M&A Deal Summary

Cube Infrastructure Managers Acquires Verdis

On August 29, 2023, infrastructure investor Cube Infrastructure Managers acquired environmental company Verdis from Urbaser

Acquisition Highlights
  • This is Cube Infrastructure Managers’ 3rd transaction in the Environmental sector.
  • This is Cube Infrastructure Managers’ 1st transaction in Denmark.

M&A Deal Summary

Date 2023-08-29
Target Verdis
Sector Environmental
Buyer(s) Cube Infrastructure Managers
Sellers(s) Urbaser
Deal Type Divestiture

Target

Verdis

Gadstrup, Denmark
Verdis is a Nordic municipal waste collection platform with operations across Denmark, Norway, Sweden and Finland. The company produces partial and complete environmental maintenance services for both business and public customers. Verdis is based in Gadstrup, Denmark.

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Buyer(S) 1

Buyer

Cube Infrastructure Managers

Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Cube Infrastructure Managers is a private equity firm focused on European infrastructure investments. The Firm targets control and co-control situations and generally looks to invest in infrastructure assets offering sustainable growth potential principally driven by deregulation and/or market consolidation needed to improve the efficiency of essential infrastructure & public services, notably energy supply, communication infrastructure, and public transport. Cube also has a dedicated fund focused on investing in fiber communications infrastructure. Cube Infrastructure Managers was formed in 2007 and is headquartered in Luxembourg.


DEAL STATS #
Overall 32 of 32
Sector (Environmental) 3 of 3
Type (Divestiture) 5 of 5
Country (Denmark) 1 of 1
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-24 RiverRidge

Belfast, United Kingdom

RiverRidge is the most integrated waste management operation in Northern Ireland, offering a broad range of collection, treatment, and diversion from landfill solutions to many local authorities, public bodies, and private operations. RiverRidge is based in Belfast, United Kingdom.

Buy -

Seller(S) 1

SELLER

Urbaser

Madrid, Spain

Category Company
Founded 1990
Sector Environmental
Employees50,000
Revenue 2.8B USD (2020)
DESCRIPTION

Urbaser is a 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. Urbaser was founded in 1990 and headquartered in Madrid, Spain.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 1
Country (Denmark) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 J & B Recycling

Hartlepool, United Kingdom

J&B Recycling is a waste recycling company operating from two recycling facilities in Hartlepool and a waste transfer station in Middlesbrough. The company provides waste collection, recovery, and recycling services to public and private sector organizations throughout the North East, including local authorities, housing authorities, commercial and industrial customers. J & B Recycling was founded in 1997 and is based in Hartlepool, United Kingdom.

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