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Eni's Renewable Arm Plenitude Attracts Investment Interest From Ares
ZACKS· 2025-05-16 18:21
Group 1 - Eni S.p.A is exploring the sale of a 20% stake in its renewable and retail business Plenitude, engaging in exclusive discussions with Ares Alternative Credit Management [1][2] - The equity value of Plenitude is estimated between 9.8 billion and 10.2 billion euros, with potential to exceed 12 billion euros when considering debt [2] - The sale aligns with Eni's satellite strategy, aimed at developing low-carbon businesses and attracting external investments [3][5] Group 2 - Eni's strategy includes selling small stakes in its business units to support capital expenditures for low-carbon initiatives while retaining investment capacity in upstream projects [3][4] - The interest from Ares highlights the attractiveness of Eni's business model and its growth prospects [4] - Eni has previously executed similar transactions, including a stake sale in Plenitude to Energy Infrastructure Partners and a 30% interest in its biofuel unit Enilive to KKR [5]
Northern Horizon Capital AS 2024 Annual Report
Globenewswire· 2025-04-24 12:40
Group 1 - The general meeting of shareholders of Northern Horizon Capital AS approved the audited annual report for the year 2024 [1] - The report, along with the independent auditors' report, is accessible on the Baltic Horizon Fund webpage [1] Group 2 - Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Northern Horizon Capital AS, which holds an Alternative Investment Fund Manager license [2] - Additional information regarding the fund can be obtained by contacting the fund manager, Tarmo Karotam, via email [2] - The fund encourages stakeholders to register on its website for announcements and news related to its projects and plans [2]
Waterfall Asset Management Appoints Keerthi Raghavan as Co-Chief Investment Officer
Prnewswire· 2025-03-27 14:59
Core Viewpoint - Waterfall Asset Management has appointed Keerthi Raghavan as Co-Chief Investment Officer, enhancing its leadership team to oversee investment activities [1][2] Company Overview - Waterfall Asset Management is an alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, and real assets [4] - The firm was founded in 2005 and employs a relative value approach for sourcing and investing across 60+ sectors in the asset-based finance arena [4] - As of December 31, 2024, Waterfall managed approximately $12.5 billion in assets [4] Leadership Changes - Keerthi Raghavan, who joined Waterfall in 2014, has been promoted to Co-CIO alongside Brian Rebello [1][2] - Patrick Lo, the current Co-CIO, is resigning after 19 years with the firm, and his contributions have been acknowledged by the firm's founders [2] - Keerthi Raghavan has over 16 years of industry experience and previously held a director position at Barclays Capital [2] Key Personnel - Brian Rebello, the other Co-CIO, has over 25 years of industry experience and joined Waterfall in 2010 [3] - Both Co-CIOs hold advanced degrees and have significant backgrounds in finance and investment management [3]