LionRock Capital Prepared To Leave Inter If Suning & BC Partners Reach Deal, Italian Media Report

LionRock Capital Prepared To Leave Inter If Suning & BC Partners Reach Deal, Italian Media Report
January 18, 2021 20:30
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LionRock Capital are prepared to leave Inter if an agreement between current owners Suning and potential new investors BC Partners is reached, according to an Italian media report this evening.

Calcio e Finanza report explain that the presence of LionRock Capital, who own a minority 31.05% stake in Inter, does not and will not represent any problem between BC Partners and Suning as they continue negotiations.

How their exit will take place is yet to be sorted, but it will happen should the private equity fund and Chinese conglomerate come to an agreement.

The company obtained their stake in Inter from former majority shareholder Erick Thohir in January 2019, for a figure close to €150 million.

LionRock’s founder Daniel Kar Keung Tseung and Tom Pitts both joined the Inter board of directors upon the acquisition of their share in the Nerazzurri.

BC Partners are currently conducting due diligence of Inter’s accounts, a process which will reportedly take a few more weeks to complete yet.

In addition to BC Partners, Arctos Sports Partners and EQT have both been linked with investing into Inter among others.

By Cammy Anderson
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