BBL Company Valuation, Funding & Investors

BBL Company is valued at $2.2B as of January 2023.

Last BBL Company valuation

$2.2B

Secondary · Jan 2023

Key investors in BBL Company

BBL Company Overview

About BBL Company

BBL Company is a Rotterdam-headquartered operator of the BBL Pipeline transporting natural gas between the Netherlands and UK. The 235-kilometer subsea link with 16 billion cubic meters annual capacity connects to the UK National Transmission System at Bacton. Owned by Gasunie and Shell since 2006, it facilitates bidirectional flows supporting European energy integration amid North Sea production decline.


Founded

2004

HQ

NetherlandsGroningen

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Valuation

$2.2B (Jan 2023)

BBL Company Valuation

BBL Company is currently valued at $2.2B, based on its secondary sale in January 2023.

The $82M round was led by Enagas.

BBL Company valuation by funding round

BBL Company valuation by funding round
DateStageValuation
Jan 2023Secondary$2.2B

BBL Company Funding History

BBL Company has 1 recorded secondary share sale and no primary funding rounds.

BBL Company funding rounds

BBL Company funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2023SecondaryEnagas (lead)$82M$2.2BBBL Company operates a 235-kilometre subsea gas interconnection linking the United Kingdom and the Netherlands, with maximum capacity of 15 billion cubic metres annually in direct flow and 5 billion cubic metres in reverse direction. The infrastructure is a key asset for Europe's energy security and has been identified as adaptable for future hydrogen transport as part of the European Hydrogen Backbone initiative. On January 16, 2023, Enagas agreed to acquire a 20% stake in BBL Company from Germany's Uniper for approximately €75 million, valuing the company at approximately €375 million. Following completion, ownership was restructured with Gasunie holding 60%, and both Fluxys and Enagas holding 20% each, consolidating control among three European Transmission System Operators. The transaction was subject to regulatory approvals and pre-emption rights of existing co-owners, aligning with Enagas' strategic positioning to strengthen European energy security and decarbonization objectives.

Who has invested in BBL Company?

1 investor has backed BBL Company across its funding rounds, including Enagas.

Lead investors include Enagas.


BBL Company Investors

Investors in BBL Company by funding rounds participated
InvestorHQRoundsRoleFirst check

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BBL Company Competitors

BBL Company competitors include listed companies like Mitratel, Chorus, FOCI Fiber Optic Communications and Uniti Group, and private ones like Plume Design and Reggefiber.

Public and private companies comparable to BBL Company
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MitratelIndonesiaIndonesiaPublicly listed$537M$402M$2.2B5.8x
ChorusNew ZealandNew ZealandPublicly listed$591M$291M$2.1B6.5x
FOCI Fiber Optic CommunicationsTaiwanTaiwanPublicly listed$59M$4M$2.3B31.6x
Uniti GroupUnited StatesUnited StatesPublicly listed$2.2B$1.2B$2.3B3.9x
Plume DesignUnited StatesSan Francisco, CAPrivate--$2.6B-
ReggefiberNetherlandsEnschedePrivate--$1.8B-

BBL Company Public Comps

BBL Company is still privately-owned, but its public comps include Mitratel, Chorus, FOCI Fiber Optic Communications, Uniti Group, Browave, Tower Bersama, Liberty Latin America, SUNeVision, Cetc Potevio Science and Helios Towers.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Mitratel$537M$402M6.0x5.8x8.1x7.1x
Chorus$591M$291M6.7x6.5x13.6x9.2x
FOCI Fiber Optic Communications$59M$4M37.2x31.6x522.6x512.9x
Uniti Group$2.2B$1.2B5.7x3.9x10.9x9.2x
Browave$70M$19M26.8x26.2x96.3x89.2x
Tower Bersama$390M$290M9.0x8.9x12.1x10.4x
Liberty Latin America$4.4B$909M2.2x2.3x11.0x6.2x
SUNeVision$374M$266M9.8x8.9x13.7x12.1x

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Common questions about BBL Company

When was BBL Company founded?BBL Company was founded in 2004.
Where is BBL Company headquartered?BBL Company is headquartered in Groningen, Netherlands.
Is BBL Company publicly listed?No, BBL Company is a private, VC-backed company.
What is BBL Company's valuation?BBL Company was last valued at $2.2B in its secondary sale in January 2023.
Who are BBL Company's investors?BBL Company's investors include Enagas.
Which companies are comparable to BBL Company?Companies comparable to BBL Company include Mitratel, Chorus, FOCI Fiber Optic Communications, Uniti Group, Plume Design and Reggefiber.

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