Global Moledo’s €3.5 Billion Acquisition Of Urbaser

Latham & Watkins and Cuatrecasas advised Platinum Equity on the transaction.
Freshfields advised China Tianying on the deal.

China Tianying sold, through its wholly owned Spanish subsidiary, Firion Investments, S.L.U., of the total share capital of the Spanish company Urbaser to Global Moledo, an investment vehicle managed by Platinum Equity.  

The Enterprise Value of the Urbaser group is circa €3.5 billion.

Urbaser is a world leader in environmental management, a global sustainability-oriented company, serving more than 50 million people in 30 countries through a huge network of more than 35,000 employees and over 160 subsidiary companies.  

Freshfields already advised China Tianying on the acquisition of the Urbaser group back in 2016 from the Spanish listed construction and infrastructure group ACS.

The Freshfields team is being led by Global Transactions corporate partners Armando Albarrán (Picture) and Alan Wang supported by senior associates Álvaro Manzanos and River He and associate Mario Pacini. Global Transactions finance advice is being provided by partner Thomas Ng, counsel Cristina Esteve and associate Álvaro Galobart. Antitrust advice is being provided by partner Álvaro Iza, counsel Enrique Carrera and senior associate Carmen Virgós.  Of Counsel Ignacio Borrego, senior associate Ana Calvo and associate Miguel Ángel Calvo are providing regulatory advice.  Tax advice is being provided by partner Bosco Montejo and associate Javier Sánchez. Further advice on real estate matters is being provided by Carolina Vergara and Francisco Moya and partner Raquel Flórez is providing advice on anti-bribery and corruption matters.

Latham & Watkins advised Platinum Equity Advisors, LLC on the deal with a team led by partner Ignacio Pallarés, assisted on Competition Law by José María Jiménez-Laiglesia, Labour partner Naiara Rodríguez-Escudero, Tax partner Jordi Domínguez, Finance partner Fernando Colomina as well as José María Alonso.

Cuatrecasas advised Platinum Equity Advisors, LLC with Javier Martí-Fluxá, Álvaro López de Ceballos, Álvaro Vierna, Marta Gómez Gutiérrez, Francisco Santos Costa, Francisco Martins Caetano, Roberto Guerrero Valenzuela, Josefina Yávar C., Tomás Kubick, Juan Felipe Vera Cardona, Pablo Martínez García, Santiago Ferrer and Juan Carlos Galicia Orozco.

Involved fees earner: Santiago Ferrer – Cuatrecasas; Juan Carlos Galicia – Cuatrecasas; Roberto Guerrero – Cuatrecasas; Tomás Kubick – Cuatrecasas; Álvaro López de Ceballos – Cuatrecasas; Javier Martí-Fluxá – Cuatrecasas; Pablo Martínez – Cuatrecasas; Francisco Martins Caetano – Cuatrecasas; Francisco Santos Costa – Cuatrecasas; Juan Felipe Vera – Cuatrecasas; Josefina Yávar – Cuatrecasas; Armando Albarrán – Freshfields Bruckhaus Deringer LLP; Ignacio Borrego – Freshfields Bruckhaus Deringer LLP; Ana Calvo – Freshfields Bruckhaus Deringer LLP; Miguel Ángel Calvo – Freshfields Bruckhaus Deringer LLP; Enrique Carrera – Freshfields Bruckhaus Deringer LLP; Cristina Esteve – Freshfields Bruckhaus Deringer LLP; Raquel Flórez – Freshfields Bruckhaus Deringer LLP; Álvaro Galobart – Freshfields Bruckhaus Deringer LLP; River He – Freshfields Bruckhaus Deringer LLP; Álvaro Iza – Freshfields Bruckhaus Deringer LLP; Álvaro Manzanos – Freshfields Bruckhaus Deringer LLP; Bosco Montejo – Freshfields Bruckhaus Deringer LLP; Francisco Moya – Freshfields Bruckhaus Deringer LLP; Thomas Ng – Freshfields Bruckhaus Deringer LLP; Mario Pacini – Freshfields Bruckhaus Deringer LLP; Javier Sánchez – Freshfields Bruckhaus Deringer LLP; Carolina Vergara – Freshfields Bruckhaus Deringer LLP; Carmen Virgós – Freshfields Bruckhaus Deringer LLP; Alan Wang – Freshfields Bruckhaus Deringer LLP; José María Jiménez-Laiglesia – Latham & Watkins; Ignacio Pallares – Latham & Watkins; Naiara Rodriguez-Escudero – Latham & Watkins;

Law Firms: Cuatrecasas; Freshfields Bruckhaus Deringer LLP; Latham & Watkins;

Clients: China Tianying; Platinum Equity Advisors, LLC;

Author: Giulia Di Palma