Energy & Utilities
M&A Database
In the Energy & Utilities sector, the average EBITDA multiple recorded since the beginning of the year is 10.3x, which represents a 9.7% decrease compared to 2025.
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M&A Database: Energy & Utilities
63 Deals in Energy & Utilities
| Date | Target | Acquirer | Sector | Rev | EBITDA | EV | xRev | xEBITDA |
|---|---|---|---|---|---|---|---|---|
| 03/2025 | AKUO FRANCE | ARDIAN | Renewables | XX.X | X.X | XXX | X.Xx | X.Xx |
| 03/2025 | SULO FRANCE | LATOUR CAPITAL | Waste Management | XX.X | X.X | XXX | X.Xx | X.Xx |
| 03/2025 | Neoen FRANCE | BROOKFIELD | Renewables | XX.X | X.X | XXX | X.Xx | X.Xx |
| 03/2025 | ITELYUM | Waste Management | XX.X | X.X | XXX | X.Xx | X.Xx | |
| 02/2025 | IREN ACQUA ITALY | IRETI | Water | XX.X | X.X | XXX | X.Xx | X.Xx |
| 01/2025 | APOLLO GLOBAL MANAGEMENT | Waste Management | XX.X | X.X | XXX | X.Xx | X.Xx | |
| 11/2024 | Greenvolt PORTUGAL | KKR | Renewables | XX.X | X.X | XXX | X.Xx | X.Xx |
| 11/2024 | TERNA ENERGY GREECE | Masdar | Renewables | XX.X | X.X | XXX | X.Xx | X.Xx |
| 09/2024 | COPELOUZOS WIND PORTFOLIO GREECE | PPC GROUP | Renewables | XX.X | X.X | XXX | X.Xx | X.Xx |
| 06/2024 | SECHE ENVIRONNEMENT | Waste Management | XX.X | X.X | XXX | X.Xx | X.Xx | |
| 06/2024 | Encavis GERMANY | KKR | Renewables | XX.X | X.X | XXX | X.Xx | X.Xx |
| 06/2024 | ENVIROPACIFIC AUSTRALIA | VEOLIA | Waste Management | XX.X | X.X | XXX | X.Xx | X.Xx |
| 05/2024 | GREENYELLOW FRANCE | ARDIAN | Electronic Components | XX.X | X.X | XXX | X.Xx | X.Xx |
| 11/2023 | Enerfin SPAIN | Statkraft | Renewables | XX.X | X.X | XXX | X.Xx | X.Xx |
| 09/2023 | A-GAS UNITED KINGDOM | TPG | Waste Management | XX.X | X.X | XXX | X.Xx | X.Xx |
What does the Energy & Utilities M&A sector cover?
On mynth, the Energy & Utilities M&A sector is structured across 5 major verticals with Oil & Gas, Networks (Grid), Power Generation, Energy Services & Technology, and Utilities (Regulated Infrastructure), covering 10 sub-sectors and 7 granular industry tags. This taxonomy mirrors how M&A professionals actually segment the market, enabling precise peer group construction and sector-specific EV/EBITDA benchmarking across European Small & Mid-Cap transactions.
What is the average EV/EBITDA multiple for Energy & Utilities transactions in 2026?
mynth tracks 63+ verified Energy & Utilities M&A transactions with an average EV/EBITDA of 10.3x for the year 2026. Our Energy & Utilities vertical provides deep granular data across the entire value chain of the Energy & Utilities industries. We track valuation multiples and transaction financials for a wide range of sub-industries, including Oil & Gas, Midstream (Infrastructure), Downstream (Refining & Retail), Upstream (Exploration & Production), Networks (Grid), Natural Gas Distribution, Electricity Transmission & Distribution, Power Generation, Renewables and Biogas. Whether you are looking for benchmarks in niche Energy & Utilities segments or broad market trends, mynth centralizes deal flow intelligence that covers specialized mid-market players and large-scale industrial consolidators across Europe. Our database is specifically designed to help analysts identify EBITDA multiples and Revenue trends within these highly regulated and capital-intensive sectors.
Who are the most active acquirers in European Energy & Utilities market?
According to mynth's community-contributed database of European Energy & Utilities transactions over the last 5 years, 51.9% of deals were driven by Private Equity firms while 48.1% were led by strategic acquirers. Among the most active buyers tracked on mynth: Antin Infrastructure, a private equity firm based in FRANCE, with 3 transactions, Eqt Partners, a private equity firm based in SWEDEN, with 3 deals, Kkr, a private equity firm based in UNITED STATES, with 3 operations, Seche Environnement, a strategic player based in FRANCE, with 3 acquisitions, Totalenergies, a strategic player based in FRANCE, with 3 transactions. This breakdown reflects the consolidation dynamics of the European Energy & Utilities mid-market, where strategic buyers and private equity firms continuously compete for market share and specialized assets.
How did we build this Energy & Utilities analysis?
The 10.3x average EV/EBITDA is based on mynth’s verified database of 63+ Energy & Utilities M&A transactions. The data is contributed by M&A and private equity professionals, then manually reviewed by mynth’s analysts to ensure consistency and accuracy. Each transaction is validated by comparing submitted figures with press releases, public announcements, market coverage, and private documents when available. This methodology gives mynth access to transaction-level intelligence that is often unavailable in traditional databases, allowing for a more precise view of valuation trends across the Energy & Utilities industry. Thanks to this community-driven approach, we provide a unique and highly granular view of each sector and sub-sector, from Oil & Gas and Networks (Grid) to Midstream (Infrastructure), Downstream (Refining & Retail) and Upstream (Exploration & Production), as examples.
How does mynth enrich this analysis for users?
Once logged in, users can access detailed financial data for each transaction, including the Enterprise Value, Equity Value, Revenue, EBITDA, and EBIT for the current year and for prior fiscal years, as well as the corresponding Revenue, EBITDA, and EBIT multiples. On each deal page, the sources of the financial data are clearly indicated: links to press articles or official announcements, or a tag specifying when the data comes from confidential documents shared by the user. This transparency helps users assess the reliability and origin of the valuation figures. Every company in the database is tagged by sector with four levels of granularity, enabling users to distinguish between very different business models and valuation approaches that would otherwise be hidden at a broad sector level. This granularity makes it possible to differentiate commodity‑exposed upstream players, regulated asset‑heavy utilities, and asset‑light renewable platforms, each with specific EV/EBITDA drivers. The platform also tags each company by geography, enabling users to focus on specific countries or regions. mynth features a powerful search engine that lets you run highly refined queries by sector (with all four levels of industry depth), country, and company size, so you can quickly build custom peer groups, compare multiples, and export results directly to Excel.
What is mynth?
mynth is the first free M&A database dedicated to European Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.
How to use mynth for free?
Sign up for free and instantly receive 10 credits. Through our referral program, each person you invite earns you an additional 5 credits, meaning you can unlock at least 15 financial data points without spending a cent. Our search engine is built for speed and precision: filter transactions by company name, investment fund, sector, country, revenue range, enterprise value or date. A list system lets you group transactions into custom peer groups and export them directly to Excel. The credit model means you only spend on the deals you actually need : no subscription, no commitment.
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mynth is a community-driven database. Every transaction is contributed by M&A and Private Equity professionals who work on the deals themselves. This means our database contains off-market financial data that you will not find in any press release, news article, or traditional data provider. Closed deals, undisclosed valuations, real EBITDA multiples : data that only exists within the deal teams. Every single financial figure submitted is reviewed and validated by our in-house analysts before being published, ensuring the data you see is accurate, structured, and reliable.