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EQT bids $9.4 billion to acquire Cleanaway

PUBLIC · EQTAug 13, 2026

Acquiring Company

EQT AB

Acquired Company

Cleanaway

PittsburghMelbourneOtherEnergyOil And GasFinancial ServicesSoftwarePaymentsFinanceVenture CapitalAngel InvestmentWaterWaste ManagementEnvironmental Consulting

Description

EQT has made a $9.4 billion takeover proposal for Cleanaway, Australia's largest waste management firm. Cleanaway has granted EQT exclusive due diligence in what could lead to a binding offer. The announcement raised Cleanaway's shares by 15%, highlighting the strategic importance of this acquisition. EQT's dual investment strategy also includes efforts to secure a stake in Melbourne Storm.

Company Information

Company

EQT AB

Location

Liberty Avenue

Pittsburgh, Pennsylvania, United States

About

EQT AB is an international purpose-driven investment organization. It is the parent company of BPEA Private Equity Fund VIII ('EQT Ásia') and is known for its strategic investments and acquisitions in various industries. EQT is focused on creating sustainable value and driving growth in its portfolio companies.

Fundz sees it the moment EQT AB makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired Cleanaway?

Cleanaway was acquired by EQT AB, based in Pittsburgh. The deal was reported on August 13, 2026. EQT AB is an international purpose-driven investment organization. EQT AB is publicly traded (EQT) and operates in Other.

When did EQT AB acquire Cleanaway?

EQT AB's acquisition of Cleanaway was reported on August 13, 2026. EQT has made a $9.4 billion takeover proposal for Cleanaway, Australia's largest waste management firm. Cleanaway has granted EQT exclusive due diligence in what could lead to a binding offer. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Cleanaway do?

Cleanaway is a leading waste management company providing sustainable waste solutions across Australia. The company services municipalities, commercial, and industrial clients, fostering environmental responsibility. It is privately held, operating in Water, and is based in Melbourne.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.