Investment Summary

Suez and Itochu Invest In Environmental Development

On July 26, 2019, Suez and Itochu invested in environmental company Environmental Development

Investment Highlights
  • This is Suez’s 2nd and Itochu’s 1st transaction in the Environmental sector.
  • This is Suez’s 1st and Itochu’s 1st transaction in Saudi Arabia.

Investment Summary
Date 2019-07-26
Target Environmental Development
Sector Environmental
Investor(s) Suez
Itochu
Deal Type Stake Purchase

Target

Environmental Development

Jubail industrial City, Saudi Arabia
Environmental Development Co. Ltd. is a Saudi hazardous waste management company provides hazardous waste management and environmental services to industries in Saudi Arabia, mostly petrochemical companies. Jubail is the largest industrial city in the Middle East located on the Arabian Gulf coast and holds the world’s largest single industrial development project.

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Investor(S) 2

Investor

Suez

Paris, France
Category Company
Founded 1869
Sector Utilities
Revenue 17.2B EUR (2020)
DESCRIPTION

Suez Environment supplies drinking water to 92 million people, provides waste water treatment services for 65 million people and collects the waste produced by 52 million people. Suez was founded in 1869 and is based in Paris, France.

DEAL STATS #
Overall 7 of 11
Sector (Environmental) 2 of 5
Type (Stake Purchase) 1 of 1
Country (Saudi Arabia) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Quality Circular Polymers

Geleen, Netherlands

Quality Circular Polymers is a manufacturer of polymers of high and consistent quality based on used plastics. Reliable supply, integration, leading technologies and innovative recipes enable QCP to push the circular plastics industry to the next level.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-08 Heritage Hills Water & Sewer Systems

New York, New York, United States

Heritage Hills Water & Sewer Systems include five wells, one treatment plant, and two storage tanks, and the sewage system consists of one treatment plant and two lift stations.

Buy €7M
Investor

Itochu

Tokyo, Japan
Category Company
Founded 1858
Sector Business Services
Employees128,146
Revenue 14.03T JPY (2024)
DESCRIPTION
ITOCHU's corporate headquarters in Tokyo, Japan.
ITOCHU's corporate headquarters in Tokyo, Japan.

Itochu is a prominent multinational trading company operating in various industries worldwide. With a diverse portfolio, the company engages in the sales, import, and export of an extensive range of products and services. Its offerings span sectors such as textiles, machinery, metals, energy, chemicals, food, and general merchandise. It caters to a broad customer base comprising retailers, wholesalers, manufacturers, and businesses across different sectors, providing them with high-quality goods and facilitating global trade through its extensive network and expertise. Itochu was founded in 1858 and is based in Tokyo, Japan.

DEAL STATS #
Overall 11 of 27
Sector (Environmental) 1 of 1
Type (Stake Purchase) 3 of 9
Country (Saudi Arabia) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Docquity

Singapore, Singapore

Docquity offers each company a dedicated channel through the platform which provides physicians with information on products and diseases. Docquity is based in Singapore City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 Dentsu Retail Marketing

Tokyo, Japan

Dentsu Retail Marketing, Inc. provides data analysis and sales promotion/marketing support services for retailers. Dentsu Retail Marketing is based in Tokyo, Japan.

Buy -
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