A takeover of Inter has moved a step closer to coming to fruition as BC Partners reached an exclusivity agreement with current owners Suning, according to Italian media reports.
According to La Gazzetta dello Sport, London-based private equity fund BC Partners have been granted exclusive access to Inter’s financial accounts as they enter a period of due diligence ahead of an approach to buy the club.
It is believed that this process is likely to run into early February, as BC Partners audit Inter’s accounts and continue negotiations for the sale of the club, with their valuation of €750 million, including taking on the club’s debts, falling short of Suning’s €900m demands.
Elsewhere, Swedish fund EQT and US-based Arctos Sports Partner are also in the frame for potential takeovers should BC Partners fail to reach an agreement according to the Financial Times, in addition to Singaporean sovereign fund Ares Management Corporation and Temasek Holdings.
Suning have enjoyed a majority share in Inter since striking a deal with former presidents Massimo Moratti and Erick Thohir in 2016.
