M&A Deal Summary

The Blackstone Group Acquires Desotec

On March 18, 2021, private equity firm The Blackstone Group acquired environmental company Desotec from EQT

Acquisition Highlights
  • This is The Blackstone Group’s 5th transaction in the Environmental sector.
  • This is The Blackstone Group’s 1st transaction in Belgium.

M&A Deal Summary
Date 2021-03-18
Target Desotec
Sector Environmental
Buyer(s) The Blackstone Group
Sellers(s) EQT
Deal Type Secondary Buyout

Target

Desotec

Roeselare, Belgium
Desotec is an environmental service company focusing on mobile purification solutions mainly based on activated carbon technology. Desotec was founded in 1990 and is based in Roeselare, Belgium.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.

DEAL STATS #
Overall 279 of 337
Sector (Environmental) 5 of 5
Type (Secondary Buyout) 56 of 80
Country (Belgium) 1 of 1
Year (2021) 5 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 Extended Stay America

Charlotte, North Carolina, United States

Extended Stay America is an operator of moderate-price extended-stay hotels in North America, with 600+ hotels and approximately 76,000 rooms located in 44 states and Canada. The Company currently operates under five brands in the extended-stay segment: Extended Stay Deluxe, Extended Stay America, Homestead Studio Suites, StudioPlus and Crossland. Extended Stay America is headquartered in Charlotte, North Carolina.

Buy $6.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 GeoComply

Vancouver, British Columbia, Canada

GeoComply operates at the center of a new generation of cybersecurity companies, leveraging advanced geolocation data to make better risk-based decisions. GeoComply currently supports location verification requirements for market leaders in the iGaming, Broadcasting and FinTech industries. GeoComply is based in Vancouver, British Columbia.

Buy -

Seller(S) 1

SELLER

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 141 of 187
Sector (Environmental) 3 of 4
Type (Secondary Buyout) 40 of 57
Country (Belgium) 1 of 2
Year (2021) 4 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 WorkWave

Holmdel, New Jersey, United States

WorkWave is a provider of an intuitive cloud-based field service management and fleet management solutions that help enterprising organizations with a mobile workforce transform their businesses. WorkWave was founded in 1984 and is based in Holmdel, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-30 Cerba HealthCare

Issy-les-Moulineaux, France

Cerba HealthCare is an operator of clinical pathology laboratories, with a number one position in France and strong market positions in Belgium and Luxembourg. The majority of Cerba's revenues are generated via routine lab tests. Cerba HealthCare was founded in 1967 and is based in Issy-les-Moulineaux, France.

Buy -
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