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LOS ANGELES and MADRID, June 6, 2021 /PRNewswire/ Platinum Equity today announced that it has entered into a definitive agreement to acquire Urbaser, one of the world s largest providers of environmental services, from China Tianying Inc. for an enterprise value of approximately $4.2 billion (€3.5 billion). The sale is expected to be completed during the third quarter of 2021, subject to China Tianying shareholder and customary regulatory approvals.
Los Angeles-based global private equity firm Platinum Equity today announced a definitive agreement to acquire Madrid-based Urbaser, one of the world’s largest providers of environmental services.
Urbaser is a leading global environmental management company oriented towards sustainability and innovation, serving more than 70 million people in 25 countries through a network of more than 50,000 employees. Currently, it is responsible for cleaning more than 8 million kilometers of streets in d