Enilive: KKR's Stake Increases to 30%
Deal News | Apr 11, 2025 | Finance Community IT - 3 Private Equity
KKR has finalized its acquisition of an additional 5% stake in Enilive, a subsidiary of Eni, for approximately 601 million euros. This transaction, first announced in February, raises KKR's total ownership in Enilive to 30%. The deal also established a post-money equity valuation for Enilive of 11.75 billion euros for its entire share capital. Eni's total proceeds from the sale, inclusive of a 500 million euro capital increase to bolster Enilive's growth plan, amounted to 3.6 billion euros. Mediobanca and JP Morgan served as financial advisors to Eni, with specific representatives including Claudia Fornaro and Stefano Cozzi from Mediobanca, and Francesco Cardinali from JP Morgan in Italy.
Sectors
- Private Equity
- Oil & Gas
- Financial Advisory
Geography
- Italy – Eni, Enilive, and JP Morgan's Italian operations are based here, highlighting the geographical focus of the transaction.
Industry
- Private Equity – This industry is relevant as KKR, a private equity firm, is involved in increasing its stake in Enilive.
- Oil & Gas – Enilive is a subsidiary of Eni, which is a prominent company in the oil and gas sector.
- Financial Advisory – Advisory firms like Mediobanca and JP Morgan were involved in advising the transaction.
Financials
- 601 million euros – The price paid by KKR to Eni for an additional 5% stake in Enilive.
- 11.75 billion euros – The post-money equity valuation for 100% of Enilive.
- 3.6 billion euros – Total earnings for Eni from the transaction, including a capital increase.
- 500 million euros – The capital increase to support Enilive's growth plan.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| KKR | Bidding Company | Company | A global investment firm that is increasing its stake in Enilive. |
| Eni | Selling Company (Vendor) | Company | An Italian multinational oil and gas company that sold a portion of its stake in Enilive. |
| Enilive | Target Company | Company | The company whose shares were acquired by KKR. |
| Mediobanca | Financial Advisor | Company | An investment bank that advised Eni in the transaction. |
| JP Morgan | Financial Advisor | Company | An international investment bank advising Eni on the transaction. |
| Claudia Fornaro | Advisor | Person | Part of the Mediobanca team advising on the transaction. |
| Stefano Cozzi | Advisor | Person | Part of the Mediobanca team advising on the transaction. |
| Francesco Cardinali | Advisor | Person | Guided JP Morgan's Italian team in advising the transaction. |