Ardian to buy majority stake in French decentralized energy business GreenYellow at €1.4bn valuation

Jul 28, 2022 | News

Secondaries giant Ardian has agreed to acquire a majority stake in French decentralized energy business GreenYellow at a valuation of €1.4bn.

Existing investors Casino Group, Bpifrance and Tikehau Capital have reinvested alongside Ardian.

GreenYellow was founded within the Casino Group in 2007, aiming to accelerate the low-carbon trajectory of large companies. Tikehau Capital and Bpifrance then invested €150m in the company in 2018.

It offers energy transition services including access to low-cost green energy and helps companies optimize their energy consumption.

Mathias Burghardt, member of the Ardian executive committee and head of Ardian Infrastructure, said, “The quality of GreenYellow’s managers and teams, and the company’s positioning at the heart of the energy transition issues have convinced us. We are certain that the decentralized energy production and energy efficiency solutions proposed by GreenYellow will play a key role in achieving the decarbonization and energy sobriety objectives of companies and communities.

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Peter Kim, partner and head of Asia at Coller Capital, said, We are excited to co-lead this transaction partnering with a blue-chip firm such as Hahn & Co. and to be investing in one of Hahn & Co’s trophy assets.

“Our first-hand expertise in Korea, together with our strong relationship with Hahn & Co., have enabled us to undertake extensive due diligence and execute this large, complex transaction. We look forward to utilizing our expertise further to develop the private capital secondary market in Korea.”

Scott Sang-Won Hahn, CEO of Hahn & Co, added, “This partnership with Coller Capital and a leading global secondary player represents an important milestone in Korea private equity and is evidence of how private equity firms can be successful, long-term owners of businesses with the ability to transform companies and industries.”

Hahn & Co had reportedly closed its third buyout fund on $2.7bn and a co-investment fund on $500m in 2019.

The firm was founded in 2010 by former Morgan Stanley exec Scott Hahn. It has $5.6bn in assets under management according to its website.

Source: Altassets

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