Wangneng Environment Co.,Ltd.
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Wangneng Environment Co.,Ltd. - overview
Established
1998
Location
Huzhou, Zhejiang, China
Primary Industry
Power & Utilities
About
Established in 1998 and based in Huzhou, China, Wangneng Environment Co. ,Ltd. operates as a waste-to-energy service provider that mainly engaged in the operation of waste incineration power generation projects. It has waste incineration power plants in Zhejiang, Guangdong, Hubei and other provinces.
The company has obtained 184 patents. In August 2004, Wangneng Environment Co. ,Ltd. was listed on the Shenzhen Stock Exchange.
In December 2017, Beijing Dinghan Investment Co. ,Ltd. and other companies acquired 39. 59 million shares in the company at CNY 37.
28 apiece for CNY 1. 47 billion, in a PIPE transaction. The company mainly provides waste incineration power generation business. It adopts BOT (Build–Operate–Transfer), BOO (Building-Owning-Operation) and PPP (Public-Private-Partnership) franchise models.
Wangneng Environment also provides food waste disposal business, sludge disposal business, and urban waste transfer service business. As of June 2024, the company has built 32 waste incineration power generation projects, operated 19 projects, and processed 22,000 tons of waste every day. The company generates revenue by providing waste incineration power generation business, food waste disposal business, sludge disposal business, and urban waste transfer service business.
Current Investors
Generali China Life Insurance, BeiXin Ruifeng Fund Management, Huatai Asset Management
Primary Industry
Power & Utilities
Sub Industries
Waste Management, Waste to Energy, Environmental Services
Website
www.wannaenergy.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Wangneng Environment Co.,Ltd. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Xintuo Environment | - | ||||||||
| Add-on | Completed | Xuchang Xinwang Energy | - | ||||||||
| Add-on | Announced | Nantong Huili Rubber Co.,Ltd. | - | ||||||||
| Add-on | Announced | Zhejiang Lixin New Material Technology Co., Ltd. | - | ||||||||
| Add-on | Completed | Xinli Ecology | - |
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