KKR announced that the firm has signed an agreement to acquire an additional 5% stake in Enilive from Eni for a consideration of €587.5 million, taking the total holding in Enilive to 30%.
Enilive is Eni’s mobility transformation company, which is dedicated to biorefining, biomethane production, smart mobility solutions, and providing services to support people on the move. This additional investment follows KKR’s initial acquisition of a 25% stake in Enilive, announced in October 2024. It shows KKR’s commitment to the business and its growth potential as a leader in the energy transition, providing progressively decarbonized services and products in support of sustainability-driven mobility.
KKR has consistently invested in Italy across asset classes since 2005 and is committed to supporting the country’s economic and social development. And in July 2024, KKR announced the closing of its acquisition of Telecom Italia’s fixed-line network and incorporation into FiberCop, creating the most extensive Italian broadband network serving around 16 million households and helping to fast-track the digital transition in Italy.
KKR’s investment in Enilive has been made through the Global Infrastructure Strategy. And the firm first established its Global Infrastructure Strategy in 2008 and has since been one of the most active infrastructure investors worldwide, currently managing over $77 billion in infrastructure assets.
KEY QUOTE:
“Having first signed our investment in Enilive in October last year, this transaction reiterates our confidence in the business’ ability to provide innovative and effective emission-reducing technology solutions, in line with our strategy to support transformative energy projects across Europe. We’re excited to continue working alongside Eni to further establish Enilive as a market leader.”
- Marco Fontana, Managing Director in KKR’s European Infrastructure team
