Latham Advises Platinum Equity on €5.6 Billion Sale of Urbaser to Blackstone and EQT

Latham & Watkins has advised Platinum Equity on the sale of Urbaser, a global integrated environmental infrastructure platform, to Blackstone and EQT in a transaction valued at approximately €5.6 billion (US$6.6 billion). The transaction is subject to customary regulatory approvals.

Platinum Equity acquired Urbaser in October 2021, a transaction on which Latham also advised, and has since delivered a multi-year transformation of the business. As part of the transaction, Platinum Equity will retain Urbaser's waste management business in Argentina which has been operating in the region for 30 years and generated approximately €80 million (US$90 million) of EBITDA in 2025. 

Latham & Watkins represented Platinum Equity in the transaction with a corporate team led by Madrid partner Ignacio Pallarés, with counsels Luis Manuel Lozano and Carmen Esteban, and associates Marino Aineto and Pablo Campanillas. Advice was also provided on tax matters by Madrid partners Jordi Domínguez and Iván Rabanillo, with associate Juan Rodríguez; on capital markets matters by London partners Brett Cassidy and Matthew Schneider, with associate Alexander Kartyshev; on derivatives matters by London counsel Delyth Hughes; on regulatory matters by Madrid partner José María Alonso; on finance matters by London partners Hendrik Smit and Julie Van der Meersche, with Madrid associate Claudia González; on employment matters by Madrid partner Naiara Rodríguez-Escudero; and on antitrust matters by Madrid partner José María Jiménez-Laiglesia.