© Reuters. FILE PHOTO: Soccer Soccer – Serie A – Atalanta v Torino – Stadio Atleti Azzurri, Bergamo, Italy – January 6, 2022 Basic view of pigeons contained in the stadium after the match was postponed because of Covid-19 REUTERS/Alberto Lingria
By Stephen Jewkes and Elvira Pollina
MILAN (Reuters) -A gaggle of traders led by Boston Celtics co-owner Stephen Pagliuca has agreed to purchase into Italian Serie A membership Atalanta.
The deal is the newest U.S.-led funding in Italy’s high soccer league following the acquisitions of Genoa, AC Milan, Fiorentina, Spezia, AS Roma and Venezia.
9 of the 20 top-flight Italian golf equipment at the moment are managed by international names, together with China’s Suning Group at Inter Milan and Canadian Joey Saputo at Bologna.
In a press release on Saturday, Atalanta Bergamasca Calcio mentioned the investor group would purchase 55% of La Dea, the holding owned by Italy’s Percassi household, which owns round 86% of the membership.
The Percassi’s, whose eponymous group owns cosmetics chain Kiko Milano and manages Starbucks (NASDAQ:) shops in Italy, will hold a stake of 45% in La Dea and stay the largest single shareholder in an “equal partnership” deal.
Underneath the deal, which sources mentioned values Atalanta at round 500 million euros ($566 million) together with debt, Antonio and Luca Percassi will stay chairman and CEO of Atalanta.
Pagliuca, who can also be co-chairman of funding agency Bain Capital, will likely be co-chairman.
“Atalanta and Boston Celtics share the frequent sports activities values: teamwork and a unprecedented relationship with the followers and the group,” Pagliuca mentioned.
Primarily based within the northern metropolis of Bergamo, Atalanta has at all times been among the many better of Italy’s provincial golf equipment, however below Percassi possession since 2010 it has punched above its weight and grow to be a function within the European soccer panorama.
The workforce has certified for the profitable Champions League prior to now three seasons and achieved three consecutive third-place finishes in Serie A, serving to it report a full-year 52 million euro revenue in 2020 regardless of the impression of Covid.
In its newest annual report devoted to high European soccer golf equipment, accountancy agency KPMG penciled in a valuation of 364 million euros for the membership.
The Percassi household was suggested by BofA Securities, Studio Gatti Pavesi Bianchi Ludovici and Deloitte.
The traders have been assisted by Legance and Kirkland & Ellis, Alvarez & Marsal and Pirola, Zei, Pennuto & Companions.
($1 = 0.8833 euros)
Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or harm because of reliance on the data together with knowledge, quotes, charts and purchase/promote indicators contained inside this web site. Please be absolutely knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding varieties doable.
