Private equity firm Platinum Equity completed the acquisition of Urbaser, one of the world’s largest providers of environmental services, from China Tianying, a China-based company principally engaged in the municipal solid waste incineration, for $4.2bn. "Urbaser is a world leader in environmental management that is developing innovative solutions that improve the quality of life for people in the communities it serves. The company is also another important addition to Platinum's growing portfolio of operating companies headquartered in Europe and a direct reflection of our commitment to investing in the region. We have had great success delivering divestiture solutions to sellers in Europe and creating value across a wide range of industries. Urbaser is another exciting step forward," Louis Samson, Platinum Equity Partner.