Twitter LinkedIn
    Friday, February 3
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals»Inter Milan close to €275m bailout by private equity firm Oaktree
    Deals

    Inter Milan close to €275m bailout by private equity firm Oaktree

    May 19, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Inter Milan is said to be closing in on a €275m (£237m) bailout by US private equity firm Oaktree Capital to shore up its finances following the collapse of the European Super League. As part of the deal, Oaktree would take a 30 per cent stake in the Italian football team and provide a much-needed loan, Bloomberg reported.

    The stake would be bought from Hong Kong-based private equity group Lionrock Capital, which also backs shoe brand Clarks and taxi app Hailo. The move could lead to Oaktree taking full control of Inter from its Chinese owner Suning Holdings Group, according to the report. An announcement is expected as soon as today, with Lionrock’s Tom Pitts resigning from the team’s board.

    The bailout would come as Inter scrambles to balance its books following a turbulent period for its finances. Some of the team’s Chinese sponsorship deals dried up at the end of last year, putting pressure on the board to secure more funding.

    Read more/Source: City A.M.

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital Investments PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    EQT Infrastructure acquires Madison Energy Investments

    December 22, 2022

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Recent Rule Changes Spark New Wave of Private Equity Ownership in Pro Sports

    November 29, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    Comments are closed.

    Other Articles

    TA Associates to acquires Unit4 in a deal valued at USD2bn

    March 22, 2021

    Five Aim stocks with plenty of potential for 2021

    December 29, 2020

    Cloud protection firm OwnBackup nears $3.35 billion valuation

    August 10, 2021

    Dechert appoints PE partner in Germany

    May 27, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?