LionRock Capital backs Inter Milan

According to press reports, the deal was valued at around €150m.

LionRock intends to support the company's growth in partnership with its majority shareholder, Chinese holding company Suning Holdings Group, which controls several businesses including Suning.com, one of the largest retailers in Asia.

Suning acquired a 68.55% stake in Inter Milan in June 2016. According to press reports, the company paid €270m as part of an overall €750m deal, which included €230m in debt and a €100m loan from Thohir.

LionRock, a Hong Kong private equity firm founded in 2011 by businessman Daniel Kar Keung Tseung, is a shareholder in the Suning Sport group, which has led to speculation that this acquisition of a minority stake in Inter Milan could be a move for Suning to assume full ownership of the company in the coming months.

Company
Founded in 1908, Inter Milan is an Italian football club with around 250 million supporters worldwide. The club's trophies include 18 Serie A league titles, seven Coppa Italias, five Italian Super Cups, three Uefa Cups, two European Cups, one Uefa Champions League, two Intercontinental Cups and one Fifa Club World Cup. Inter home stadium is Milan-based Stadio Giuseppe Meazza, which has 78,326 seats. The company reported revenues of €137m and profit of €65.6m in the fiscal year to 30 June 2018.

People
LionRock Capital – Daniel Kar Keung Tseung (founder, managing director).
Internazionale Milano – Steven Zhang (president).
Suning Holdings Group – Zhang Jindong (chair).

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• Topics
• Southern Europe
• Consumer
• Expansion
• Italy
• Minority investing