KKR, a leading global investment firm, has signed an agreement to acquire a 25% stake in Enilive, Eni’s dedicated mobility transformation company focused on biorefining, biomethane production, smart mobility solutions, and services for individuals on the move. The completion of the transaction is pending customary regulatory approvals.
As a frontrunner in the energy transition, Enilive is committed to offering progressively decarbonized services and products to support sustainable mobility. With its innovative technologies and global presence, Enilive is well-positioned to lead the shift toward cleaner energy solutions and to contribute to Eni’s ambition of achieving carbon neutrality by 2050.
Alberto Signori, Partner in KKR’s European Infrastructure team, expressed enthusiasm about the partnership, stating, “We are excited to strategically collaborate with Eni on this investment in Enilive, a crucial player in the energy transition. This aligns with our strategy to back transformative energy projects across Europe. With our extensive infrastructure platform and local expertise, we look forward to enhancing Enilive’s efforts in decarbonizing transportation and expanding its international footprint.”
Stefano Ballista, Enilive’s Chief Executive Officer, remarked, “We welcome KKR as a significant partner in Enilive. Their support will be invaluable in our growth trajectory and in our transition toward an increasingly decarbonized mobility offering.”
KKR has been actively investing in Italy across various asset classes since 2005, with a focus on fostering the country’s economic and social development. Recently, KKR completed the acquisition of Telecom Italia’s fixed-line network, integrating it into FiberCop to create Italy’s most extensive broadband network, reaching approximately 16 million households and accelerating the nation’s digital transition.
KKR is making this investment in Enilive through its Global Infrastructure Strategy, established in 2008. The firm has become one of the most prominent infrastructure investors globally, currently managing over $73 billion in infrastructure assets.
Deutsche Bank and Unicredit served as financial advisors to KKR for this transaction, while Kirkland & Ellis and Gianni & Origoni acted as legal counsel.
KKR is a leading global investment firm that provides alternative asset management, capital markets, and insurance solutions. The firm aims to deliver attractive investment returns through a disciplined approach, leveraging top talent, and fostering growth in its portfolio companies and communities. KKR sponsors investment funds focused on private equity, credit, and real assets, with strategic partners managing hedge funds. KKR’s insurance subsidiaries, under Global Atlantic Financial Group, offer retirement, life, and reinsurance products. For more information about KKR & Co. Inc. (NYSE: KKR), visit www.kkr.com. To learn more about Global Atlantic Financial Group, visit www.globalatlantic.com.
Enilive, part of Eni, specializes in biorefining, biomethane production, and smart mobility solutions, including Enjoy car sharing. With over 5,000 Enilive Stations across Europe, it offers a variety of products such as HVOlution biogenic fuel, bio-LPG, and biomethane. Enilive also provides services supporting mobility, including electric vehicle charging and food services through Eni Café and ALT Stazione del Gusto, in collaboration with Accademia Niko Romito. The company aims to deliver progressively decarbonized services and products, contributing to Eni’s goal of carbon neutrality by 2050. Enilive’s industrial assets include biorefineries in Venice and Gela, a joint venture in Louisiana, and ongoing projects in Italy, Malaysia, and South Korea, with plans to boost biorefining capacity to over 5 million tonnes per year by 2030.
