Eurazeo buys majority stake in water-loss specialist Miya
What's the deal? Eurazeo has agreed to acquire a majority stake in MiyaDealroom has a profile for this one. Try Dealroom →, a water-efficiency specialist focused on reducing Non-Revenue Water (NRW) — water that is produced but lost before reaching customers through leaks, theft, or metering errors. The deal, announced in October 2026, was made through the Eurazeo Planetary Boundaries Fund (EPBFDealroom has a profile for this one. Try Dealroom →); terms were undisclosed.
Who stays: Miya's founders and management team will continue to run the company strategically and remain significant co-investors alongside EPBF. Completion is subject to customary formalities.
What Miya does: Founded in 2007, the company helps water utilities cut water losses and optimise resources. It has delivered over 200 projects across five continents, from Europe and the Middle East to Africa, South-East Asia, and the South Pacific islands.
Why now? NRW is estimated at 126bn m³ annually — enough to meet the needs of hundreds of millions of people. The global market for solutions to reduce it is worth roughly €50 billion a year.
What's the endgame? Eurazeo plans to strengthen Miya's performance, pursue selective M&A in a fragmented market, and back its expansion into new international markets. The investment fits Eurazeo's impact buyout strategy of backing European leaders with global ambitions that address environmental challenges.
The deal is EPBF's fourth investment in 18 months, following bets on biocontrol, geothermal energy, and circular IT. "We believe that water efficiency will become one of the defining infrastructure challenges of the coming decades, and that Miya is uniquely positioned to shape the future of the sector on a global scale," said Erwann Le Ligné and Wilfried Piskula, co-heads of EPBF.
The signal: Water is emerging as a major infrastructure and environmental investment theme, driven by ageing networks, resource pressure, and climate change. The Miya deal shows investors increasingly treating efficiency gains in essential infrastructure as both a return and a resilience play.
Read more: hk.marketscreener.com
Image credit: Stephen Wheeler
