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Platinum Equity LLC (via Public) / Platinum Equity to Acquire Global Environmental Services Business Urbaser from China Tianying for $4 2 Billion

Platinum Equity to Acquire Global Environmental Services Business Urbaser from China Tianying for $4.2 Billion Acquisition of Madrid-Based Integrated Waste Management Company Adds to Global Buyout Firm s Momentum in Europe LOS ANGELES and MADRID (June 6, 2021) - 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. 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 different cities around the

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