Platinum Equity Acquires Urbaser from China Tianying for $4.2B

October 21, 2021

Platinum Equity has completed the acquisition of Madrid-based environmental services company Urbaser from China Tianying for an enterprise value of approximately $4.2 billion. Urbaser, which operates in waste collection, treatment and waste-to-energy across multiple countries and employs more than 50,000 people, will continue to be led by CEO José María López Piñol as Platinum looks to expand capabilities in sustainable waste-management solutions and grow the business across Europe and other markets.

Buyers
Platinum Equity
Targets
Urbaser
Sellers
China Tianying
Location
Madrid, Spain
Transaction Type
Buyout

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