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- Denerge Desenvolvimento Energético
Denerge Desenvolvimento Energético Valuation, Funding & Investors
Denerge Desenvolvimento Energético is valued at $2.7B as of June 2026.
Last Denerge Desenvolvimento Energético valuation
$2.7B
Strategic investment · Jun 2026
Last Denerge Desenvolvimento Energético funding round
$271M
Strategic investment · Jun 2026
Cumulative funding Denerge Desenvolvimento Energético raised
$271M
across 1 funding round
Key investors in Denerge Desenvolvimento Energético
Denerge Desenvolvimento Energético Overview
About Denerge Desenvolvimento Energético
Denerge Desenvolvimento Energético is a Brazilian holding company that groups the Energisa group's equity interests in the electricity sector. Its main assets are stakes in power distribution and related companies, including Rede Energia, and it sits above the listed utility Energisa. The group is controlled by the Botelho family, which kept control after the 2026 capital increase in which Itaú Unibanco subscribed all of the holding's preferred shares. Denerge and a sister holding, Nova Denerge, hold an option to repurchase those shares under the shareholders' agreement. The holding earns its returns through dividends and equity income from the group's operating utilities.
Founded
1981
HQ
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Usage-based
Valuation
$2.7B (Jun 2026)
Sectors
Denerge Desenvolvimento Energético Valuation
Denerge Desenvolvimento Energético is currently valued at $2.7B, based on its strategic investment round in June 2026. Read the announcement ↗
The $271M round included Itaú.
Denerge Desenvolvimento Energético valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2026 | Strategic investment | $2.7B |
Denerge Desenvolvimento Energético Funding History
Denerge Desenvolvimento Energético has raised a total of $271M across 1 funding round.
Denerge Desenvolvimento Energético funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Strategic investment | Itaú | $271M | $2.7B | Itaú Unibanco agreed in June 2026 to invest about BRL 1.4 billion in Denerge Desenvolvimento Energético, the holding company that groups the Energisa electricity group's equity interests, in exchange for a minority stake of about 9.98%. Itaú subscribed all of the preferred shares issued by Denerge in a primary capital increase, meaning the money went directly into the group's cash rather than to selling shareholders. Energisa said the proceeds would capitalise Denerge and improve the group's corporate structure, at a time when the group is entering its heaviest investment cycle after early 30-year renewals in May 2026 of distribution concessions in Mato Grosso, Mato Grosso do Sul, Sergipe and Paraiba, tied to a commitment of about BRL 18 billion of investment over five years. Energisa and Nova Denerge, another group holding, kept an option to repurchase the shares held by the bank under the shareholders' agreement, and the Botelho family retains control. Denerge's main assets are stakes in electricity companies, including Rede Energia. Energisa is a Brazilian electricity group founded in 1905 and listed in Sao Paulo, with a distribution, transmission and generation business. |
Who has invested in Denerge Desenvolvimento Energético?
1 investor has backed Denerge Desenvolvimento Energético across its funding rounds, including Itaú.
Denerge Desenvolvimento Energético Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialDenerge Desenvolvimento Energético Competitors
Denerge Desenvolvimento Energético competitors include listed companies like Toho Gas, Redes Energéticas Nacionais, Colbun and Enea S.A., and private ones like The Faraday Grid and EGPE Solar.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.1B | $517M | $2.7B | 0.9x | ||
| Publicly listed | $1.1B | $593M | $2.7B | 4.2x | ||
| Publicly listed | $1.6B | $523M | $2.7B | 2.5x | ||
| Publicly listed | $7B | $1B | $2.8B | 0.6x | ||
| Private | - | - | $3.7B | - | ||
| Private | - | - | $2B | - |
Denerge Desenvolvimento Energético Public Comps
Denerge Desenvolvimento Energético is still privately-owned, but its public comps include Toho Gas, Redes Energéticas Nacionais, Colbun, Enea S.A., Marafiq, Naturgy Brasil, Comgás, Enerjisa, Enerya and Vector.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.1B | $517M | 0.9x | 0.9x | 7.0x | 8.5x | |||
| $1.1B | $593M | 4.7x | 4.2x | 9.0x | 8.7x | |||
| $1.6B | $523M | 2.7x | 2.5x | 8.2x | 6.3x | |||
| $7B | $1B | 0.5x | 0.6x | 3.7x | 2.8x | |||
| $1.9B | $659M | 3.1x | 3.0x | 8.7x | 7.7x | |||
| $876M | $214M | 3.0x | - | 12.4x | - | |||
| $2.1B | $678M | 2.0x | - | 6.2x | - | |||
| $4.7B | $636M | 0.9x | 0.7x | 6.7x | 3.9x | |||
This data is available for Pro users. Sign up to see all Denerge Desenvolvimento Energético competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Denerge Desenvolvimento Energético
| When was Denerge Desenvolvimento Energético founded? | Denerge Desenvolvimento Energético was founded in 1981. |
| Where is Denerge Desenvolvimento Energético headquartered? | Denerge Desenvolvimento Energético is headquartered in Cataguases, Brazil. |
| Is Denerge Desenvolvimento Energético publicly listed? | No, Denerge Desenvolvimento Energético is a private, VC-backed company. |
| What is Denerge Desenvolvimento Energético's valuation? | Denerge Desenvolvimento Energético was last valued at $2.7B in its strategic investment round in June 2026. |
| How much funding has Denerge Desenvolvimento Energético raised? | Denerge Desenvolvimento Energético has raised $271M across 1 funding round. |
| What was Denerge Desenvolvimento Energético's last funding round? | Denerge Desenvolvimento Energético's last funding round was a $271M strategic investment round in June 2026. |
| Who are Denerge Desenvolvimento Energético's investors? | Denerge Desenvolvimento Energético's investors include Itaú. |
| Which companies are comparable to Denerge Desenvolvimento Energético? | Companies comparable to Denerge Desenvolvimento Energético include Toho Gas, Redes Energéticas Nacionais, Colbun, Enea S.A., The Faraday Grid and EGPE Solar. |
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