KKR Acquires Stake in Enilive to Boost Sustainable Mobility and Energy Transition

KKR, a global investment firm, has signed an agreement to acquire a 25% stake in Enilive, Eni’s mobility transformation company. Enilive focuses on biorefining, biomethane production, smart mobility solutions, and providing services to support people on the move. The closing of this transaction is subject to customary regulatory approvals, showcasing KKR Sustainability mobility efforts.

Enilive’s Role in the Energy Transition

Enilive aims to deliver progressively decarbonized services and products as a leader in the energy transition. The company leverages cutting-edge technologies and a global reach. This allows the firm to position itself at the forefront of the transition to cleaner energy solutions. This aligns with Eni’s overarching goal of achieving carbon neutrality by 2050, further emphasizing KKR Sustainability mobility.

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KKR’s Strategic Investment

Alberto Signori, Partner in KKR’s European Infrastructure team, expressed enthusiasm for the partnership, stating, “We are thrilled to strategically partner with Eni on this investment in Enilive, a key player in advancing the energy transition. This aligns with our strategy to support transformative energy projects across Europe and ensures KKR Sustainability mobility goals are achieved."

He added, "With our global infrastructure platform and local expertise, we’re excited to help Enilive scale its impact in decarbonizing transportation and expand internationally. We look forward to contributing to its continued growth and success in line with KKR Sustainability mobility objectives.”

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KKR’s Commitment to Italy

KKR has been actively investing in Italy across various asset classes since 2005. It is committed to supporting the country’s economic and social development. KKR Sustainability mobility, in particular, aims to revolutionize the sector.

Recently, the company acquired Telecom Italia’s fixed-line network, integrating it into FiberCop.

This move aims to create the most extensive Italian broadband network. The network plans to serve around 16 million households and accelerating the digital transition in Italy.

KKR is making this investment in Enilive through its Global Infrastructure Strategy, which it first established in 2008. The firm has since become one of the most active infrastructure investors globally, and currently manages over $73 billion in infrastructure assets.

Financial advisors for KKR on this transaction included Deutsche Bank and Unicredit, with legal counsel provided by Kirkland & Ellis and Gianni & Origoni.