M&A Deal Summary

Platinum Equity Acquires Urbaser

On June 7, 2021, private equity firm Platinum Equity acquired environmental company Urbaser from China Tianying for 4.2B USD

Acquisition Highlights
  • This is Platinum Equity’s 3rd transaction in the Environmental sector.
  • This is Platinum Equity’s 4th largest (disclosed) transaction.
  • This is Platinum Equity’s 3rd transaction in Spain.

M&A Deal Summary
Date 2021-06-07
Target Urbaser
Sector Environmental
Buyer(s) Platinum Equity
Sellers(s) China Tianying
Deal Type Divestiture
Deal Value 4.2B USD

Target

Urbaser

Madrid, Spain
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.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 120 of 150
Sector (Environmental) 3 of 3
Type (Divestiture) 55 of 59
Country (Spain) 3 of 3
Year (2021) 6 of 14
Size (of disclosed) 4 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Game Taco

San Francisco, California, United States

Game Taco is an online skill-based game tournament platform. It is designed to provide a fun, friendly, and trusted destination for users to play skill-based games against opponents of similar ability for fun and cash prizes. In addition to classic games like Solitaire, Game Taco is the exclusive provider of Atari skill games including Breakout, Asteroids, and Centipede. Game Taco was founded in 2016 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 SVP Worldwide

LaVergne, Tennessee, United States

SVP Worldwide is a consumer sewing machine company with market shares across all industry price points. SVP unites three of the industry's most widely recognized brands, Singer, Husqvarna Viking, and Pfaff, that successfully target distinct market segments. SVP and it's legacy companies, Singer Worldwide was formed in 1851 and is based in LaVergne, Tennessee.

Buy -

Seller(S) 1

SELLER

China Tianying

Nantong, China
Category Company
Founded 1984
Sector Environmental
Employees19,437
Revenue 5.3B CNY (2023)
DESCRIPTION

China Tianying provides urban environmental services and energy businesses in China and internationally. The company offers urban environmental services, such as waste sorting and collection, smart transportation, urban environment management, sanitation, renewable resource recovery, and waste disposal services. China Tianying was founded in 1984 and is based in Nantong, China.

DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 1
Country (Spain) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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