Presidio, a private equity firm based in Austin, has acquired 100% ownership of Verona – bringing to an end Maurizio Setti’s 13-year stint at the helm.

Private equity group Presidio Investors has purchased Italian football club Hellas Verona, the latest US firm to target a team in the country’s world-class Serie A league.

United States private equity firm Presidio Investors has completed a deal to buy struggling Italian club Hellas Verona from Italian entrepreneur Maurizio Setti, the Serie A side said on in a statement on its website on Wednesday.

Presidio Investors, a US private equity firm, has completed a deal to buy Hellas Verona, of Italian soccer’s top-tier Serie A. Through a deal that was unveiled yesterday (January 15), the Texas-based investment firm has completed a 100% acquisition of the team,