Private equity funds managed by Blackstone have agreed to acquire Desotec, a leading European environmental service company, from EQT. This investment aligns to Blackstone’s core private equity strategy which is designed to hold investments in high-quality, market-leading companies for longer periods than traditional private equity.
Jürgen Pinker, senior managing director at Blackstone, said, “We are proud to invest in an innovative, mission-driven environmental leader like Desotec. The company is a perfect fit for our core private equity strategy, which seeks to identify exceptionally high-quality businesses with strong tailwinds at their backs and support them for the long term. As the focus on environmental responsibility continues to increase globally, we believe Desotec is poised for significant further growth and look forward to partnering with Desotec’s management team in the years ahead.”
Mario Hertegonne, CEO of Desotec, added, “Today’s investment marks the beginning of a new chapter for Desotec as we continue our mission to better protect the planet. Together with Blackstone, we plan to accelerate our pan-European growth strategy and further expand our leading market position. We are excited about partnering with Blackstone to the benefit of our customers, employees and all stakeholders involved.”