Private equity firm BC Partners is in talks to buy into Italian soccer team Inter Milan, four sources familiar with the matter said, as top investor Suning looks for resources to inject into the loss-making Lega Serie A club.
A deal, which could value the former European champions at more than 1 billion euros ($1.2 billion), would be the latest sign of interest from private equity investors in Italian soccer. A consortium including CVC Capital Partners, Advent International, and state-backed Italian fund FSI is buying a 10% stake in a media company handling Serie A’s soccer rights for 1.7 billion euros.
Like other soccer clubs around the world, Inter is facing a drop in revenues due to the novel coronavirus pandemic, as matches are played in empty stadiums and companies cut their sponsorship budgets.
The American private equity investor, Silver Lake, which part-owns Manchester City Football Club is in advanced talks to buy a stake in the New Zealand Rugby All Blacks, one of the most iconic names in global sport.
Insiders said the transaction if confirmed, could involve the purchase of a 15% stake at a roughly $2bn (£1.5bn) valuation.
CVC Capital Partners, the private equity firm which made a fortune from investing in Formula 1 motor racing, is attempting to finalize a deal to buy a substantial stake in the Six Nations Rugby to add to its backing of Premiership Rugby.
Arctos Sports Partners, a private equity firm co-led by former Madison Square Garden Sports Corp. CEO Doc O’Connor, is seeking permission to build a portfolio of minority stakes in National Basketball Association (NBA) teams, according to people familiar with the matter.
Arctos is looking to become just the second institutional investor granted permission by the league to make those investments, the people said. Earlier this year, the NBA approved Dyal Capital Partners, a unit of Neuberger Berman, as its first partner in the endeavor.
Arctos is one of a new class of private equity investors looking to acquire minority stakes in teams across the globe. In November the company reached $950 million in assets under management