CVC DIF to acquire a majority stake in leading Italian integrated waste management operator Eco Eridania S.p.A. (“EcoEridania”)
- EcoEridania is Italy’s leading fully integrated medical waste management operator and one of the country’s largest and growing industrial waste management platforms
- With this investment, CVC DIF will support EcoEridania’s next phase of growth, further strengthening its leading position in the Italian industrial waste management sector and by pursuing selected organic and inorganic growth opportunities
- The transaction marks CVC DIF’s first investment in Italy since the opening of its Milan office
CVC DIF, the infrastructure division of the leading global private equity manager CVC, has agreed to acquire a majority stake in EcoEridania. The investment will be made through DIF Infrastructure VIII and is expected to close in the fourth quarter of 2026, subject to customary conditions.
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. EcoEridania provides end-to-end waste collection, transportation, storage, treatment, recovery and disposal services to healthcare institutions and industrial customers nationwide. In 2025, the Group served around 27,000 clients through a nationwide network of 22 treatment and disposal facilities, with around 1,600 vehicles and managed around 1.3 million tons of waste.
As part of the transaction, Andrea Giustini, founder and CEO of EcoEridania, will increase his significant minority stake in the business, underscoring his continued commitment to the company’s long-term growth strategy and ensuring strong alignment with CVC DIF. With this investment, CVC DIF will partner with EcoEridania’s management team to support the company’s continued growth, leveraging its expertise to further enhance operational capabilities, strengthen its nationwide platform and pursue strategic expansion opportunities in key waste management segments.
The transaction involved the indirect disposal of a 75% interest in EcoEridania by iCON Infrastructure Operations (UK) Limited, an investment company affiliated with iCON Infrastructure LLP (“iCON”).
Tom Goossens, Co-Head of DIF Infra Funds, commented: “EcoEridania is a clear leader in the Italian medical waste management sector, and this investment reflects our conviction in the long-term value of essential infrastructure. We are equally positive about EcoEridania’s fast-growing industrial waste platform, which broadens the company’s activities and offers meaningful further growth potential. 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.”
Eco Eridania is a clear leader in the Italian medical waste management sector, and this investment reflects our conviction in the long-term value of essential infrastructure.
Tom Goossens
Co-Head of DIF Infra Funds
Roberta Battaglia, Head of CVC DIF Italy, commented: “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.”
Andrea Giustini, founder and CEO of EcoEridania, commented: “With the signing of this agreement, a new chapter begins for EcoEridania. 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. I would also like to sincerely thank everyone at EcoEridania: the value of our Company is built on their daily commitment. Together, we have achieved these results, and together, we will continue to reach new milestones. I would also like to thank iCON for believing in our capabilities, vision and initiatives over the past eight years, and for supporting us throughout this growth journey with expertise and trust.”
Ivana Semeraro, Partner of iCON, commented: “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.”
CVC DIF was assisted by Citi and Jefferies as financial advisers, and by Clifford Chance as legal adviser.
iCON Infrastructure Operations (UK) Limited was advised by JP Morgan as financial adviser and by Chiomenti as legal adviser.
Andrea Giustini (Roccaforte S.r.l.) was assisted by Lazard as sole financial adviser, and by Hogan Lovells Cadwalader as legal adviser.
Read the orginal article: https://www.cvc.com/media/news/2026/cvc-dif-to-acquire-a-majority-stake-in-ecoeridania/
