Investcorp is seeking an Italian partner to boost their bid for AC Milan.
Il Sole 24 Ore reports Investcorp are offering a proposal which reaches €1.2bn, while rivals RedBird Capital have bid slightly higher.
As such, Investcorp are now actively seeking an extra partner in order to go higher.
The offer will be structured: the necessary equity of €400m would have been reached, while a further €400m would come from an American fund, Ares Capital (preferred equity).
In addition, Investcorp is also looking for an Italian investor to join the consortium.
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