M&A Deal Summary

EQT Acquires Synagro Technologies

On August 22, 2013, private equity firm EQT acquired environmental company Synagro Technologies for 465M USD

Acquisition Highlights
  • This is EQT’s 2nd transaction in the Environmental sector.
  • This is EQT’s 33rd largest (disclosed) transaction.
  • This is EQT’s 8th transaction in the United States.
  • This is EQT’s 1st transaction in Maryland.
Investment Fate
  • Synagro Technologies was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2013-08-22
Target Synagro Technologies
Sector Environmental
Buyer(s) EQT
Deal Type Special Situations/Distressed
Deal Value 465M USD
Advisor(s) Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Synagro Technologies

Baltimore, Maryland, United States
Synagro Technologies works to turn waste into worth by helping more than 1,000 municipal and industrial water and wastewater facilities in North America move toward safer, cleaner, and more environmentally beneficial practices. As a recycler of organic by-products in North America, the company is trusted because it removes risks while keeping the logistics clean. Synagro Technologies was founded in 1986 and is based in Baltimore, Maryland.

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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 110 of 318
Sector: Environmental M&A 2 of 9
Type: Special Situations/Distressed M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 8 of 60
Year: 2013 M&A 5 of 8
Size (of disclosed) 33 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-14 Swiss Smile

Zurich, Switzerland

Swiss Smile is a provider of dental care and services and differentiates itself through a strong brand, high medical standards, convenient opening hours, a modern infrastructure, and an outstanding patient experience. Swiss Smile was founded in 2002 and is based in Zurich, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-06 Gambro AB

Stockholm, Sweden

Gambro is a global medical technology company and a leader in developing, manufacturing and supplying products, therapies and services for In-center Care and Self Care hemodialysis, Peritoneal Dialysis, Renal Intensive Care and Hepatic Care. Gambro was founded in 1964 and has more than 8,000 employees, production facilities in 11 countries, sales subsidiaries in more than 40 and sales in more than 100 countries.

Sell $3.9B