Private Equity Honcho DiBenedetto Eyes A.S. Roma

Feb 4 2011 | 3:11am ET

A Boston private equity chieftan is nearing a deal for an Italian soccer team.

A group of investors led by Thomas DiBenedetto is in exclusive talks with A.S. Roma and is close to an agreement, according to published reports. DiBenedetto is president of p.e. firm Junction Investors and money manager Boston International Group.

DiBenedetto himself is leading the negotiations for the club, which has been up for sale since July. His offer was deemed the best of the five received by the club. Another member of the group, Julian Movsesian, told Bloomberg News, "we could be the proud owners in two weeks."

The DiBenedetto group has offered about €130 million for the team and will "provide further information and complete their offer" over the next few days, the current ownes, Compagnia Italpetroli, said.

DiBenedetto is no stranger to European soccer as a partner of New England Sports Ventures, which owns the Boston Red Sox and last year bought English soccer team Liverpool Football Club.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of