Blackstone and EQT to acquire Urbaser for €5.8B: advisors
Platinum Equity has agreed the sale of Urbaser to Blackstone and EQT for €5.8 billion. Simpson Thacher & Bartlett, Linklaters, Kirkland & Ellis and Uría Menéndez acted as legal advisors to Blackstone and EQT. Cuatrecasas advised Platinum Equity, the US private equity firm, on the sale of the Spanish environmental services giant Urbaser to a consortium formed by the US private equity manager Blackstone and Sweden’s EQT.
Following the transaction, Blackstone and EQT will each own a 50% stake in Urbaser and will jointly manage the company. Founded more than three decades ago, Urbaser is a leading provider of integrated waste management and environmental services solutions, focused on maximising recycling and resource generation through long-term contracts with municipalities and industrial clients.
Platinum Equity, which has worked in recent years to strengthen Urbaser’s business and unlock its full potential, is a global firm specialising in mergers and acquisitions and corporate transactions involving companies in the technology, communications, manufacturing, healthcare and other services sectors. With a portfolio of fifty companies across different sectors and geographies and offices in more than twenty countries, it operates as a private equity firm, providing financing and other resources to the companies it acquires.
On the Linklaters side, the team was led by M&A partner Esteban Arza, together with counsel Elena Rodriguez and managing associate Jaime Peláez. Public law matters were led by partner José Giménez, alongside managing associate Sergio Garcia and associate Gonzalo Sanz, while tax partner Alejandro Meca oversaw the tax aspects with managing associate Álvaro Albiñana.
The Cuatrecasas team advising on the transaction was made up of corporate partners Javier Martí-Fluxá and José Luis Rodríguez, as well as lawyers Sora Park, Guido Samir Adlaoui, Ricardo Ramírez-Montesinos and Carmen Baamonde.
Pictured, from left to right, Esteban Arza, José Giménez, Alejandro Meca, Javier Martí-Fluxá and José Luis Rodríguez.
