Infrastructure manager CVC DIF has agreed to acquire a majority stake in Italian waste management operator Eco Eridania.
The deal involves the sale of a 75% interest in Eco Eridania by an affiliate of iCON Infrastructure, which has backed the business for the past eight years.
Following the transaction, Eco Eridania’s founder and chief executive, Andrea Giustini, will increase his significant minority stake in the company.
CVC DIF is investing through its DIF Infrastructure VIII fund, but did not disclose the financial details of the transaction, which is expected to close in the fourth quarter of 2026.
Founded in 1988 in Genoa, EcoEridania is Italy’s leading fully vertically integrated medical waste platform and one of the largest diversified industrial waste management operators in the country. The company provides end-to-end waste collection, transportation, storage, treatment, recovery and disposal services to healthcare institutions and industrial customers nationwide.
Tom Goossens, co-head of DIF Infra Funds, CVC DIF, said: “We are delighted to partner with Andrea Giustini and the management team to support the company’s continued growth as it further strengthens its nationwide platform.
“This transaction marks our first investment in Italy since opening our Milan office in 2024 and reflects our strong commitment to backing high-quality infrastructure businesses across the country.”
Roberta Battaglia, head of CVC DIF Italy, said: “Italy is a strategic market for CVC DIF, and EcoEridania is exactly the type of high-quality, essential infrastructure business that we set out to invest in when we opened our Milan office.
“We have been impressed by the company’s nationwide footprint, integrated operating model and strong track record. Building on these foundations, we are excited to work alongside Andrea Giustini and the management team to support the next stage of EcoEridania’s growth.”
Giustini said: “We are delighted to be partnering with CVC DIF, which shares our long-term vision and will enable us to accelerate the group’s growth and international expansion.
“Our objective remains unchanged: to continue investing, innovating and strengthening our presence in Italy, while pursuing new opportunities in international markets.”
Ivana Semeraro, partner of iCON, said: “We have been delighted with our partnership with Andrea Giustini since our investment in EcoEridania more than eight years ago, during which the company has grown and diversified its business substantially.
“With the support of CVC DIF, the company is well positioned for future growth under Andrea Giustini’s continued strong leadership and the dedicated management team.”
To read the latest IPE Real Assets magazine click here.
