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.

Targets
Plenitude
Sellers
Eni
Industry
Renewable Energy
Location
Lombardy, Italy
Transaction Type
Growth capital

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