Friday, October 22, 2021


Platinum Fairness Acquires World Environmental Companies Enterprise Urbaser From China Tianying For $4.2 Billion

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

By Staff , in Platinum , at October 22, 2021


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

Printed: Oct. 22, 2021 at 9:00 AM MDT|Up to date: quarter-hour in the past

LOS ANGELES and MADRID, Oct. 22, 2021 /PRNewswire/ — Platinum Fairness right this moment introduced that it has accomplished the acquisition of Urbaser, one of many world’s largest suppliers of environmental companies, 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 world environmental administration firm oriented in the direction of sustainability and innovation, serving greater than 70 million individuals in 25 nations by means of a community of greater than 50,000 workers. At the moment, it’s chargeable for cleansing greater than 8 million kilometers of streets in numerous cities world wide 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 yr has prevented the emission of just about 2 million tons of CO2 equal.

“Urbaser is a world chief in environmental administration that’s growing progressive options that enhance the standard of life for individuals within the communities it serves,” stated Platinum Fairness Accomplice Louis Samson, who oversees the agency’s European operations. “The corporate can also be one other essential addition to Platinum’s rising portfolio of working firms 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); personal label candy biscuits producer Biscuit Worldwide (Paris); world 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 Companies (waste assortment, road 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 yr 2020.

“Urbaser is an impressive enterprise with sturdy buyer relationships, nice technical know-how, distinctive contracts and belongings, 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 akin to waste-to-energy, anaerobic digestion, composting and regeneration services. We’re excited concerning the alternative to proceed investing in these important options and increasing their influence.”

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

José María López Piñol is continuous to steer Urbaser as Chief Govt Officer.

“We consider Platinum is the right companion to assist speed up our development and assist our efforts to create new sustainability options that may assist our prospects sort out the advanced environmental challenges they face,” stated Mr. López Piñol. “Their monetary and operational assets will likely be tremendously useful in our efforts to attain Urbaser’s long-term strategic objectives.”

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.

Extra perception into the Urbaser acquisition is out there right here: Managing Director Igor Chacartegui talks concerning 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 belongings beneath administration and a portfolio of roughly 50 working firms that serve prospects world wide. The agency is presently investing from Platinum Fairness Capital Companions V, a $10 billion world 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 focuses on mergers, acquisitions and operations – a trademarked technique it calls M&A&O® – buying and working firms in a broad vary of enterprise markets, together with manufacturing, distribution, transportation and logistics, tools rental, metals companies, media and leisure, know-how, 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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