Arctos acquire €34M minority stake at Italian Serie A club Atalanta

Arctos Sports Launches Second Fund, Raising .1 Billion from Clients –  Sportico.com

Private equity firm, Arctos Sports Partners is investing €34 million for a minority stake in Italian football club Atalanta.

Steve Pagliuca, managing owner of the National Basketball Association’s (NBA) Boston Celtics, ‘helped make the connection’ with Dallas-based Arctos to buy into the Serie A outfit.

Pagliuca, who failed in a bid to buy English football giant Chelsea and leads private equity firm Bain Capital, headed up a group of US-based investors that acquired Atalanta in February from the Percassi family.

It has not been reported whose Atalanta equity Arctos bought.

Arctos has more than $5 billion in total assets, having closed on $1.1 billion for a new fund last week. The Atalanta purchase is through Arctos’ first fund, which itself has $3.9 billion in capital.

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