Key Moments
- KKR & Co plans to open a Milan office as it expands its Italian operations following major telecom and energy investments.
- A KKR-led consortium acquired Telecom Italia’s fixed-line network for €19 billion ($22 billion) over the past two years.
- The Milan office will oversee private equity, real assets, credit, insurance, and private wealth activities in Italy under dedicated local leadership.
New Milan Base to Support Growing Italian Strategy
KKR & Co said on Thursday it would open an office in Milan as the U.S. private equity firm looks to expand its presence in Italy after significant investments in the telecoms and energy sectors.
Over the past two years, a KKR-led consortium bought Telecom Italia’s fixed-line network for €19 billion ($22 billion), while KKR took a 30% stake in Eni’s biofuel unit Enilive for around €3.6 billion.
Scope of Operations in Italy
The firm stated that the new Milan office will oversee its Italian activities across multiple strategies, including private equity, real assets, credit and insurance. The office will also support KKR’s private wealth business in the country.
| Investment / Activity | Sector | Details |
|---|---|---|
| Telecom Italia fixed-line network | Telecommunications | KKR-led consortium acquisition valued at €19 billion ($22 billion) over the past two years |
| Enilive (biofuel unit of Eni) | Energy / Biofuels | KKR acquired a 30% stake for around €3.6 billion |
Leadership for the Milan Office
According to the statement, the Milan office will be headed by Marco Fontana, a partner in KKR’s infrastructure team. In addition, Nicolo Della Casa, a director in the private equity team, will oversee the firm’s private equity activities in Italy.
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