At what enterprise value was Reden Solar acquired in 2022?

During the acquisition of Reden Solar by MACQUARIE in 2022, 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 Reden Solar when it was acquired by MACQUARIE?

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

When was Reden Solar acquired by MACQUARIE?

Reden Solar was acquired by MACQUARIE in 2022.

What was the revenue of Reden Solar at the time of the deal?

The revenue of Reden Solar at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of Reden Solar during the acquisition?

Reden Solar's EBITDA is estimated to be in the range of 100M - 200M 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 Reden Solar 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 Reden Solar 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://infraviacapital.com/fr/infravia-a-conclu-un-accord-avec-un-consortium-mene-par-macquarie-asset-management-pour-la-cession-de-reden-solar/

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03/2022

Reden Solar acquired by MACQUARIE

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

Context

Infravia Capital announced the execution of a definitive agreement whereby a consortium led by Macquarie Asset Management would acquire the French solar development platform Reden Solar. Reden Solar, established in 2017, has built a portfolio of utility‑scale photovoltaic projects across multiple European jurisdictions, primarily focusing on ground‑mounted, grid‑connected assets. The transaction follows a broader trend of international infrastructure investors consolidating fragmented renewable‑energy developers to achieve scale and geographic diversification. The acquisition aligns with Macquarie’s strategic intent to deepen its exposure to the European clean‑energy market and to augment its pipeline of development‑stage solar assets. From the buyer’s perspective, Reden Solar provides immediate access to a robust pipeline of projects at advanced development stages, a seasoned technical team, and established relationships with local permitting authorities. The logic of integration is underpinned by Macquarie’s capacity to apply its capital‑raising expertise, long‑term financing structures, and operational best practices to accelerate project delivery and enhance risk‑adjusted returns. Post‑closing, Reden Solar is expected to be integrated into Macquarie’s existing renewable‑infrastructure platform, leveraging shared services for engineering, procurement, and construction while benefitting from the parent’s global financing network. The operational synergy is anticipated to shorten development timelines, improve cost efficiency, and expand the combined entity’s asset base, thereby positioning the platform to capture a larger share of the European solar capacity expansion forecasted for the next decade.

Reden Solar, which reported an EBITDA margin of LOGIN in 2021, 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

Reden Solar is a French‑based developer and integrator of utility‑scale photovoltaic power plants. The company originates its value proposition through the end‑to‑end delivery of solar projects, encompassing site identification, permitting, financing coordination, engineering, procurement, construction and long‑term operation and maintenance. Its portfolio comprises ground‑mounted PV farms ranging from a few megawatts to multi‑hundred‑megawatt installations, primarily situated in metropolitan France with a growing presence in neighboring European markets. Reden Solar serves a client base that includes electricity distributors, corporate off‑takers, and institutional investors seeking renewable‑energy assets. The firm maintains a vertically integrated structure, retaining in‑house expertise in grid interconnection studies, civil works, and module installation, while also leveraging a network of specialized subcontractors for balance‑of‑system components. Strategic emphasis is placed on aligning project development with national renewable‑energy targets and on optimizing plant performance through data‑driven O&M practices. Since its inception, the company has built a pipeline of projects at various development stages, from pre‑permit to commercial operation, and has established partnerships with local authorities and landowners to secure long‑term site rights. Reden Solar’s operational footprint is supported by a headquarters in Paris and regional offices that coordinate field activities across its asset base.

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REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Reden Solar by MACQUARIE 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).

Target: reden solar

Acquirer: macquarie