Deals·October 18, 2026 at 6:47 PM EDT·3 sources
EQT Agrees to Buy Australia’s Cleanaway Waste for $6.5 Billion
take private, log scale$6.5B
$100M$1B$10B$100B
What happened
- EQT has agreed to acquire Australia’s Cleanaway Waste Management through a unit, taking the company private.
- The transaction values Cleanaway at approximately A$9.3 billion ($6.5 billion), including debt, according to one source.
- Cleanaway provides collection, recycling, treatment and disposal services across Australia.
Transaction value
approximately A$9.3 billion ($6.5 billion)
Transaction value including debt
approximately A$9.3bn ($6.5bn)
Why it matters
The transaction highlights private-equity activity in Australia’s waste and resource-recovery infrastructure sector and may be relevant to sponsors, M&A and credit professionals assessing take-private financing.
Deal terms
take private
EQT AB → Cleanaway Waste Management Ltd.
Value
$6.5B
Investors
EQT Infrastructure
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Timeline
- First reported by BloombergOct 18EQT Agrees to Buy Australia’s Cleanaway Waste for $6.5 Billion
- PE Hub reportsOct 19EQT Infrastructure to acquire Australian waste management firm Cleanaway at $6.5bn valuation
- Private Equity Wire reportsOct 19Cleanaway shares surge on AUD9.3bn EQT takeover news
Who is involved
taking privateEQT Agrees to Buy Australia’s Cleanaway Waste for $6.5 BillionCleanaway Waste Management Ltd.targetEQT ABbuyerEQT Infrastructure
CompanyInvestorThe deal
Sources (3)
- BloombergOct 18EQT Agrees to Buy Australia’s Cleanaway Waste for $6.5 Billion
- PE HubOct 19EQT Infrastructure to acquire Australian waste management firm Cleanaway at $6.5bn valuation
- Private Equity WireOct 19Cleanaway shares surge on AUD9.3bn EQT takeover news
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