Sole 24 Ore: Ad hoc fund will be created to allow multiple investors for Investcorp takeover

By Oliver Fisher -

AC Milan will soon be sold to Investcorp by Elliott Management in an operation worth over €1bn, but there seems to be more than just the Bahrain fund behind them.

According to what is being reported by Il Sole 24 Ore (via, Investcorp will create a new capital vehicle as part of their €1.18bn takeover of the Rossoneri, an ad hoc fund which should have a duration of 10 years and in which the capital for the initial financing of the operation will flow.

Investcorp are essentially a third-party capital management fund and it is a practice that is used for cases like this. The report adds that in the initial phase the operation will be signed by three or four different subjects, all coming from the Persian Gulf and representing not only individuals, but also financial groups and/or families.

Investcorp will therefore be the owners on paper and will serve as the managers of the money that is put into the project from the other parties at play.

Tags AC Milan

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