EIP Boosts Investment Stake in Plenitude to 10%
Deal News (Announced) | Mar 31, 2025 | Finance Community IT - 1 Corporate M&A
Energy Infrastructure Partners (EIP), a Swiss fund manager known for investing in megatrends reshaping the energy sector, has increased its stake in Plenitude, reaching a total of 10% ownership. The transaction, initially announced in November and now completed, involved a capital infusion of approximately €209 million, bringing EIP’s total investment to around €800 million when combined with a previous payment of €588 million scheduled for March 2024. The deal confirms an equity value of approximately €8 billion and an enterprise value of over €10 billion post-transaction. Mediobanca acted as the financial advisor for Eni, while Rothschild & Co advised EIP. EIP partner Tim Marahrens expressed confidence in Plenitude's unique business model, integrating renewable generation, retail energy solutions, and large-scale e-mobility, contributing to the ongoing energy transition.
Sectors
- Energy
- Financial Advisory
Geography
- Italy – Plenitude is a company based in Italy, and the advisors involved are operating from Italy, making it the primary geographic focus of this transaction.
- Switzerland – EIP, the fund manager increasing its stake in Plenitude, is a Swiss company.
Industry
- Energy – The transaction involves increasing investment in Plenitude, an energy company, by EIP, focusing on energy transition and renewable energy sources.
- Financial Advisory – Multiple financial advisory firms are involved in facilitating this transaction, including Mediobanca and Rothschild & Co, highlighting the financial advisory industry.
Financials
- €209 million – The capital increase amount made by EIP in Plenitude.
- €800 million – Total investment amount by EIP in Plenitude after including prior payment.
- €8 billion – Confirmed equity value of Plenitude post-transaction.
- €10 billion – Enterprise value of Plenitude after the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Energy Infrastructure Partners (EIP) | Bidding Company | Company | A Swiss fund manager investing in energy sector megatrends, increasing its stake in Plenitude. |
| Plenitude | Target Company | Company | An Italian energy company focusing on renewable energy, retail energy solutions, and large-scale e-mobility. |
| Mediobanca | Financial Advisor | Company | Financial advisor to Eni with a team led by Claudia Fornaro and Stefano Cozzi. |
| Rothschild & Co | Financial Advisor | Company | Advisors to EIP, with an experienced team handling M&A and Debt Advisory. |