Latest news with #Oaktree
Yahoo
9 hours ago
- Sport
- Yahoo
Report – Inter Milan Complete Another Signing For U23 Squad: Fullback Arrives From Udinese
Inter Milan are continuing to significantly reinforce the U23 squad, with Mattia Marello set to join the team from Udinese. According to via FCInterNews, the youngster is 'one step away' from signing a contract at San Siro. Oaktree's project is gaining momentum. After the appointment of Stefano Vecchi as the new head coach, Inter are moving swiftly to build a competitive squad. Indeed, they've already signed several young players this summer. Inter Milan Set to Sign Talented Fullback Mattia Marello from Udinese VERONA, ITALY – NOVEMBER 23: Giuseppe Marotta of FC Internazionale during the Serie A match between Verona and FC Internazionale at Stadio Marcantonio Bentegodi on November 23, 2024 in Verona, Italy. (Photo by) Mattia Marello will soon become part of Vecchi's squad. The clubs have already agreed on terms, with Inter set to fork out €800,000 for the fullback's signature. Furthermore, they've agreed to include a 20% sell-on clause, entitling Udinese to a significant share of any future transfer fee. Finally, several performance-related bonuses could take the total cost to around €2-3 million. Marello is a highly-rated left-back who can also play further up the pitch.
Yahoo
10 hours ago
- Sport
- Yahoo
Report – Inter Milan Complete Another Signing For U23 Squad: Fullback Arrives From Udinese
Inter Milan are continuing to significantly reinforce the U23 squad, with Mattia Marello set to join the team from Udinese. According to via FCInterNews, the youngster is 'one step away' from signing a contract at San Siro. Oaktree's project is gaining momentum. After the appointment of Stefano Vecchi as the new head coach, Inter are moving swiftly to build a competitive squad. Indeed, they've already signed several young players this summer. Inter Milan Set to Sign Talented Fullback Mattia Marello from Udinese VERONA, ITALY – NOVEMBER 23: Giuseppe Marotta of FC Internazionale during the Serie A match between Verona and FC Internazionale at Stadio Marcantonio Bentegodi on November 23, 2024 in Verona, Italy. (Photo by) Mattia Marello will soon become part of Vecchi's squad. The clubs have already agreed on terms, with Inter set to fork out €800,000 for the fullback's signature. Furthermore, they've agreed to include a 20% sell-on clause, entitling Udinese to a significant share of any future transfer fee. Finally, several performance-related bonuses could take the total cost to around €2-3 million. Marello is a highly-rated left-back who can also play further up the pitch.
Yahoo
11 hours ago
- Business
- Yahoo
Oaktree Preparing Structural Changes For Inter Milan Youth Ground Interello
Oaktree plans to transform Inter Milan into a talent-driven club, starting with the redevelopment of 'Interello.' According to FCInter1908, Inter's transformation under the American investment fund extends beyond just Stadio San Siro. Indeed, Oaktree is pushing forward with plans to upgrade and expand Interello. For context, that's the training ground that hosts the club's youth teams. However, the facility is out of date, and the American owners are keen to turn it into a modern hub for young talent. Oaktree Bid to Overhaul Inter Milan Youth Ground Interello MILAN, ITALY – APRIL 23: General view outside the stadium prior to the coppa Italia Semi Final match between FC Internazionale and AC Milan at Stadio Giuseppe Meazza San Siro on April 23, 2025 in Milan, Italy. (Photo by) Oaktree's plans to build a state-of-the-art stadium in the San Siro area are well-documented. Furthermore, they're working on renovating Appiano Gentile. However, the owners' ambitious project doesn't end with the first team. Instead, Oaktree hopes to strengthen Inter's talent pipeline by creating an environment that matches the standards of Europe's elite clubs. Those plans testify to Oaktree's long-term commitment to Inter and their vision for the club's bright future. Meanwhile, this project is part of the effort to maximize in-house resources and reduce dependence on the transfer market.
Yahoo
08-07-2025
- Sport
- Yahoo
Report – Inter Milan Can Only Sign Parma Rising Star On One Condition
Report – Inter Milan Can Only Sign Parma Rising Star On One Condition New Inter Milan manager Cristian Chivu has reportedly reiterated his wish to sign his former Parma pupil Giovanni Leoni. However, per Corriere della Sera via FCInterNews, Leoni's arrival depends on the future of Yann Bisseck. Advertisement Cristian Chivu has earmarked the 18-year-old as an ideal defensive reinforcement. Furthermore, the youngster perfectly fits Inter's new transfer policy. Indeed, he's young, talented, and offers a substantial resale value, ticking all the boxes for the type of player Oaktree wants to recruit. Inter Milan Can Sign Giovanni Leoni on One Condition PARMA, ITALY – DECEMBER 01: Giovanni Leoni of Parma Calcio during the Serie A match between Parma and SS Lazio at Stadio Ennio Tardini on December 01, 2024 in Parma, Italy. (Photo by) Despite Inter's genuine interest in the €30m-rated starlet, there's a catch. After draining most of their summer budget, Inter must offload at least one first-team star to make room for Giovanni Leoni. With that in mind, Bisseck's future intertwines with the young gun's fate. Advertisement Operating on a tight budget, Inter must cash in on the German defender before bidding for Leoni. Otherwise, they cannot meet Parma's valuation. Then, there's another option in the form of Benjamin Pavard. The Frenchman could be on his way out. Now that Davide Frattesi is no longer up for sale, Inter must sacrifice another first-team piece to raise funds.
Business Wire
07-07-2025
- Business
- Business Wire
Ambac Financial Group and Oaktree announce an extension to the stock purchase agreement for the Financial Guarantee business
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ('Ambac') today announced the extension from July 3, 2025, to December 31, 2025 of the term of the stock purchase agreement relating to the sale of its legacy financial guarantee businesses—Ambac Assurance Corporation ('AAC') and Ambac UK ('AUK')—to funds managed by Oaktree Capital Management, L.P. ('Oaktree') for $420 million in cash. Both Ambac and Oaktree remain fully committed to closing the transaction. Oaktree continues to work with the Wisconsin Office of the Commissioner of Insurance (the 'OCI') to satisfy its remaining closing conditions and obtain final regulatory approval. 'We continue to await final regulatory approval for this strategic transaction and remain aligned with Oaktree and confident in completing the sale,' said Claude LeBlanc, President and CEO of Ambac. 'This transaction remains the capstone to our transformation into a pure-play specialty P&C insurance platform, and we look forward to closing it as soon as practicable.' 'Oaktree has been actively working towards, and is committed to, obtaining the final regulatory approval from the OCI to close on the acquisition of AAC and AUK,' said Oaktree Managing Director Greg Share. 'We look forward to closing this transaction once such approval is received.' In addition to the extension, Ambac and Oaktree have agreed to a conversion right for the warrant to purchase Ambac common stock that Oaktree is receiving at the closing of the transaction. Ambac and Oaktree have also agreed to arrangements with respect to Ambac's existing lease obligations and on the treatment of certain expenses allocated to AAC prior to the closing of the transaction. Full details of the amendment will be disclosed in a Current Report on Form 8-K to be filed by Ambac with the SEC today. About Ambac Ambac Financial Group, Inc. ('Ambac') is an insurance holding company headquartered in New York City. Ambac's core business is a growing specialty P&C distribution and underwriting platform. Ambac's common stock trades on the New York Stock Exchange under the symbol 'AMBC'. Ambac is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, we use our website to convey information about our businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical, and business-related information. For more information, please go to The Amended and Restated Certificate of Incorporation of Ambac contains substantial restrictions on the ability to transfer Ambac's common stock. Subject to limited exceptions, any attempted transfer of common stock shall be prohibited and void to the extent that, as a result of such transfer (or any series of transfers of which such transfer is a part), any person or group of persons shall become a holder of 5% or more of Ambac's common stock or a holder of 5% or more of Ambac's common stock increases its ownership interest. About Oaktree Oaktree is a leader among global investment managers specializing in alternative investments, with $203 billion in assets under management as of March 31, 2025. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,200 employees and offices in 25 cities worldwide. For additional information, please visit Oaktree's website at Forward-Looking Statements In this press release, statements that may constitute 'forward-looking statements' within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as 'estimate,' 'project,' 'plan,' 'believe,' 'anticipate,' 'intend,' 'planned,' 'potential' and similar expressions, or future or conditional verbs such as 'will,' 'should,' 'would,' 'could,' and 'may,' or the negative of those expressions or verbs, identify forward-looking statements. We caution readers that these statements are not guarantees of future performance. Forward-looking statements are not historical facts but instead represent only our beliefs regarding future events, which may by their nature be inherently uncertain and some of which may be outside our control. These statements may relate to plans and objectives with respect to the future, among other things which may change. We are alerting you to the possibility that our actual results may differ, possibly materially, from the expected objectives or anticipated results that may be suggested, expressed or implied by these forward-looking statements. Important factors that could cause our results to differ, possibly materially, from those indicated in the forward-looking statements include, among others, those discussed under 'Risk Factors' in our most recent SEC filed quarterly or annual report.
