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- GreenYellow
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
Bpifrance
Tikehau Capital
Farallon Capital Management
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
Website
Status
Acquired
Customer focus
B2B
Revenue model
Services
Valuation
$707M (Oct 2018)
Sectors
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.
| Acquirer | Date | Type | Price | EV/EBITDA |
|---|---|---|---|---|
| 28 Jul 2022 | PE buyout | $1.4B | 17.5x |
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
| Date | Stage | Valuation |
|---|---|---|
| Oct 2018 | Undisclosed 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
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Feb 2022 | Undisclosed stage | Farallon Capital Management (lead) | $122M | - |
| Oct 2018 | Undisclosed stage | Bpifrance (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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Oct 2018 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialGreenYellow Competitors
GreenYellow competitors include listed companies like Premier Energy, CropEnergies and Scatec, and private ones like LONGi Hydrogen Energy, Yuze Semiconductor and 1Komma5°.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.9B | $188M | $1.4B | 0.9x | ||
| Private | - | - | $1.4B | - | ||
| Private | - | - | $1.4B | - | ||
| Publicly listed | $5M | ($40M) | $1.4B | 1.0x | ||
| Publicly listed | $387M | - | $1.5B | 8.5x | ||
| Private | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.9B | $188M | 0.9x | 0.9x | 9.0x | 9.1x | |||
| $5M | ($40M) | 270.8x | 1.0x | (35.0x) | 11.8x | |||
| $387M | - | 12.4x | 8.5x | - | 11.7x | |||
| $252K | ($509K) | 5324.1x | - | (2637.8x) | - | |||
| $2.2B | $208M | 1.0x | 1.0x | 10.3x | 6.6x | |||
| $10M | ($62M) | 191.9x | - | (32.5x) | - | |||
| $965M | $232M | 1.9x | 2.0x | 7.9x | 9.1x | |||
| $1.7B | $475M | 1.2x | 1.3x | 4.2x | 3.8x | |||
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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°. |
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