BC Partners have made their offer to Suning to buy Inter and are now awaiting a response, according to an Italian newspaper report today.
As per Il Giorno’s print edition, the London-based private equity firm have submitted a proposal to take almost full control of the club’s shares and must now wait for Zhang Jindong to examine the offer.
However, Suning’s desire would appear to be to follow up contacts with other funds who are interested in potentially investing into Inter, such as EQT, Ares Management, Fortress and Mubadala.
Inter are known to be suffering from a serious lack of liquidity at the moment, with the Financial Times yesterday claiming Suning were in search of a $200 million cash injection to keep the club operative into next season.
BC Partners’ latest offer for Inter is thought to be worth around €800 million, as per Tuttosport today, which would still fall short of Suning’s reported €1 billion asking price to sell the club.
