M&A Deal Summary

EQT Acquires Reworld

On July 14, 2021, private equity firm EQT acquired energy services and equipment company Reworld for 5.3B USD

Acquisition Highlights
  • This is EQT’s 5th transaction in the Energy Services and Equipment sector.
  • This is EQT’s 6th largest (disclosed) transaction.
  • This is EQT’s 42nd transaction in the United States.
  • This is EQT’s 4th transaction in New Jersey.
Investment Fate
  • Reworld was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2021-07-14
Target Reworld
Sector Energy Services and Equipment
Buyer(s) EQT
Deal Type Going Private
Deal Value 5.3B USD

Target

Reworld

Florham Park, New Jersey, United States
Reworld is a provider of waste and energy services to municipal entities. The Company's 45 Energy-from-Waste facilities provide communities and businesses around the world with environmentally sound solid waste disposal by using waste to generate clean, renewable energy. Reworld was founded in 1939 and is based in Florham Park, New Jersey.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 261 of 318
Sector: Energy Services and Equipment M&A 5 of 9
Type: Going Private M&A Deals 13 of 19
State: New Jersey M&A 4 of 7
Country: United States M&A 42 of 60
Year: 2021 M&A 20 of 24
Size (of disclosed) 6 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-09 Evidia

Dortmund, Germany

Evidia is a radiology and radiotherapy services provider across Germany, Sweden, and Norway. The group was formed through the combination of Meine Radiologie Holdings, blikk Holding, and Aleris Imaging Group, and performs over 3 million scans per year. Evidia is based in Dortmund, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Curaeos

Oosterhout, Netherlands

Curaeos is a platform of dental clinics, with activities in the Netherlands, Germany, Italy, Belgium, and Denmark. The Company focuses on providing affordable high-quality dental care and is known for brands like DentConnect and DentalCoop. Curaeos was founded in 2011 and is based in Oosterhout, Netherlands.

Sell -