Ardian has entered into an agreement with Groupe Casino, Bpifrance and Tikehau Capital to acquire a majority stake in GreenYellow, a French specialist in decentralised energy. The transaction values the company at €1.4 billion.
Casino Group, Bpifrance and Tikehau Capital have reinvested alongside Ardian.
GreenYellow offers a complete range of services to help companies make the transition to greener and more efficient energy solutions. The company provides access to low-cost green energy and helps companies optimize their energy consumption.
Ardian has deep experience in the renewable energy sector, with more than 7.5 GW installed worldwide, as well as in new technologies such as battery storage and green hydrogen. It will use its expertise to provide GreenYellow and its management team with the necessary resources to support its ambitious development plan.
As part of the transaction, the Casino Group, incubator and reference shareholder of GreenYellow since 2007, will retain a minority stake and will remain a leading business partner for the company. Similarly, Bpifrance and Tikehau Capital, who invested €150 million in the business in 2018, will reinvest part of their proceeds in the company. Ardian’s and the historical shareholders’ plan also includes the participation of the management team and all employees in the capital.
The proposed transaction, which is subject to a consultation process with the relevant employee representative bodies, is expected to be completed in the fourth quarter of 2022, subject to regulatory approvals for merger control and foreign investments.