Announced
Completed
Financials
Sources
Tags
waste disposal
Friendly
Acquisition
Minority
Private Equity
Spain
Cross Border
environmental services
Single Bidder
Waste and Disposal Services
Private
Completed
Synopsis
Canada Pension Plan Investment Board, a private equity firm, completed the acquisition of a 24.99% stake in FCC Medio Ambiente, a waste management operator, for €965m. “FCC Medio Ambiente’s resilient business model provides essential services to an established client base that is well-diversified across geographies and segments. As major economies seek to meet circular economy objectives, businesses like FCC Medio Ambiente, with differentiated scale, reputation and technological expertise, are well-positioned to capture sustainable growth, providing an excellent long-term investment opportunity for CPP Investments," James Bryce, CPP Investments Managing Director.
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