CVC DIF to acquire a 49.9% stake in ECO.

CVC DIF, the infrastructure arm of global private markets manager CVC, agreed to acquire a 49.9% stake in ECO, a hazardous waste management company in Singapore. Financial terms were not disclosed. "ECO’s leading market position, their longstanding and diversified client relationships and the high barriers to entry in the sector make this an interesting investment for DIF Infrastructure VII. Moreover, this investment marks the first investment of CVC DIF in Southeast Asia, on the back of CVC DIF’s global sector relationships and CVC’s widespread local office network in the region. We are delighted to partner with Séché Environnement, a market leader in hazardous waste. Together with Séché Environnement and ECO’s Singapore based management team, we are well-positioned to drive ECO’s growth as a leader in sustainable infrastructure in the region," Gijs Voskuyl, CVC DIF Managing Partner.