Coriance
Coriance, a French district heating company.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | N/A Valuation: €1.6b 16.1x EV/Revenue 30969.3x EV/EBITDA | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (24 %) | 2 % | 8 % | 14 % | (11 %) | 4 % | 45 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (4 %) | (7 %) | (4 %) | (6 %) | (10 %) | (15 %) | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 5 % | (2 %) | (1 %) | (4 %) | (8 %) | (12 %) | 13 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Coriance operates as a specialized French company in the management of urban heating and cooling networks. The firm was established in 1998 and primarily focuses on public service delegations, serving municipalities and industries by providing sustainable energy solutions. Its core business involves the operation of heat production facilities that utilize renewable and recovered energies, such as biomass, geothermal energy, and waste-to-energy recovery. This strategic emphasis on local energy sources allows Coriance to offer its clients a more stable and competitive energy price, largely disconnected from the volatility of fossil fuel markets.
The company's service portfolio encompasses the entire value chain, from the design and construction of new networks to the operation and maintenance of existing ones. Coriance manages a significant number of heating and cooling networks across France. A key aspect of its business model is the long-term partnership with local authorities, often spanning several decades, which ensures a consistent revenue stream. The primary clients are public entities (municipalities, local authorities) and industrial players seeking to decarbonize their energy consumption. By converting existing networks from fossil fuels to renewable sources, Coriance plays a direct role in the energy transition of the territories it serves.
Significant developments in the company's history include its acquisition by Igneo Infrastructure Partners, an independent global infrastructure investment manager, which has supported its growth and investment in decarbonization projects. Previously, Coriance was a subsidiary of KKR and then Aquila Capital. This ownership history highlights the company's position as a valuable asset in the infrastructure investment landscape. Under the leadership of its President, Yves Lederer, Coriance continues to expand its network and increase the share of renewable energy in its mix, contributing to France's national energy objectives.
Keywords: district heating, renewable energy, energy services, public service delegation, biomass, geothermal, energy transition, decarbonization, infrastructure management, cooling networks