KKR Expands Stake in Enilive with Additional 5% Acquisition
Deal News | Feb 19, 2025 | Legal Community Italy
KKR, a leading global investment firm, has acquired an additional 5% stake in Enilive from Eni, bringing its total share to 30%. The transaction, valued at €587.5 million, was guided by top-tier law firms Kirkland & Ellis and Gianni & Origoni (Gop) for KKR, while Eni was represented by PedersoliGattai. This investment was made through KKR's Global Infrastructure Strategy, highlighting its continued commitment to strategic investments in Italy. Kirkland & Ellis provided comprehensive legal counsel across corporate, debt finance, and regulatory aspects, involving partners and associates across various disciplines. Similarly, Gop handled the antitrust and Golden Power profiles, ensuring regulatory compliance. This acquisition aligns with KKR's strategic goals in the infrastructure domain, further strengthening its presence in the Italian market.
Sectors
- Private Equity & Venture Capital
- Energy & Infrastructure
- Legal Services
Geography
- Italy – The article focuses on an Italian company, Enilive, and the strategic investments by KKR in the Italian market.
Industry
- Private Equity & Venture Capital – The article discusses KKR's acquisition and investment strategies, indicating its role as a private equity player in the market.
- Energy & Infrastructure – Enilive, the target of KKR's investment, is in the energy sector, and the acquisition aligns with KKR's infrastructure strategy.
- Legal Services – The involvement of law firms Kirkland & Ellis, Gianni & Origoni, and PedersoliGattai highlights the legal services sector's role in M&A transactions.
Financials
- €587.5 million – The total value of the transaction for the additional 5% stake in Enilive.
- 30% – KKR's total shareholding in Enilive post-transaction.
- 77 billion USD – The amount KKR currently manages in infrastructure assets globally under its Global Infrastructure Strategy.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| KKR | Acquirer | Company | A global investment firm acquiring an additional stake in Enilive. |
| Enilive | Target Company | Company | An Italian company in which KKR has increased its stake. |
| Eni | Vendor | Company | The company from which KKR acquired an additional stake in Enilive. |
| Kirkland & Ellis | Legal Advisor | Company | Provided legal advice to KKR for the acquisition. |
| Gianni & Origoni (Gop) | Legal Advisor | Company | Assisted KKR with antitrust and legal complications for the acquisition. |
| PedersoliGattai | Legal Advisor | Company | Provided legal services to Eni for the transaction. |