EQT has agreed to acquire Cleanaway Waste Management Limited, Australia’s leading integrated waste management and resource recovery company. The deal values Cleanaway at an enterprise value of approximately A$9.3 billion (€5.8 billion). EQT’s sixth global infrastructure fund will make the acquisition.
EQT is offering A$3.095 in cash per share, a 32.1% premium to Cleanaway’s closing price on August 12, 2026, before initial deal speculation. Cleanaway’s board has unanimously recommended that shareholders vote in favor of the scheme.
The transaction is expected to be implemented by the end of March 2027, subject to customary conditions. It will represent a significant investment for EQT Infrastructure VI, leaving the fund 85% to 90% invested.