American investment giant KKR & Co announced Thursday its plans to establish a new office in Milan, marking a significant expansion of the private equity firm’s operations in Italy following major deals in telecommunications and energy sectors.
The investment firm has made substantial commitments to Italian markets in recent years, including leading a consortium that acquired Telecom Italia’s fixed-line network infrastructure for €19 billion ($22 billion). Additionally, KKR secured a 30% ownership stake in Eni’s biofuel division Enilive, valued at approximately €3.6 billion.
According to the company’s announcement, the Milan location will oversee KKR’s comprehensive business operations throughout Italy, encompassing private equity investments, real assets management, credit services, insurance products, and private wealth management.
The office will operate under the leadership of Marco Fontana, who serves as a partner within KKR’s infrastructure division. Meanwhile, Nicolo Della Casa, a director from the private equity team, will oversee the firm’s private equity investment activities throughout Italy.
