Blackstone Acquires Spanish Urbaser for $6.6 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2026
0mins
Source: Newsfilter
- Transaction Size: Platinum Equity has agreed to sell Spanish waste management company Urbaser to Blackstone and EQT for $6.6 billion, reflecting strong investment interest in the waste management sector.
- Equity Structure: Blackstone and EQT will each hold a 50% stake in Urbaser and jointly manage the company, aiming to enhance operational efficiency and market competitiveness through synergies.
- Expansion Support: Blackstone and EQT plan to support Urbaser’s expansion in the industrial waste segment while further strengthening its core municipal waste operations, which is expected to drive market share growth across 15 countries.
- Historical Transaction Context: Platinum Equity acquired Urbaser in 2021 for $4.2 billion, indicating significant value appreciation in just a few years and highlighting the potential of the waste management industry.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 121.520
Low
166.00
Averages
176.60
High
205.00
Current: 121.520
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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