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KKR to open Milan office as U.S. private equity giant deepens Italy push - Finance news and analysis from Global Banking & Finance Review
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KKR to open Milan office as U.S. private equity giant deepens Italy push

Published by Global Banking & Finance Review

Posted on May 28, 2026

1 min read

· Last updated: May 28, 2026

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KKR Opens Milan Office as U.S. Private Equity Firm Expands in Italy

KKR's Expansion Strategy and Recent Investments in Italy

New Milan Office Announcement

ROME, May 28 (Reuters) - 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.

Key Investments in Telecoms and Energy

Telecom Italia Acquisition

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.

Enilive Biofuel Unit Stake

The new office will cover KKR's activities across private equity, real assets, credit and insurance, as well as its private wealth business in Italy, the firm said in a statement.

Leadership of the Milan Office

Marco Fontana's Role

It will be led by Marco Fontana, a partner in KKR's infrastructure team. Nicolo Della Casa, a director in the private equity team, will lead the firm's private equity activities in Italy.

Currency Exchange Rate

($1 = 0.8616 euros)

(Writing by Alvise Armellini, editing by Giulia Segreti)

Key Takeaways

  • KKR expands local footprint in Italy with Milan office to support multi‑asset operations including wealth and real assets.
  • Recent major investments in Italy include a €19 billion acquisition of Telecom Italia’s fixed-line network and a €3.6 billion deal for a 30% stake in Eni’s biofuels unit Enilive.
  • KKR has steadily increased its Italian involvement—Milan office aligns with prior talks and reflects ‘radically local’ strategy in EMEA.

Frequently Asked Questions

Why is KKR opening an office in Milan?
KKR is opening a Milan office to expand its presence in Italy after significant investments in sectors like telecoms and energy.
What major investments has KKR made in Italy recently?
KKR led the €19 billion acquisition of Telecom Italia's fixed-line network and acquired a 30% stake in Eni's biofuel unit Enilive for €3.6 billion.
Who will lead KKR’s Milan office?
Marco Fontana, a partner in KKR's infrastructure team, will lead the Milan office.
What business activities will the Milan office cover?
The Milan office will cover private equity, real assets, credit, insurance, and KKR’s private wealth business in Italy.
Who oversees KKR's private equity activities in Italy?
Nicolo Della Casa, a director in the private equity team, will lead KKR's private equity activities in Italy.

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