Ares Management Invests €2 Billion for 20% Stake in Plenitude

November 5, 2025

Ares Management, via its Ares Alternative Credit funds and affiliated vehicles, acquired a 20% stake in Plenitude from Eni for €2 billion, valuing the renewable energy and energy solutions company at over €12 billion. The investment will strengthen Plenitude’s shareholder base and support the company’s growth in renewable generation, energy retailing and electrification services as it pursues a target of 10 GW of capacity by 2028.

Buyers
Ares Management, Ares Alternative Credit funds (Ares Management)
Targets
Plenitude
Sellers
Eni
Industry
Renewable Energy
Location
Lombardy, Italy
Transaction Type
Growth capital

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