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- Greenlink Interconnector
Greenlink Interconnector Acquisition, Valuation, Funding & Investors
Greenlink Interconnector was acquired by Equitix, Baltic Cable and Partners Group for $1.1B in March 2025.
Greenlink Interconnector acquisition price
$1.1B
Acquired by Equitix, Baltic Cable +1 · Mar 2025
Key investors in Greenlink Interconnector
Mubadala
Partners Group
About Greenlink Interconnector
Greenlink Interconnector is an energy company. It supplies electricity transmission, energy security, and related infrastructure services.
Founded
2014
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Usage-based
Valuation
$1.1B (acquired Mar 2025)
Sectors
Greenlink Interconnector Acquisition
Greenlink Interconnector was acquired by Equitix, Baltic Cable and Partners Group for $1.1B on 17 March 2025.
Partners Group agreed to sell Greenlink Interconnector, the 504 MW subsea electricity link between Great Britain and Ireland, to Baltic Cable and Equitix. The transaction valued Greenlink at an enterprise value of over EUR 1 billion. The interconnector has nominal capacity equivalent to powering around 380,000 homes and supports the integration of renewable generation, grid flexibility and energy security across the two markets. Partners Group had backed the project since 2019 and drove its delivery into operation.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 17 Mar 2025 | PE buyout | $1.1B |
Sources: partnersgroup.com
Greenlink Interconnector Funding History
Greenlink Interconnector has raised 1 funding round, plus 1 secondary share sale.
Greenlink Interconnector funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2026 | Secondary | Mubadala (lead) | $200M | Mubadala Investment Company, an Abu Dhabi sovereign investor, acquired a $200 million stake in the Greenlink electricity interconnector by purchasing Equitix's share in the joint venture between Equitix and Baltic Cable. The deal, announced in June 2026, grants Mubadala a position in the 504MW subsea HVDC cable linking Great Britain and Ireland, spanning approximately 190 kilometers. This investment reflects Mubadala's strategic focus on infrastructure assets that enhance connected, efficient, and resilient power systems, aligning with growing Gulf interest in stable European utility assets amid energy transition efforts. Greenlink is regulated by Ofgem and CRU, utilizing high-voltage direct current technology with a nominal capacity equivalent to powering around 380,000 homes. The project facilitates renewable energy flow between Ireland and Great Britain, supporting energy security and grid exposure for Abu Dhabi's existing UK power portfolio, following prior investments in Hornsea 3 and Zenobē. |
| Mar 2019 | Undisclosed stage | Partners Group (lead) | - | Partners Group provided equity financing for Greenlink Interconnector, a project to build a 500 MW subsea electricity link between Ireland and Great Britain. The interconnector uses a high-voltage direct current cable system to connect the two power markets, improving security of supply and reducing average electricity costs in both countries. Greenlink had been developed by Element Power, which alongside funds managed by Hudson Sustainable Investments remained a major shareholder. |
Who has invested in Greenlink Interconnector?
2 investors have backed Greenlink Interconnector across its funding rounds, including Mubadala and Partners Group.
Lead investors include Mubadala and Partners Group.
Greenlink Interconnector Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialGreenlink Interconnector Competitors
Greenlink Interconnector competitors include listed companies like Polenergia, Edenor, Banpu Power and Superior Plus, and private ones like Aqualia and Rabigh Arabian Water & Electricity Company.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.1B | $75M | $1.1B | 1.6x | ||
| Publicly listed | $2B | $533M | $1.1B | 0.6x | ||
| Publicly listed | - | - | $1.1B | - | ||
| Publicly listed | $2.5B | $473M | $1.1B | 1.2x | ||
| Private | - | - | $1.2B | - | ||
| Private | $311M | - | $1.3B | 4.0x |
Greenlink Interconnector Public Comps
Greenlink Interconnector is no longer listed, but its public comps include Polenergia, Edenor, Banpu Power, Superior Plus, Mahanagar Gas, XPLR Infrastructure, Middlesex Water, Transcorp Power, Celesc and Light SA.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $75M | 1.5x | 1.6x | 21.8x | 12.6x | |||
| $2B | $533M | 0.7x | 0.6x | 2.6x | 4.9x | |||
| - | - | - | - | - | - | |||
| $2.5B | $473M | 1.2x | 1.2x | 6.4x | 6.5x | |||
| $856M | $162M | 1.2x | 1.1x | 6.2x | 6.8x | |||
| $1.2B | $607M | 11.8x | 10.7x | 23.0x | - | |||
| $195M | $94M | 7.7x | 7.1x | 15.8x | 16.8x | |||
| $299M | $98M | 3.8x | - | 11.6x | - | |||
This data is available for Pro users. Sign up to see all Greenlink Interconnector competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Greenlink Interconnector
| When was Greenlink Interconnector founded? | Greenlink Interconnector was founded in 2014. |
| Where is Greenlink Interconnector headquartered? | Greenlink Interconnector is headquartered in Dublin, Ireland. |
| Is Greenlink Interconnector publicly listed? | No, Greenlink Interconnector was acquired by Equitix, Baltic Cable and Partners Group in March 2025. |
| Who acquired Greenlink Interconnector? | Greenlink Interconnector was acquired by Equitix, Baltic Cable and Partners Group in March 2025. |
| How much was Greenlink Interconnector acquired for? | Greenlink Interconnector was acquired for $1.1B in March 2025. |
| What was Greenlink Interconnector's last funding round? | Greenlink Interconnector's last funding round was a undisclosed-stage round in March 2019, led by Partners Group. |
| Who are Greenlink Interconnector's investors? | Greenlink Interconnector's investors include Partners Group and Mubadala. |
| Which companies are comparable to Greenlink Interconnector? | Companies comparable to Greenlink Interconnector include Polenergia, Edenor, Banpu Power, Superior Plus, Aqualia and Rabigh Arabian Water & Electricity Company. |
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