Eni Secures Exclusive Deal to Sell 20% of Plenitude
Deal News | May 15, 2025 | Finance Community IT - 3 Private Equity
Eni has entered into a temporary exclusivity agreement with Ares Alternative Credit Management for the sale of a 20% stake in its subsidiary, Plenitude. This transaction places Plenitude's equity value in the range of €9.8 to €10.2 billion, corresponding to an enterprise value exceeding €12 billion. Eni was advised by Mediobanca and Goldman Sachs on the deal, while Ares received assistance from UniCredit, Deutsche Bank, and L&B Partners.
Sectors
- Energy Sector
- Private Equity
- Financial Advisory
Geography
- Italy – Eni is an Italian multinational oil and gas company, and Plenitude is its Italian subsidiary.
- Global – Ares Alternative Credit Management, a global investment firm, is involved in the transaction, providing a wider international scope to the deal.
Industry
- Energy Sector – The transaction involves Plenitude, a subsidiary of Eni, which operates within the energy sector.
- Private Equity – The deal includes Ares Alternative Credit Management, a private equity firm involved in this investment transaction.
- Financial Advisory – The firms Mediobanca, Goldman Sachs, UniCredit, Deutsche Bank, and L&B Partners are involved in advising on the financial aspects of the deal.
Financials
- €9.8 to €10.2 billion – The equity value range for Plenitude as part of the exclusivity agreement.
- €12 billion – The stated enterprise value of Plenitude in the agreement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eni | Vendor/Selling Company | Company | Eni is an Italian multinational oil and gas company selling a stake in its subsidiary. |
| Plenitude | Target Company | Company | Plenitude is a subsidiary of Eni, involved in renewable energy and retail electricity. |
| Ares Alternative Credit Management | Bidding Company/Buyer | Company | A global alternative asset manager interested in acquiring a stake in Plenitude. |
| Mediobanca | Financial Advisor | Company | A financial advisory firm assisting Eni in the transaction. |
| Goldman Sachs | Financial Advisor | Company | An investment bank assisting Eni in the deal. |
| UniCredit | Financial Advisor | Company | A financial institution advising Ares Alternative Credit Management in this transaction. |
| Deutsche Bank | Financial Advisor | Company | A German investment bank advising Ares Alternative Credit Management. |
| L&B Partners | Financial Advisor | Company | A firm providing financial advisory services to Ares Alternative Credit Management. |