KKR Boosts Enilive Ownership To 30% With ~$614 Million Investment: Details

KKR & Co. Inc. KKR reached a deal with ENI S.p.A. E to expand its ownership in Enilive by acquiring an additional 5% stake valued at 587.5 million euros (~$614.4 million).

The transaction will bring KKR’s total stake in Enilive to 30% and the investment aims to enhance Eni’s capital structure while ensuring Eni retains control and consolidation of Enilive.

This latest purchase is based on the same post-money valuation of 11.75 billion euros in equity value for 100% of Enilive’s share capital. The deal is expected to close next month. 

Francesco Gattei, Chief Transition & Financial Officer of Eni, said, “KKR’s additional investment confirms the attractiveness of Enilive to the market. Enilive is a solid and growing company, with an important financial partner, and it will play a crucial role in reducing emissions generated by the end use of our products, which is a key aspect of our path to Net zero by 2050.”

The transaction price values Enilive’s total equity at 11.75 billion euros post-transaction.

The transaction aligns with the agreement signed last October 2024, in which KKR agreed to acquire a 25% stake in Enilive for 2.938 billion euros.

Related Read: Italy’s Eni Nears Deal To Sell Enilive Stake To KKR: Details

Apart from this, KKR disclosed definitive agreements to acquire a stake in Employment Hero from SEEK Investments for an undisclosed amount.

Investors can gain exposure to KKR via FM Focus Equity ETF FMCX and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF LBO.

Price Action: KKR shares are trading higher by 0.93% at $141.87 premarket at the last check Tuesday.

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