CVC DIF, the infrastructure arm of global private markets manager CVC, has agreed to acquire a 49.9% stake in ECO, Singapore’s hazardous waste management company, from Séché Environnement, which will retain a 50.1% share.
This transaction marks CVC DIF's inaugural investment in Asia. The investment in ECO will be made through DIF Infrastructure VII. ECO is a local market leader with a strong focus on innovation and technology regarding the circular economy that serves a diversified customer base of leading industrial companies benefiting from long-term relationships offering the broadest array of hazardous waste management services in Singapore. With a waste processing capacity of 649,000 tonnes per year (ktpa), ECO operates 12 waste incinerators (439 ktpa) and four specialized treatment facilities (210 ktpa), including a cementation plant for inorganic waste and a wastewater treatment plant for both organic and inorganic liquid waste. The company operates with a team of over 300 employees and a dedicated fleet of waste collection vehicles.
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