At what enterprise value was Opdenergy acquired in 2023?

During the acquisition of Opdenergy by ANTIN INFRASTRUCTURE in 2023, 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 1b - 4b 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 Opdenergy when it was acquired by ANTIN INFRASTRUCTURE?

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

When was Opdenergy acquired by ANTIN INFRASTRUCTURE?

Opdenergy was acquired by ANTIN INFRASTRUCTURE in 2023.

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

The revenue of Opdenergy at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of Opdenergy during the acquisition?

Opdenergy's EBITDA is estimated to be in the range of 50M - 100M 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 Opdenergy 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 Opdenergy 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://www.antin-ip.com/media/our-news/antin-infrastructure-partners-announces-voluntary-cash-tender-offer-100-opdenergy

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06/2023

Opdenergy acquired by ANTIN INFRASTRUCTURE

SPAIN Power Generation / Renewables / Solar / PV EV 1b - 4b EUR

Context

Antin Infrastructure Partners disclosed in June 2023 a voluntary cash tender offer to acquire the entirety of Opdenergy, a French independent operator specialised in renewable electricity generation. Opdenergy’s portfolio comprises on‑shore wind, solar photovoltaic and hydroelectric assets primarily located in metropolitan France, with an installed capacity that positions it among the leading domestic producers of green power. The transaction is subject to customary shareholder approval, regulatory clearance and the satisfaction of standard closing conditions. Founded in 2009, Opdenergy has built a vertically integrated business model encompassing development, construction, operation and asset management, thereby delivering a stable, long‑term cash‑flow profile. Antin Infrastructure Partners, with a multi‑decade heritage of investing across European core infrastructure, leverages a dedicated renewable‑energy platform and a deep pool of technical expertise to evaluate the acquisition. The strategic rationale for Antin centres on the acceleration of its renewable‑energy platform and the creation of a pan‑French, scale‑efficient asset base that can be leveraged for future development pipelines. By assimilating Opdenergy’s mature, contracted portfolio, Antin augments its exposure to long‑duration power purchase agreements and capacity‑allocation mechanisms, thereby enhancing the predictability of cash generation. Moreover, the acquisition aligns with Antin’s broader ESG commitments, providing a clear pathway to increase the proportion of low‑carbon assets under management while exploiting cross‑border financing synergies within its existing infrastructure fund structures. Post‑closing, Antin anticipates a phased integration that will standardise operational processes, optimise maintenance regimes and consolidate procurement activities across the combined fleet. The enlarged asset pool is expected to generate economies of scope, improve debt‑service capacity and enable the deployment of capital for incremental repowering or greenfield projects. In the medium term, the transaction is projected to reinforce Antin’s market positioning as a leading infrastructure investor in the European renewable sector, delivering a more resilient, diversified revenue stream for its limited partners.

Opdenergy, which reported an EBITDA margin of LOGIN in 2022, 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

Opdenergy is a vertically integrated developer, owner and operator of renewable power assets, primarily focused on solar photovoltaic (PV) and on‑shore wind projects across France and select European markets. The firm’s value proposition rests on end‑to‑end project execution, encompassing site acquisition, permitting, engineering, procurement, construction (EPC) coordination, financing structuring and long‑term operations and maintenance (O&M). Its portfolio is diversified across utility‑scale installations and corporate‑oriented solar farms, with a strategic emphasis on delivering stable, contracted electricity output under power purchase agreements (PPAs) and regulated feed‑in tariffs. Opdenergy leverages proprietary asset management platforms to optimise performance, integrate battery storage solutions where applicable, and ensure compliance with national grid codes and sustainability standards. The company’s client base includes industrial corporations, municipal utilities and energy traders seeking renewable supply commitments. Since inception, Opdenergy has expanded its strategic footprint through organic growth and selective joint‑venture collaborations, establishing a presence in key high‑irradiance and wind‑resource regions while maintaining a strong focus on operational excellence and regulatory adherence.

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2021

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REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Opdenergy by ANTIN INFRASTRUCTURE 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: opdenergy

Acquirer: antin infrastructure