GreenYellow Acquisition, Valuation, Funding & Investors

GreenYellow was acquired by Ardian for $1.4B in July 2022.

GreenYellow acquisition price

$1.4B

Acquired by Ardian · Jul 2022

GreenYellow EBITDA multiple at acquisition

17.5x

EV/EBITDA · Jul 2022

Cumulative funding GreenYellow raised

$292M

across 2 funding rounds

Key investors in GreenYellow

GreenYellow Overview

About GreenYellow

GreenYellow is a Paris-headquartered energy services provider and Engie subsidiary operating in France, Brazil, and other regions. The company finances and installs rooftop solar photovoltaic systems for commercial and industrial clients, alongside energy efficiency audits and LED lighting upgrades. It manages over 500 megawatts of solar capacity, enabling businesses to generate self-consumed electricity through long-term power purchase agreements.


Founded

2007

HQ

FranceParis

Status

Acquired

Customer focus

B2B

Revenue model

Services

Valuation

$707M (Oct 2018)

GreenYellow Acquisition

GreenYellow was acquired by Ardian for $1.4B on 28 July 2022.

The acquisition price implies a 17.5x EBITDA multiple.

Before the acquisition GreenYellow had raised $292M across 2 funding rounds.

Ardian agreed to acquire a majority stake in GreenYellow from Groupe Casino, Tikehau Capital and Bpifrance in July 2022, in a transaction that values the company at EUR 1.4 billion. Casino Group, Tikehau Capital and Bpifrance reinvested alongside Ardian and kept minority stakes, and the plan also provides for the participation of the management team and all employees in the capital. Ardian said GreenYellow's decentralized energy production and energy efficiency solutions will play a key role in the decarbonization objectives of companies and communities. The transaction was subject to consultation with employee representative bodies and to merger control and foreign investment approvals, and completion was expected in the fourth quarter of 2022. GreenYellow was founded within the Casino Group in 2007 and has been led by Otmane Hajji as President and Philippe Houins as Chief Officer in charge of Operations. The company is a French decentralized energy business that helps large companies and communities move to greener and more efficient energy, including solar photovoltaic generation and energy efficiency services. It operates in more than 15 countries on four continents. Tikehau Capital and Bpifrance had invested EUR 150 million in GreenYellow in 2018 to support its development.

GreenYellow acquisition details
AcquirerDateTypePriceEV/EBITDA
  • Ardian
28 Jul 2022PE buyout$1.4B17.5x

Sources: ardian.com

GreenYellow Valuation

GreenYellow is currently valued at $707M, based on its undisclosed-stage round in October 2018.

The $170M round was led by Bpifrance and Tikehau Capital.

GreenYellow valuation by funding round

GreenYellow valuation by funding round
DateStageValuation
Oct 2018Undisclosed stage$707M

GreenYellow Funding History

GreenYellow has raised a total of $292M across 2 funding rounds.

GreenYellow's first fundraising round was a $170M undisclosed-stage round in October 2018. The most recent completed round was a $122M undisclosed-stage round in February 2022.

GreenYellow funding rounds

GreenYellow funding rounds
DateStageInvestorsRaisedValuation
Feb 2022Undisclosed stageFarallon Capital Management (lead)$122M-
Oct 2018Undisclosed stageBpifrance (lead); Tikehau Capital (lead)$170M$707M

Who has invested in GreenYellow?

3 investors have backed GreenYellow across its funding rounds, including Bpifrance, Tikehau Capital and Farallon Capital Management.

Lead investors include Farallon Capital Management, Bpifrance and Tikehau Capital.


GreenYellow Investors

Investors in GreenYellow by funding rounds participated
InvestorHQRoundsRoleFirst check
Tikehau CapitalFranceFrance1LeadOct 2018

This data is available for Pro users. Sign up to see all 3 GreenYellow investors.

Start Free Trial

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 Trial

GreenYellow Competitors

GreenYellow competitors include listed companies like Premier Energy, CropEnergies and Scatec, and private ones like LONGi Hydrogen Energy, Yuze Semiconductor and 1Komma5°.

Public and private companies comparable to GreenYellow
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Premier EnergyCyprusCyprusPublicly listed$1.9B$188M$1.4B0.9x
LONGi Hydrogen EnergyChinaXi'anPrivate--$1.4B-
Yuze SemiconductorChinaKunmingPrivate--$1.4B-
CropEnergiesGermanyGermanyPublicly listed$5M($40M)$1.4B1.0x
ScatecNorwayNorwayPublicly listed$387M-$1.5B8.5x
1Komma5°GermanyGermanyPrivate$542M-$1.4B-

GreenYellow Public Comps

GreenYellow is no longer listed, but its public comps include Premier Energy, CropEnergies, Scatec, Emerald Horizon, CS Wind, Econergy, Romande Energie, Celsia, Minera Valparaiso and REX American Resources.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Premier Energy$1.9B$188M0.9x0.9x9.0x9.1x
CropEnergies$5M($40M)270.8x1.0x(35.0x)11.8x
Scatec$387M-12.4x8.5x-11.7x
Emerald Horizon$252K($509K)5324.1x-(2637.8x)-
CS Wind$2.2B$208M1.0x1.0x10.3x6.6x
Econergy$10M($62M)191.9x-(32.5x)-
Romande Energie$965M$232M1.9x2.0x7.9x9.1x
Celsia$1.7B$475M1.2x1.3x4.2x3.8x

This data is available for Pro users. Sign up to see all GreenYellow competitors and their valuation data.

Start Free Trial

Common questions about GreenYellow

When was GreenYellow founded?GreenYellow was founded in 2007.
Where is GreenYellow headquartered?GreenYellow is headquartered in Paris, France.
Is GreenYellow publicly listed?No, GreenYellow was acquired by Ardian in July 2022.
Who acquired GreenYellow?GreenYellow was acquired by Ardian in July 2022.
How much was GreenYellow acquired for?GreenYellow was acquired for $1.4B in July 2022.
What is GreenYellow's valuation?GreenYellow was last valued at $707M in its undisclosed-stage round in October 2018.
How much funding has GreenYellow raised?GreenYellow has raised $292M across 2 funding rounds.
What was GreenYellow's last funding round?GreenYellow's last funding round was a $122M undisclosed-stage round in February 2022, led by Farallon Capital Management.
Who are GreenYellow's investors?GreenYellow's investors include Tikehau Capital, Bpifrance and Farallon Capital Management.
Which companies are comparable to GreenYellow?Companies comparable to GreenYellow include Premier Energy, LONGi Hydrogen Energy, Yuze Semiconductor, CropEnergies, Scatec and 1Komma5°.

See companies similar to GreenYellow

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial