Funds managed by Blackstone Infrastructure and the EQT Infrastructure VI fund have agreed to acquire Urbaser, a Spain-based leader in waste management infrastructure and environmental services, from funds managed by Platinum Equity. Under the terms of the agreement, Blackstone and EQT will each own 50% of Urbaser and jointly manage the company. The partnership aims to support Urbaser's growth across its markets, with a focus on expanding in the industrial waste segment and strengthening its core municipal waste operations. Urbaser, which provides integrated waste management and environmental services through long-term contracts, is recognized for its expertise in energy-from-waste and advanced waste treatment infrastructure. The transaction is subject to customary conditions and approvals.

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