Deals
Advent Bids for Stake in Italian Soccer League Serie A
- Private equity firm challenges rivals CVC and Bain for stake
- Games have only just resumed in Italy after Covid suspension
Photographer: Miguel Medina/AFP via Getty Images
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Advent International has entered the race for a stake in Serie A, the Italian soccer league that’s already considering offers from rival private equity firms CVC Capital Partners and Bain Capital, according to people familiar with the matter.
Advent has made a bid for a stake in Serie A, the people said, asking not to be identified as the matter is private. Its proposal could value the league at about 13 billion euros ($14.6 billion), the people said.