Madrid-Based mostly Built-in Waste Administration Firm Provides to International Buyout Agency’s Momentum in Europe Revealed: Oct. 22, 2021…

By Staff , in Platinum , at October 22, 2021

Acquisition of Madrid-Based mostly Built-in Waste Administration Firm Provides to International Buyout Agency’s Momentum in Europe

Revealed: Oct. 22, 2021 at 10:00 AM CDT|Up to date: 2 hours in the past

LOS ANGELES and MADRID, Oct. 22, 2021 /PRNewswire/ — Platinum Fairness at this time introduced that it has accomplished the acquisition of Urbaser, one of many world’s largest suppliers of environmental providers, from China Tianying Inc. for an enterprise worth of roughly $4.2 billion (€3.5 billion).

Platinum Equity Logo (PRNewsfoto/Platinum Equity)
Platinum Fairness Emblem (PRNewsfoto/Platinum Fairness)

Urbaser is a number one international environmental administration firm oriented in direction of sustainability and innovation, serving greater than 70 million individuals in 25 nations via a community of greater than 50,000 staff. At present, it’s liable for cleansing greater than 8 million kilometers of streets in numerous cities around the globe and sustaining 25 million sq. meters of inexperienced areas. It operates 133 waste therapy services with a complete of 20 million tons handled; produces 1,500 GWh {of electrical} power from waste and within the final 12 months has averted the emission of just about 2 million tons of CO2 equal.

“Urbaser is a world chief in environmental administration that’s growing revolutionary options that enhance the standard of life for individuals within the communities it serves,” stated Platinum Fairness Associate Louis Samson, who oversees the agency’s European operations. “The corporate can also be one other necessary addition to Platinum’s rising portfolio of working corporations headquartered in Europe and a direct reflection of our dedication to investing within the area. Now we have had nice success delivering divestiture options to sellers in Europe and creating worth throughout a variety of industries. Urbaser is one other thrilling step ahead.”

Different present European Platinum Fairness investments embody: wine producer Fantini Group Vini (Ortona, Italy); non-public label candy biscuits producer Biscuit Worldwide (Paris); international marine contractor De Wave Group (Genoa, Italy); seafood supplier Iberconsa (Vigo, Spain); and European trip leases group Awaze (London).

Based in 1990 and headquartered in Madrid, Spain, Urbaser’s core enterprise contains three segments – City Providers (waste assortment, avenue and seashore cleansing, inexperienced space administration and water administration), Municipal Waste Remedy, and Industrial Waste Remedy – concentrated primarily in Spain, Chile, Argentina, France, UK and the Nordic area. The corporate generated roughly $2.8 billion (€2.3 billion) in income for fiscal 12 months 2020.

“Urbaser is an impressive enterprise with robust buyer relationships, nice technical know-how, distinctive contracts and property, and an ESG profile aligned with the rising demand for sustainable options all around the world,” stated Platinum Fairness Managing Director Igor Chacartegui. “The corporate is a world chief in lots of value-added waste therapy applied sciences corresponding to waste-to-energy, anaerobic digestion, composting and regeneration services. We’re excited in regards to the alternative to proceed investing in these important options and increasing their affect.”

Along with its core providers, Urbaser has made substantial investments in R&D with a give attention to round financial system options like bioplastics, bioproducts, compost, waste oil from vessels restoration, and developments in revolutionary waste assortment practices. The corporate’s dedication to innovation is a aggressive benefit and basic to offering sustainable options for the event of city providers, built-in water administration, and therapy of municipal and industrial waste. (Extra data is accessible within the firm’s 2020 Sustainability Report.)

José María López Piñol is constant to guide Urbaser as Chief Government Officer.

“We consider Platinum is the right associate to assist speed up our progress and help our efforts to create new sustainability options that may assist our clients deal with the advanced environmental challenges they face,” stated Mr. López Piñol. “Their monetary and operational assets will probably be tremendously helpful in our efforts to realize Urbaser’s long-term strategic targets.”

Citi and Santander are serving as funding advisors to Platinum Fairness on the acquisition of Urbaser. Latham and Watkins is serving because the agency’s authorized counsel.

Further perception into the Urbaser acquisition is accessible right here: Managing Director Igor Chacartegui talks in regards to the significance of belief, relationships and ESG in Platinum’s newest European buyout.

About Platinum Fairness
Based in 1995 by Tom Gores, Platinum Fairness is a world funding agency with greater than $25 billion of property beneath administration and a portfolio of roughly 50 working corporations that serve clients around the globe. The agency is at present investing from Platinum Fairness Capital Companions V, a $10 billion international buyout fund, and Platinum Fairness Small Cap Fund, a $1.5 billion buyout fund targeted on funding alternatives within the decrease center market. Platinum Fairness makes a speciality of mergers, acquisitions and operations – a trademarked technique it calls M&A&O® – buying and working corporations in a broad vary of enterprise markets, together with manufacturing, distribution, transportation and logistics, tools rental, metals providers, media and leisure, expertise, telecommunications and different industries. Over the previous 25 years Platinum Fairness has accomplished greater than 300 acquisitions.

Media Contact:
Dan Whelan, Platinum Fairness
(310) 282-9202
[email protected]

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SOURCE Platinum Fairness

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