Blackstone Acquires DESOTEC; EQT Mid Market Europe Takes 15% Stake
March 18, 2021
Private equity funds managed by Blackstone agreed to acquire Belgium-based DESOTEC from the EQT VII fund, with EQT Mid Market Europe exercising a co‑investment option to acquire a 15% minority stake and board representation. The transaction, which closed May 31, 2021, positions DESOTEC to continue its pan‑European growth in mobile, circular filtration services.
- Buyers
- Blackstone (private equity funds managed by Blackstone), EQT Mid Market Europe (EQT Private Equity)
- Targets
- DESOTEC
- Sellers
- EQT VII (EQT Private Equity)
- Industry
- Environmental Services
- Location
- Belgium
- Transaction Type
- Buyout
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