Shareholder RedBird Capital Partners has accomplished the refinancing operation of the debt signed with Elliott to amass AC Milan in 2022. The Singer household fund’s vendor mortgage is changed by RedBird with a brand new institutional mortgage structured by Comvest Credit Partners. The complete sum coated by the settlement is 550 million euros.
Following the completion of the transaction, Elliott’s managing accomplice, Gordon Singer, and affiliate portfolio supervisor, Dominic Mitchell, will depart the board of administrators of AC Milan. There are presently no new additions to the board of administrators and no additional modifications have been made to the board or administration, to make sure the continuity of the governance and operational administration of the membership.
Comvest is a medium-sized, lively credit score platform centered on financing North American firms with values between 50 million and 500 million. Last November it was taken over by the Canadian insurance coverage group Manulife. Comvest has three places of work within the United States: one in New York, one in Chicago and one in West Palm Beach, Florida.
https://www.ilsole24ore.com/art/milan-cardinale-rifinanzia-debito-comvest-elliot-lascia-cda-AIfxQIAB