EQT to buy Australia's Cleanaway for $6.5 billion

· Politics · Australia · Sweden

EQT AB has agreed to buy Australia's Cleanaway Waste Management Ltd. through a unit, in a deal valuing the firm at about A$9.3 billion ($6.5 billion), Bloomberg reported. The transaction makes Cleanaway the latest Australian company to enter private hands after a period of share underperformance. The deal underscores private-equity appetite for defensive infrastructure-like businesses.

Why it matters：Private-equity takeovers of waste and infrastructure firms reflect a hunt for stable cash flows amid volatile markets.

Key points

  • The deal values Cleanaway at about A$9.3 billion ($6.5 billion).
  • EQT is buying through a unit.
  • Cleanaway had underperformed before the deal.

Sources (original reporting)

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