Ardian agrees to buy majority stake in GreenYellow

Tikehau Capital, Bpifrance and Casino Group have reinvested alongside Ardian.

  • Tikehau Capital and Bpifrance invested €150 million in GreenYellow in 2018 to support its development
  • The Casino Group has been incubator and reference shareholder of GreenYellow since 2007
  • GreenYellow provides access to low-cost green energy and helps companies optimise their energy consumption

Ardian has today announced that it has agreed to buy the majority stake in Paris-based energy transition partner GreenYellow. Ardian has entered into an agreement with Tikehau Capital, Bpifrance and the Casino Group to acquire the stake. Tikehau and Bpifrance invested €150 million in GreenYellow in 2018 to support the development of the company.

The Casino Group has been incubator and reference shareholder since 2007 and will retain a minority stake. Tikehau Capital and Bpifrance will also reinvest. The deal values GreenYellow at €1.4 billion.

“We are certain that the decentralised energy production and energy efficiency solutions proposed by GreenYellow will play a key role in achieving the decarbonisation and energy sobriety objectives of companies and communities,” said Mathias Burghardt, member of the Ardian executive committee and head of Ardian infrastructure. “We are looking forward to supporting GreenYellow in its development prospects in France and internationally alongside its historical shareholders, namely the Casino Group, Tikehau Capital and Bpifrance, with whom we share the same ambitions.”

Paris-headquartered Ardian will use its expertise in the renewable energy sector to support GreenYellow’s development plan.

“GreenYellow was one of our first investments of our private equity strategy dedicated to the energy transition, launched in 2018, and which has invested €900 million in 10 leading European SMEs and ETIs in the sector since then,” said Emmanuel Laillier, head of private equity at Tikehau. “Thanks to the investments made, in four years GreenYellow has strengthened its position in its core markets. With its robust platform, we are confident that GreenYellow will continue its growth path.”

“Bpifrance is thrilled to continue to support the company in this new phase of development with Ardian,” said Charles-Henri Boyer, head of participations at Bpifrance. “Since our investment in 2018, the company has grown strongly and has succeeded in consolidating its position in the decentralised energy production and energy efficiency market, thanks to its cross-functional expertise and its capacity for innovation. Supporting GreenYellow, a leading player in renewable energies, is fully in line with our climate bank strategy.”

Bpifrance is the French sovereign fund. It looks to invest in start-ups, SMEs and mid-caps via direct investment and through funds of funds.