There is no truth in reports suggesting BC Partners could collaborate with another fund to buy Inter. according to an Italian media report today.
Tuesday’s print edition of Corriere della Sera this morning suggested the British investment firm could collaborate with fellow private equity fund Ares to invest into the Nerazzurri.
However, FCInterNews.it have now stated that BC Partners are continuing to work on the acquisition of a majority stake in Inter, that their due diligence of Inter’s accounts is ongoing and that it will go on for some time.
At the moment, thanks to an exclusive right to negotiate with owners Suning, the British private equity fund are going it alone.
A deal is said to be very complex because the interests of both BC Partners and Suning need to be brought together.
The chances of Suning, who have been majority shareholders of Inter since 2016, leaving the club with an amount of money equal to what they have invested in the last four and a half years are narrow.
Inter is valued at €750 million, including debts, for 100% of the club but this valuation probably wouldn’t be enough for them to recover the €600 million invested.
The report goes on to add that the club’s current financial situation will impact the future choices made by the parties because between salaries and various other things, Inter have a figure of €100 million to pay.
Inter’s current minority shareholders LionRock Capital will meanwhile leave the club.
Their 31.05% share in the club is not even a topic of discussion between BC Partners and Suning because it has already been established that that share will change hands.
