Energie Steiermark Valuation, Funding & Investors

Energie Steiermark is valued at $557M as of February 2023.

Last Energie Steiermark valuation

$557M

Secondary · Feb 2023

Key investors in Energie Steiermark

  • Macquarie Asset Management
  • Province of Styria

Energie Steiermark Overview

About Energie Steiermark

Energie Steiermark is one of Austria's largest regional energy distribution and services companies, based in the province of Styria. It operates a 31,300-kilometre electricity grid and a 4,200-kilometre gas network, supplies district heating, and generates power from hydro, wind, solar and biomass, with activities extending into Slovenia, the Czech Republic, France and Germany. Revenue comes from regulated network tariffs, energy sales and energy services.


Founded

1998

HQ

AustriaGraz

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Usage-based, Product sales

Valuation

$557M (Feb 2023)

Energie Steiermark Valuation

Energie Steiermark is currently valued at $557M, based on its secondary sale in February 2023. Read the announcement ↗

The round included Province of Styria.

Energie Steiermark valuation by funding round

Energie Steiermark valuation by funding round
DateStageValuation
Feb 2023Secondary$557M

Energie Steiermark Funding History

Energie Steiermark has 2 recorded secondary share sales and no primary funding rounds.

Energie Steiermark funding rounds
DateStageInvestorsValuationDeal Summary
Feb 2023SecondaryProvince of Styria$557MMacquarie Asset Management agreed to divest the 25 per cent stake in Austrian utility Energie Steiermark held by Macquarie European Infrastructure Fund 4 to the provincial government of Styria, the company's majority shareholder, for EUR 525 million. MEIF4 had acquired the holding from EDF in 2015. The sale returned the minority interest to public ownership; completion was expected in the first quarter of 2023.
Jul 2015SecondaryMacquarie Asset Management-Macquarie European Infrastructure Fund 4 signed an agreement with Electricite de France to acquire EDF's 25 per cent shareholding in Austrian regional utility Energie Steiermark AG. The stake sat alongside the majority holding of the Province of Styria, which had a say in approving the transfer, and the deal was cleared and completed later in 2015. EDF was disposing of non-core European minority interests; the price was not disclosed at signing.

Who has invested in Energie Steiermark?

2 investors have backed Energie Steiermark across its funding rounds, including Macquarie Asset Management and Province of Styria.


Energie Steiermark Investors

Investors in Energie Steiermark by funding rounds participated
InvestorHQRoundsRoleFirst check

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Energie Steiermark Competitors

Energie Steiermark competitors include listed companies like Audax Renovables, Shizuoka Gas Co, Genie Energy and Reliance Power, and private ones like Órigo Energia and Hydro Rein.

Public and private companies comparable to Energie Steiermark
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Audax RenovablesSpainSpainPublicly listed$2.2B$107M$590M0.4x
Shizuoka Gas CoJapanJapanPublicly listed$1.3B$153M$674M0.5x
Genie EnergyUnited StatesUnited StatesPublicly listed$502M$30M$431M0.5x
Órigo EnergiaBrazilSão PauloPrivate--$816M-
Reliance PowerIndiaIndiaPublicly listed$751M$278M$908M-
Hydro ReinNorwayOsloPrivate--$333M-

Energie Steiermark Public Comps

Energie Steiermark is still privately-owned, but its public comps include Raizen, Esval, West Holdings, Enel Distribucion Chile, Elmera Group, York Water, Zephyrus Wing Energies, CK Power PCL, SandRidge Energy and Akfen Yenilenebilir Enerji.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Raizen$44B($1.4B)0.3x0.3x(8.7x)9.7x
Esval$323M$133M4.2x-10.1x-
West Holdings$304M$74M3.1x2.7x12.6x10.3x
Enel Distribucion Chile$1.8B$92M0.3x-5.9x-
Elmera Group$1.3B$75M0.5x3.6x8.9x8.1x
York Water$77M$44M9.4x8.5x16.6x15.4x
Zephyrus Wing Energies$65M$34M11.8x-22.9x-
CK Power PCL$303M$198M5.4x5.3x8.3x13.0x

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Common questions about Energie Steiermark

When was Energie Steiermark founded?Energie Steiermark was founded in 1998.
Where is Energie Steiermark headquartered?Energie Steiermark is headquartered in Graz, Austria.
Is Energie Steiermark publicly listed?No, Energie Steiermark is a private, VC-backed company.
What is Energie Steiermark's valuation?Energie Steiermark was last valued at $557M in its secondary sale in February 2023.
Who are Energie Steiermark's investors?Energie Steiermark's investors include Macquarie Asset Management and Province of Styria.
Which companies are comparable to Energie Steiermark?Companies comparable to Energie Steiermark include Audax Renovables, Shizuoka Gas Co, Genie Energy, Órigo Energia, Reliance Power and Hydro Rein.

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