🏆 Deal of the Week · CW 11/2023
Amarenco raised EUR 300M in a Private Equity round; the valuation was not disclosed. The round was led by Arjun Infrastructure Partners. The transaction also enabled Amarenco to buy out a key joint-venture partner, consolidating its ownership structure.
Amarenco — key deal facts
| Company | Amarenco |
| Founded | 2013 |
| Headquarters | Cork, Ireland |
| Amount raised | EUR 300M |
| Valuation | Valuation Remains Undisclosed |
| Round | Private Equity |
| Investors | Arjun Infrastructure Partners (https://www.arjuninfrastructure.com/) |
| Sectors | Renewable Energy |
Who invested in Amarenco?
Arjun Infrastructure Partners, a specialist infrastructure equity investor, provided the EUR 300M in full. The participation of a dedicated infrastructure fund reflects the long-duration, yield-oriented capital typical of utility-scale renewable energy platforms. No additional co-investors have been disclosed.
What does Amarenco do?
Amarenco is an independent power producer founded in 2013 in Cork, Ireland, by Alain Desvigne and John Mullins. The company develops, builds, and operates photovoltaic solar projects across ground-mounted, rooftop, and agrisolar configurations, alongside battery energy storage systems. Its customers include communities, industrial offtakers, and commercial enterprises seeking low-carbon electricity. Frederic Maenhaut serves as Chief Executive Officer.
Amarenco valuation & multiples
No multiples analysis is available for this transaction, as the valuation was not disclosed. Comparable private-equity transactions in the European renewable energy sector are typically benchmarked on EV/Sales and EV/EBITDA ranges; visit the Venionaire DealMatrix renewable energy sector multiples pages for current reference ranges and peer-group data.
Frequently asked questions
How much did Amarenco raise in its Private Equity round?
Amarenco raised EUR 300M in a Private Equity round, announced in March 2023 (KW 11/2023).
What is Amarenco's valuation?
Amarenco's valuation was not disclosed in connection with this transaction.
Who invested in Amarenco?
Arjun Infrastructure Partners led and, as disclosed, solely funded the EUR 300M Private Equity round.
When was Amarenco founded and where is it based?
Amarenco was founded in 2013 and is headquartered in Cork, Ireland.
Source: original announcement — read the full report.