Ares Management Corp (NYSE:ARES) has acquired a 20% stake in Plenitude for €2 billion, valuing the Italian integrated energy company at an enterprise value exceeding €12 billion, according to disclosures made Monday.

The deal underscores Ares' strategic expansion into energy infrastructure and renewable assets across Europe, marking one of its largest minority investments to date.

Why This Deal Matters

• Plenitude, a unit of Italy's Eni, spans electricity retail, electric mobility, and renewable power generation.

• The move supports Ares' ongoing efforts to diversify its investment portfolio into sustainable and cash-generative businesses.

Financial Insight

Get deeper valuation and peer comparison insights using the Enterprise Value API. This helps assess Ares Management's valuation in light of its expanding asset mix and leverage profile.