Latham Advises Ares Alternative Credit on US$2 Billion Partnership With Eni
Ares Alternative Credit committed over $2 billion to Eni for a long-term partnership on upstream infrastructure, advised by Latham & Watkins. The deal aims to boost Eni's cash generation and growth. Ares focuses on asset-based finance beyond traditional markets.
How this was made
The 30-second read
Why it matters
The deal provides ENI with significant capital to accelerate cash generation, while Ares gains exposure to upstream assets.
Market read
The $2 billion partnership is a material financing event for ENI, likely influencing its stock and the broader energy financing landscape.
What to watch
Potential regulatory scrutiny in Europe and the terms of the credit facility are not disclosed.
Background
Latham & Watkins acted as legal counsel for the partnership between Ares Alternative Credit and ENI.
Market effects
Upstream oil & gas sector may see increased interest in similar credit partnerships.
European energy markets could benefit from additional financing for infrastructure.
Large‑scale energy financing deals are watched globally, but impact is limited to ENI.
Counterpoint
The partnership may dilute ENI's control over assets and increase debt exposure.
Key entities
- Law FirmLatham & Watkins
Legal advisor to Ares Alternative Credit on the partnership.
- Asset ManagerAres Alternative Credit
Commitment of over $2 billion to ENI.
- Energy CompanyENI
Recipient of the partnership capital.