{"id":1021,"date":"2026-02-22T03:26:30","date_gmt":"2026-02-22T06:26:30","guid":{"rendered":"https:\/\/pulsar.com.br\/?page_id=1021"},"modified":"2026-02-22T04:46:29","modified_gmt":"2026-02-22T07:46:29","slug":"case-ambipar","status":"publish","type":"page","link":"https:\/\/pulsar.com.br\/en\/transacoes\/case-ambipar\/","title":{"rendered":"Case: Projeto Ambipar"},"content":{"rendered":"
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AMBIPAR PROJECT<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Pulsar advised Grupo Ambipar between 2018 and 2022. During this period, Ambipar went from an EBITDA of R$ 150 million to R$ 1.0 billion, went public on B3, listed its emergency response subsidiary on the NYSE via merger with a SPAC, and acquired more than 40 companies.<\/p>

Pulsar was instrumental during this period in supporting Ambipar's development. Initially focusing on international acquisitions carried out from 2018, primarily in the United Kingdom, United States and Canada. Pulsar increased its presence on Ambipar's strategic agenda, and from 2020, when Yuri Keiserman, a Pulsar partner, joined Ambipar's Board of Directors.<\/p>

Ambipar's ambition to become a global company in the provision of industrial and emergency services, and to consolidate its position in the waste management and circular economy market in South America, demanded capital and consequently enabled the design of an investment thesis that made its IPO on B3 viable.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Pulsar played a strategic role in articulating and presenting the thesis to investors during the road shows. Ambipar's IPO in 2020 was a success, with the company being listed at 14x EBITDA and the book oversubscribed.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\"ambipar-swat\"<\/figure><\/div>
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\"ambipar-afc\"<\/figure><\/div>
\"ambipar-drypol\"<\/figure><\/div>
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Following the IPO and the resulting capital raising \u2014 both through equity and debt, benefiting from the reduced risk perception associated with publicly listed companies \u2014 Ambipar, with Pulsar's support, accelerated its acquisition agenda, penetrating adjacent markets through acquisition models premised on ensuring returns and entrepreneur retention.<\/p>

\u00a0In March 2023, Ambipar listed Ambipar Response on the NYSE via merger with a SPAC (HPX). Yuri Keiserman was appointed CEO of Ambipar Response and contributed to the fundraising process carried out by a Private Equity fund. Response was listed at R$ 5.0 billion, enabling the raising of new resources for acquisitions and strengthening the international dimension of the brand.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Voltar PROJETO AMBIPAR A Pulsar assessorou o Grupo Ambipar entre 2018 e 2022, durante esse per\u00edodo a Ambipar: saiu de um EBITDA de R$ 150,0 milh\u00f5es para R$ 1,0 bilh\u00e3o, abriu seu capital na B3, listou sua subsidi\u00e1ria de resposta \u00e0 emerg\u00eancia na NYSE via fus\u00e3o com um SPAC e adquiriu mais de 40 empresas. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":654,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-1021","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/pulsar.com.br\/en\/wp-json\/wp\/v2\/pages\/1021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pulsar.com.br\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/pulsar.com.br\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/pulsar.com.br\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pulsar.com.br\/en\/wp-json\/wp\/v2\/comments?post=1021"}],"version-history":[{"count":4,"href":"https:\/\/pulsar.com.br\/en\/wp-json\/wp\/v2\/pages\/1021\/revisions"}],"predecessor-version":[{"id":1027,"href":"https:\/\/pulsar.com.br\/en\/wp-json\/wp\/v2\/pages\/1021\/revisions\/1027"}],"up":[{"embeddable":true,"href":"https:\/\/pulsar.com.br\/en\/wp-json\/wp\/v2\/pages\/654"}],"wp:attachment":[{"href":"https:\/\/pulsar.com.br\/en\/wp-json\/wp\/v2\/media?parent=1021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}