Agreement signedPublished 18 Oct 2026

EQT /
Cleanaway

EQT agrees to take Cleanaway private

Buy side: EQT
Buy sideEQT
EQT · 18 Oct 2026Source
Buy side: EQT
Buy sideEQT
01 / BuyerEQT
02 / TargetCleanaway
Source for the buyer and target: EQT

For the buyer and target.

“EQT is pleased to announce that EQT Infrastructure VI (“EQT”) has entered into a binding Scheme Implementation Deed with Cleanaway Waste Management Limited (ASX: CWY) ("Cleanaway" or the "Company") to acquire 100 percent of Cleanaway's issued ordinary shares by way of a scheme of arrangement (the "Scheme").”

Published 18 Oct 2026

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01

What happened

EQT Infrastructure VI has entered into a binding Scheme Implementation Deed to acquire 100 percent of Cleanaway Waste Management, the ASX-listed integrated waste management and resource recovery company, for A$3.095 cash per share. EQT says the price implies an enterprise valuation of approximately A$9.3 billion and a 32.1% premium to Cleanaway's undisturbed share price of A$2.37 on 12 August 2026. [01]

Cleanaway provides collection, recycling, treatment and disposal services to households, businesses, councils and communities across Australia. Its board unanimously recommends the scheme, in the absence of a superior proposal and subject to an independent expert's conclusion. The deal needs Cleanaway shareholder and Federal Court of Australia approval plus regulatory approvals, and is expected to be implemented by the end of March 2027. Samantha Hogg is Cleanaway's Chair, and Sam Franklin is a Managing Director at EQT Infrastructure. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · EQT

EQT agrees to take Cleanaway private

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03

Timeline

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  1. Also stated

    “EQT says the price implies an enterprise valuation of approximately A$9.3 billion and a 32.1% premium to Cleanaway's undisturbed share price of A$2.37 on 12 August 2026”

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  2. Published by EQT

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This dealEQT / CleanawayAgreement signed · Published 18 Oct 2026
BuyerEQT
This dealEQT / Cleanaway

Agreement signed · EQT agreed to acquire Cleanaway (Agreement signed, published 18 Oct 2026).

Published 18 Oct 2026
Timeline
  1. Also stated
  2. Published by EQT
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Deal Web as a list
  • EQT (Buyer) agreed to acquire this deal. EQT: 4 deals on Carrywatch.