EQT's Saur bolts on Derichebourg Aqua

The two companies said the transaction would facilitate a strategic partnership aiming to boost their respective activities.

EQT bought a majority stake in Saur in July 2018 via its third infrastructure fund, which held a final close in February 2017 on €4bn. Previous shareholder BNP Paribas retained a minority stake in the business, while BPCE exited the company. Saur was reportedly valued at €1.5bn, equivalent to an EBITDA multiple of 11x. In 2017, Saur reported revenues of €1.29bn.

Earlier this summer, Saur acquired Netherlands-based Nijhuis Industries from Wagram Equity Partners and Egeria Capital Management.

Company
Established in 2012, Derichebourg Aqua recorded a €4.7m turnover in 2019, according to its annual accounts. It manages water treatment on behalf of local authorities in Verneuil-sur-Seine, Vernouillet, Sablons and Saint-Leu (La Reunion).

Saur posted a €1.5bn turnover in 2019, working with 7,000 local authorities worldwide.

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