Blackstone announced as of late that private equity funds oversaw by Blackstone have consented to get DESOTEC (the “Company”), a main European environmental service company, from EQT. This investment adjusts to Blackstone’s center private equity strategy which is intended to hold investments in excellent, market-driving organizations for longer periods than traditional private equity.
Blackstone To Overtake DESOTEC’s Operations
Situated in Roeselare, Belgium, DESOTEC’s main goal is to help secure the planet through innovative circular filtration solutions, empowering clean water, air, and soil. The Company was established in 1990 and is zeroing in on mobile purification solutions fundamentally dependent on activated carbon technology. DESOTEC’s armada of around 2,700 mobile filters is the biggest of its sort in Europe and it serves a wide scope of modern applications, including air emission, biogas, remediation, wastewater, and synthetic substances. The Company’s mobile filters empower its customers to consent to environmental regulations and sustainability prerequisites, through its closed-loop, “Filtration-as-a-Service” rental arrangement.
Jürgen Pinker, Senior Managing Director at Blackstone, said: “We are glad to put resources into an innovative, mission-driven environmental pioneer like DESOTEC. The company is an ideal fit for our center private equity strategy, which tries to distinguish incredibly top notch organizations with solid tailwinds at their backs and backing them as long as possible. As the emphasis on environmental responsibility keeps on expanding internationally, we trust DESOTEC is ready for huge further growth and anticipate partnering with DESOTEC’s management group in the years ahead.”
Mario Hertegonne, CEO of DESOTEC, said: “The present investment denotes the start of another part for DESOTEC as we proceed with our main goal to more readily ensure the planet. Along with Blackstone, we intend to speed up our skillet European growth strategy and further extend our driving business sector position. We are amped up for partnering with Blackstone to the advantage of our customers, employees and all stakeholders included.”