Sale of Madrid– based ecological facilities platform follows multi-year change procedure
LOS ANGELES, Feb. 12, 2026/ PRNewswire/– Platinum Equity revealed today the finalizing of a conclusive arrangement to offer Urbaser to Blackstone and EQT in a deal valued at around $ 6.6 billion (EUR5.6 billion). The deal goes through traditional regulative approvals.
Urbaser is an international integrated ecological facilities platform focused on the collection, management and treatment of local and hazardous waste. The business serves more than 60 million individuals around the world through a network of more than 50,000 workers. Headquartered in Madrid, Spain, Urbaser’s core service makes up 3 sections: Urban Solutions (waste collection, street cleansing and water management), Local Waste Treatment, and Hazardous Waste Treatment.
Platinum Equity got Urbaser in October 2021 from China Tianying Inc. for a business worth of around $ 4.2 billion (EUR3.5 billion).
As part of the deal, Platinum Equity will keep Urbaser’s waste management service in Argentina which has actually been running in the area for thirty years and produced around $ 90 million (EUR80 million) of EBITDA in 2025.
” Over the previous years we have actually worked relentlessly to reinforce business, streamline its structure, and unlock its prospective as a real ecological facilities platform,” stated Louis Samson, Co‑President of Platinum Equity. “With an experienced management group in location together with a concentrated tactical strategy, the business has all the tools required for ongoing success in the next stage of its journey.”
Igor Chacartegui, Handling Director at Platinum Equity, stated: “The change of Urbaser shows the power of our M&A&O method and the strength of our on-the-ground abilities in Spain and in Europe Urbaser has actually provided strong monetary efficiency, the outcome of a multi‑year change driven by natural development efforts, functional enhancements, and extremely active and hands-on portfolio optimization. The volume and intricacy of the work we did together is difficult to explain however our company believe the outcomes promote themselves.”
Emphasizes of the change consist of:
” Platinum Equity’s collaboration has actually contributed to our success,” stated Urbaser CEO Abril‑Martorell. “Their functional and capital allotment assistance along with tactical assistance assisted hone our focus and improve the effectiveness and success of business. We take pride in what we have actually attained together.”
The sale of Urbaser follows a current refinancing of its capital structure that consisted of a mobility function for its senior financial obligation and a cross-border PIK holdco structure, both unique terms in the European funding market
” We pride ourselves in not just utilizing the most recent capital markets innovation however likewise in pressing brand-new frontiers and establishing forward-leaning options,” stated Samson. “This is another example of innovative and ingenious structuring that brings concrete worth to the purchaser and eventually to the deal.”
Samson included: “The change of Urbaser highlights the depth of our European financial investment abilities and the power of the resources we have actually put in location throughout Europe and in the Iberian Peninsula. We have actually constructed genuine momentum there, and this is another crucial turning point in our long-lasting dedication to the area.”
Citi and Santander are acting as monetary consultants to Platinum Equity on the sale of Urbaser. Latham & & Watkins LLP is acting as the company’s legal counsel.
Contact:
Dan Whelan
Platinum Equity
[email protected]
SOURCE Platinum Equity