Bain Capital Also Interested In Buying Inter From Suning, Italian Media Reveal
Bain Capital are the latest group to join the race to buy Inter from Suning, according to an Italian media report today.
As per Gazzetta dello Sport’s print edition, the American-based private investment fund are in the running as well alongside BC Partners, EQT, Ares Mangement, Arctos Sports Partners and Fortress.
BC Partners are the only group thought to have made an offer, worth around €750 million, to Suning for Inter, but the Nerazzurri’s owners have already said no.
Suning still want €950 million to sell Inter and there is no sign of the London-based firm raising their offer to that extent, opening the door for all the other funds to seek a deal of their own.
The Milanese publication also referenced a damning report in yesterday’s Financial Times, which revealed Suning needed a cash injection of around $200 million before the end of this season to keep Inter operative.
The FT also said Suning repaid $1.5 billion of debts in China last year, but that they still had $1.2 billion in bond-related payments to meet before the end of 2021.