Blackstone y EQT fichan en Gestamp al nuevo director financiero de Urbaser

Blackstone and EQT, a consortium consisting of a U.S. risk capital fund and a Swedish investment firm, are set to acquire the Spanish company Urbaser for 5.6 billion euros in late September. The risk capital firm Blackstone and the Swedish EQT have hired Ignacio Mosquera, former finance director of Gestamp, as the new finance director of Urbaser.

Mosquera will succeed Luis Martínez Jurado, who held the position for the past three years. The appointment of Mosquera as the new Chief Financial Officer (CFO) of Urbaser is effective from September 14th, ahead of the expected acquisition closure date, but sources close to the matter explain that the new shareholders motivated this decision.

The consortium of U.S. investor and Swedish firm signed an agreement with Platinum Equity for the acquisition of the company in February at a valuation of 5.6 billion euros. The transaction is expected to be completed by the end of September. Ignacio Mosquera has over 25 years of experience. In his most recent role as finance director of Gestamp, he was replaced by Ana Fuentes at the end of May.

Prior to that, he held positions at Philips, Millicom, Popular, and KPMG. The current CFO, Luis Martínez Jurado, who played a key role in the company's recent refinancings, will remain with the company for the next two months to ensure a smooth transition.