Highbridge Capital Management is said to be the private equity and mezzanine firm who is in exclusive talks for 8 weeks with Italian soccer team Milan through its BGB Weston advisory company on the debt refinancing issue, Il Sole 24 Ore wrote, adding that the deal might include also an equity investment by the fund into the parent company Rossoneri Sport Lux Owner by Chinese entrepreneur xx Li.
As for today, AC Milan’s and Rossoneri Sport Lux’s 308 million euros debt, all maturing in October 2018, is all subscribed by Elliott fund
With headquarters in New York, Londra and Hong Kong, Highbridge used to be private equity and mezzanine division of JPMorgan asset management. The firm was sold in May 2016 to its amanagement team led by the ceo Scott Kapnick, while JPMorgan retained a minority stake in the firm and the hedge funds activities. Founded in 1992, Highbridge was bought by JP Morgan in 2004 when it managed solely hedge funds activities.
In 2015 JPMorgan had already sold another private equity division to its managers, One Equity Partners.
