Coriance SAS
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Coriance SAS - overview
Established
1998
Location
-, -, France
Primary Industry
Power & Utilities
About
Coriance SAS is a French company specializing in the development, construction, and operation of sustainable urban heating and cooling networks, utilizing renewable energy sources for enhanced energy efficiency and environmental performance. Coriance SAS, founded in 1998, is engaged in the development and operation of energy networks, primarily in France. The company was established by Philippe Nowicki, who has a history of founding energy-related ventures. Located in France, Coriance has successfully completed 2 deals, with its most recent deal occurring on June 10, 2020.
Coriance specializes in developing, constructing, and operating urban heating and cooling networks powered by renewable energy sources like geothermal, biomass, and energy recovery. The company provides tailored energy solutions to local authorities and industrial clients, ensuring efficient energy distribution while minimizing carbon emissions. With over 25 years of experience, Coriance has built a reputation for delivering diverse renewable energy solutions, serving approximately 600,000 tons of avoided CO₂ emissions annually through its infrastructure of 46 heat and cooling networks spanning 557 kilometers. In the most recent financial year, Coriance generated a revenue of USD 104.
52 mn, with an EBITDA of USD -22. 76 mn. The company's revenue primarily stems from long-term contracts with local governments and industrial clients, involving structured pricing models based on energy consumption, which supports stable and predictable revenue streams. Coriance aims to enhance its market presence by expanding its urban heating and cooling networks into new geographical regions by 2025.
The company is also working on launching innovative energy solutions designed to meet evolving client needs. Funds from the most recent deal will be strategically utilized to support these expansions and product developments.
Current Investors
Private Equity Sponsor Not Disclosed, First State Investments
Primary Industry
Power & Utilities
Sub Industries
Power Generation Equipment & Services, Renewable Energy, Geothermal, Heating, Cooling & Ventilation Equipment and Services
Website
www.groupe-coriance.fr
Verticals
Clean Technology
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Coriance SAS - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 59,778,063 | 60,705,622 | 65,742,107 | 74,665,101 | 66,382,629 | 68,907,180 | - | - | - |
| % Revenue Growth (YoY) | - | 1.6% | 8.3% | 13.6% | (11.1%) | 3.8% | - | - | - |
| EBITDA (USD) | (2,616,481) | (4,519,403) | (2,748,548) | (4,774,934) | (6,489,347) | (10,623,541) | - | - | - |
| Operating Income (USD) | (3,390,050) | (5,508,618) | (3,693,028) | (5,768,940) | (7,732,177) | (12,056,773) | - | - | - |
| Operating Margin | (5.7%) | (9.1%) | (5.6%) | (7.7%) | (11.6%) | (17.5%) | - | - | - |
| % EBITDA Margin | (4.4%) | (7.4%) | (4.2%) | (6.4%) | (9.8%) | (15.4%) | - | - | - |
| NET Income (USD) | 2,953,451 | (1,209,670) | (971,506) | (3,114,002) | (5,335,434) | (8,172,512) | - | - | - |
| % Net Margin | 4.9% | (2.0%) | (1.5%) | (4.2%) | (8.0%) | (11.9%) | - | - | - |
Coriance SAS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | Coriance SAS | - | ||||||||
| Buyout | Completed | Coriance SAS | - |
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Coriance SAS - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| independent director | BM |
BM Board Member
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