Ares Management Corp (NYSE:ARES) has secured a 20% stake in Plenitude for €2 billion, valuing the Italian integrated energy company at over €12 billion, as disclosed on Monday.

This acquisition highlights Ares’ strategic growth into energy infrastructure and renewable sectors within Europe, marking one of its largest minority stakes to date.

The Significance of This Acquisition

• Plenitude, a division of Italy’s Eni, operates in electricity retail, electric mobility, and renewable power generation.

• This move underscores Ares’ ongoing strategy to diversify its investment portfolio with sustainable, cash-generating assets.

Financial Insights for Investors

For more in-depth valuation and peer comparisons, visit Entreprenerdly.com. This resource allows you to evaluate Ares Management’s valuation concerning its growing asset portfolio and leverage profile.