At what enterprise value was Neoen acquired in 2025?

During the acquisition of Neoen by BROOKFIELD in 2025, the company was valued at an estimated revenue multiple of 10x - 18x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA.

What was the EV/EBITDA of Neoen when it was acquired by BROOKFIELD?

The estimated EV/EBITDA multiple for Neoen is in the range of 15x - 25x. Join our community for free to access full valuation data and industry trends.

When was Neoen acquired by BROOKFIELD?

Neoen was acquired by BROOKFIELD in 2025.

What was the revenue of Neoen at the time of the deal?

The revenue of Neoen at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of Neoen during the acquisition?

Neoen's EBITDA is estimated to be in the range of 250M - 500M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the Neoen acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the Neoen deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://neoen.com/app/uploads/2025/03/Resultats-offre-Brookfield-x-Neoen-19032025.pdf

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Home DatabaseNeoen

03/2025

Neoen acquired by BROOKFIELD

FRANCE Power Generation / Renewables / Solar / PV EV 3b - 100b EUR

Context

Brookfield Renewable Holdings announced the successful completion of a mandatory tender offer for all outstanding shares and convertible bonds of Neoen. The offer, launched in February 2025, resulted in Brookfield and its concert parties acquiring approximately 97.7% of Neoen’s share capital and the vast majority of its 2022 convertible instruments, thereby satisfying the conditions for a compulsory squeeze‑out. The transaction follows Brookfield’s earlier strategic intent, expressed in early 2025, to secure a controlling position in a leading independent renewable‑energy producer with a diversified portfolio spanning solar, on‑shore wind and utility‑scale battery storage across four continents. From Brookfield’s perspective, the acquisition aligns with its long‑term capital‑allocation thesis of consolidating high‑quality, asset‑rich renewable platforms that deliver stable, inflation‑linked cash flows. Neoen’s rapid capacity expansion—quadrupling to nearly 9 GW within six years—and its pipeline targeting 10 GW by year‑end provide Brookfield with immediate scale and a pipeline of projects that can be integrated into its global renewable infrastructure fund. The deal also enhances Brookfield’s geographic diversification, adding significant exposure to markets such as Australia, France and Finland, and deepens its expertise in large‑scale battery storage, a segment identified as a growth lever in the transition to a decarbonized grid. Post‑transaction, Neoen is expected to operate under a new shareholder structure that facilitates accelerated capital deployment, streamlined governance and synergies with Brookfield’s existing renewable assets. The integration logic foresees joint procurement, shared services and harmonised risk‑management frameworks, which should improve operating margins and reduce cost of capital. Moreover, the combined entity is positioned to leverage Brookfield’s extensive financing platform to fund Neoen’s 2025 capacity target, thereby reinforcing its role as a cornerstone developer in the global clean‑energy transition.

Neoen, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

Target

Fondé en 2008, Neoen est un producteur indépendant d'électricité exclusivement issue de sources renouvelables. L'entreprise développe, finance, construit et exploite des centrales solaires photovoltaïques, des parcs éoliens terrestres ainsi que des installations de stockage d'énergie par batteries à grande échelle. Son modèle intégré couvre l'ensemble de la chaîne de valeur, depuis l'identification des sites et l'obtention des autorisations jusqu'au financement, à la construction, à l'exploitation et à la gestion des actifs. Neoen dispose d'un portefeuille d'actifs répartis en Europe, en Amérique du Nord, en Amérique du Sud, en Afrique et en Australie, où le groupe s'est imposé comme un acteur majeur de la transition énergétique. Parmi ses principales réalisations figurent le Western Downs Green Power Hub en Australie, qui associe la plus grande centrale solaire du pays à un système de stockage par batteries, la centrale photovoltaïque de Cestas en France, le parc éolien de Mutkalampi en Finlande ainsi que la batterie de Collie, en Australie-Occidentale, l'une des plus puissantes au monde. L'entreprise commercialise sa production sur les marchés de gros de l'électricité, dans le cadre de contrats d'achat d'énergie conclus avec des entreprises (PPA), ainsi qu'au travers de services destinés à l'équilibrage des réseaux électriques. Grâce à ses capacités de stockage, Neoen est également en mesure de fournir des services système et de garantir une alimentation en électricité renouvelable plus flexible.

Ent. Value

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Multiples

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2023

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REFERENCES

Valuation range: EV 3b - 100b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 250M - 500M EUR

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

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: neoen

Acquirer: brookfield