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09/2024

COPELOUZOS WIND PORTFOLIO acquired by PPC GROUP

GREECE Power Generation / Renewables EV 100M - 350M EUR

Context

PPC Group has finalized a strategic agreement to acquire an extensive energy portfolio from the Copelouzos and Samaras groups, a maneuver designed to fundamentally accelerate the group’s renewable transition. The strategic rationale for this transaction centers on a "portfolio-enhancement" play, merging the target's industry-leading technical operational depth in wind and solar generation with the group’s vast integrated utility infrastructure. This fusion effectively creates a specialized powerhouse in the Greek energy arena, providing the organization with the scientific talent and high-performance hardware required to address the increasing demand for decarbonized power and grid stability. This operation allows the group to execute a definitive structural expansion of its renewable capacity, specifically targeting areas with high wind potential and secured network access. By incorporating the target's innovative 1.7 GW pipeline and increasing its control over the Alexandroupolis CCGT unit, the organization can now provide a more robust and integrated solution set for energy exports in Southeastern Europe.

COPELOUZOS WIND PORTFOLIO, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of .

Target

Copelouzos & Samaras RES Portfolio comprises a high-performance energy assets consisting of operational wind parks in high-potential regions and photovoltaic (PV) utility-scale plants. The operational assets include hardware such as high-capacity wind turbines with superior capacity factors and advanced solar array systems. Beyond operational assets, the entity includes a massive development pipeline of renewable energy projects totaling 1.7 GW, encompassing land rights, grid access permits, and environmental licenses for future wind and solar installations. Additionally, the transaction includes a strategic minority interest in a Combined Cycle Gas Turbine (CCGT) thermal plant, providing modern gas-fired power generation technology with high-efficiency turbines designed for grid stabilization. Strategically, the organization focuses on the production of clean electricity and the development of energy infrastructure that supports regional security of supply.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
2023

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REFERENCES

Valuation range: EV 100M - 350M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of COPELOUZOS WIND PORTFOLIO by PPC GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.