In a landmark move for the Spanish private equity landscape, Blackstone Infrastructure from the United States and EQT from Sweden have acquired the Spanish services company Urbaser from Platinum Equity, another significant player in the private equity sector. The deal, valued at 5.6 billion euros, is noted as the largest private equity acquisition in Spain to date. Both firms will hold equal stakes in Urbaser, each possessing 50% and will manage the company together.

Urbaser, a company established over three decades ago, specializes in waste management and environmental services, highlighting its relevance in today's sustainability-driven economy. The sale of Urbaser comes after it was placed on the market in 2024, attracting interest from various major firms in the sector, illustrating the competitive nature of the market and the high valuation of companies involved in essential services and sustainability missions.

This acquisition not only reflects the growing trend of investments in environmental services but also raises questions about the future direction of Urbaser under new ownership. With such significant financial backing from Blackstone and EQT, the expectation is that Urbaser will enhance its operational capabilities and potentially expand its services amidst increasing global emphasis on sustainable practices and waste management efficiency.