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KKR Invests in Enilive to Accelerate Sustainable Mobility and the Energy Transition

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KKR has signed an agreement to acquire a 25% stake in Enilive, Eni's mobility transformation company focused on biorefining, biomethane production, and smart mobility solutions. Enilive aims to provide progressively decarbonized services and products, supporting sustainable mobility transformation and contributing to Eni's carbon neutrality goal by 2050. The investment will be made through KKR's Global Infrastructure Strategy, which manages over $73 billion in infrastructure assets. The transaction's closing is subject to regulatory approvals.

KKR ha firmato un accordo per acquisire una partecipazione del 25% in Enilive, la società di trasformazione della mobilità di Eni, focalizzata sulla bioraffinazione, produzione di biometano e soluzioni di mobilità intelligente. Enilive ha l'obiettivo di fornire servizi e prodotti progressivamente decarbonizzati, sostenendo la trasformazione della mobilità sostenibile e contribuendo all'obiettivo di neutralità carbonica di Eni entro il 2050. L'investimento sarà effettuato attraverso la Strategia Globale per le Infrastrutture di KKR, che gestisce oltre 73 miliardi di dollari in asset infrastrutturali. La chiusura della transazione è soggetta ad approvazioni regolatorie.

KKR ha firmado un acuerdo para adquirir un 25% de participación en Enilive, la empresa de transformación de movilidad de Eni, enfocada en la biorrefinación, producción de biometano y soluciones de movilidad inteligente. Enilive busca proporcionar servicios y productos progresivamente descarbonizados, apoyando la transformación hacia una movilidad sostenible y contribuyendo al objetivo de neutralidad de carbono de Eni para 2050. La inversión se realizará a través de la Estrategia Global de Infraestructura de KKR, que gestiona más de 73 mil millones de dólares en activos de infraestructura. El cierre de la transacción está sujeto a aprobaciones regulatorias.

KKREnilive25% 지분을 인수하기 위한 계약을 체결했습니다. Enilive는 바이오리파이닝, 바이오메탄 생산 및 스마트 모빌리티 솔루션에 초점을 맞춘 Eni의 모빌리티 혁신 회사입니다. Enilive는 지속 가능한 모빌리티 혁신을 지원하고 2050년까지 Eni의 탄소 중립 목표에 기여하기 위해 점진적으로 탈탄소화된 서비스와 제품을 제공하는 것을 목표로 하고 있습니다. 이 투자는 KKR의 글로벌 인프라 전략을 통해 이루어질 것이며, 이 전략은 730억 달러 이상의 인프라 자산을 관리하고 있습니다. 거래 종결은 규제 승인에 따라 달라집니다.

KKR a signé un accord pour acquérir une participation de 25% dans Enilive, l'entreprise de transformation de mobilité d'Eni, axée sur la bioraffinage, la production de biométhane et les solutions de mobilité intelligente. Enilive vise à fournir des services et des produits progressivement décarbonés, soutenant la transformation vers une mobilité durable et contribuant à l'objectif de neutralité carbone d'Eni d'ici 2050. L'investissement sera réalisé par le biais de la stratégie mondiale d'infrastructure de KKR, qui gère plus de 73 milliards de dollars d'actifs d'infrastructure. La clôture de la transaction est soumise à des approbations réglementaires.

KKR hat eine Vereinbarung zur Übernahme eines 25%-Anteils an Enilive unterzeichnet, dem Mobilitätsunternehmen von Eni, das sich auf Bioraffinierung, Biogasproduktion und intelligente Mobilitätslösungen konzentriert. Enilive hat das Ziel, zunehmend dekarbonisierte Dienste und Produkte anzubieten, die den Wandel zur nachhaltigen Mobilität unterstützen und zur Kohlenstoffneutralitätsstrategie von Eni bis 2050 beitragen. Die Investition erfolgt über die globale Infrastrukturstrategie von KKR, die über 73 Milliarden US-Dollar an Infrastrukturvermögen verwaltet. Der Abschluss der Transaktion unterliegt regulatorischen Genehmigungen.

Positive
  • Strategic acquisition of 25% stake in a sustainable mobility company
  • Access to Enilive's cutting-edge technologies in clean energy solutions
  • Expansion into growing sustainable transportation market
  • Partnership with established energy company Eni
Negative
  • None.

Insights

The strategic acquisition of a 25% stake in Enilive marks a significant expansion of KKR's infrastructure portfolio. This investment aligns with the growing trend of private equity firms diversifying into sustainable energy infrastructure. Enilive's biorefining and biomethane capabilities provide KKR exposure to the rapidly expanding clean energy market, particularly in Europe where regulatory support for sustainable mobility solutions is strong.

The deal complements KKR's recent $23 billion Telecom Italia network acquisition, demonstrating the firm's commitment to Italian infrastructure. With over $73 billion in infrastructure assets under management, this investment strengthens KKR's position in the energy transition sector while providing Enilive with capital and expertise for international expansion.

The sustainable mobility market presents substantial growth opportunities, driven by EU's aggressive decarbonization targets and increasing consumer demand for green transportation solutions. Enilive's integrated approach combining biorefining, biomethane production and smart mobility services positions it uniquely in this expanding market. The partnership with KKR will likely accelerate Enilive's market penetration and technological advancement.

This transaction reflects broader market trends where institutional investors are increasingly targeting companies at the intersection of infrastructure and sustainability. The deal structure, maintaining Eni's controlling stake while bringing in KKR's expertise, optimizes both operational continuity and growth potential.

LONDON & MILAN--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the signing of an agreement under which KKR will acquire a 25% stake in Enilive, Eni’s mobility transformation company dedicated to biorefining, biomethane production, smart mobility solutions, and providing services to support people on the move. Closing of the transaction is subject to customary regulatory approvals.

As a leader in the energy transition, Enilive aims to provide progressively decarbonized services and products in support of a sustainability-driven mobility transformation. The company’s cutting-edge technologies and global reach position it at the forefront of the transition to cleaner energy solutions and contribute to Eni’s goal of achieving carbon neutrality by 2050.

Alberto Signori, Partner in KKR's European Infrastructure team, said: “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. 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.”

Enilive’s Chief Executive Officer, Stefano Ballista, commented: “We are pleased with the entry of a significant partner like KKR into Enilive, who will ensure a strong support to our relevant growth path and in the transition towards an increasingly decarbonized offering for sustainable mobility.”

KKR has been consistently investing in Italy across asset classes since 2005, with a commitment to supporting the country’s economic and social development. Most recently, KKR announced the closing of its acquisition of Telecom Italia’s fixed-line network and incorporation into FiberCop, creating the most extensive Italian broadband network serving around 16 million households and helping to fast-track the digital transition in Italy.

KKR is making the investment in Enilive through its Global Infrastructure Strategy. The firm first established its Global Infrastructure Strategy in 2008 and has since been one of the most active infrastructure investors around the world, currently managing over $73 billion in infrastructure assets.

Financial advisors for KKR on this transaction were Deutsche Bank and Unicredit, with Kirkland & Ellis and Gianni & Origoni serving as legal counsel.

About KKR:

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Enilive:

Enilive is Eni's company dedicated to biorefining, biomethane production, smart mobility solutions including Enjoy car sharing, and the distribution of all energy carriers for mobility, through its more than 5,000 Enilive Stations in Europe, where there is a wide range of products including HVOlution biogenic fuel (100% Hydrogenated Vegetable Oil), bio-LPG and biomethane. And where several services are also available to support people on the move, including electric recharging and food services such as Eni Café (the largest cafe chain in Italy) and ALT Stazione del Gusto, a new project in partnership with Accademia Niko Romito. Enilive aims to provide progressively decarbonized services and products for the energy transition, contributing to Eni's goal of achieving carbon neutrality by 2050 also through industrial assets that include the Venice and Gela biorefineries, in Italy; the St. Bernard Renewables LLC (50% joint venture with PBF Energy) in Louisiana (United States of America); numerous biogas plants being converted to biomethane production in Italy, as well as new projects: in Livorno, where the third Enilive biorefinery in Italy is under construction, in Malaysia and in South Korea. Enilive plans to increase its biorefining capacity to over 5 million tonnes/year by 2030.

KKR

Italy

Tancredi Group

Giovanni Sanfelice Di Monteforte

giovanni@tancredigroup.com

+447775858152



Cristiano Signorini

cristiano@tancredigroup.com

+447950413690



International

FGS Global

Alastair Elwen/ Jack Shelley

KKR-Lon@FGSGlobal.com

+44 20 7251 3801/ +44 7917 886 576



Enilive

ufficio.stampa@eni.com

Source: KKR

FAQ

What percentage stake is KKR acquiring in Enilive?

KKR is acquiring a 25% stake in Enilive.

What is the value of KKR's Global Infrastructure Strategy assets under management?

KKR's Global Infrastructure Strategy currently manages over $73 billion in infrastructure assets.

What is Enilive's main business focus?

Enilive focuses on biorefining, biomethane production, smart mobility solutions, and providing services to support sustainable mobility transformation.

When does Eni aim to achieve carbon neutrality?

Eni aims to achieve carbon neutrality by 2050.

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