LONDON & MILAN--(BUSINESS WIRE)--Ares Management Corporation ("Ares†) (NYSE: ARES), a leading global alternative investment manager, announced today that Ares Alternative Credit funds ("Ares Alternative Credit†) and other affiliated Ares funds have completed the acquisition of a 20% stake in Plenitude, a leader in energy transition controlled by Eni, for €2 billion at an implied enterprise value of over €12 billion. "This closing underscores the Ares platform's ability to deliver flexible capit. ...