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Mergers & acquisitions (M&A)

Acquisitions, mergers, tender offers, asset sales and significant stake changes: a radar of Brazilian corporate deals.

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Ronaldo Nazário buys controlling 51% stake in HEAD's Brazilian unit

Former soccer player Ronaldo Nazário acquired a 51% stake in DLD, the distributor operating HEAD and MARES in Brazil, while an investor group led by former tennis player Bruno Soares acquired the remaining 49%. HEAD Brasil recorded a 26% revenue increase over the last 12 months, part of a 20% average annual growth over three years.

  • Financial details of the acquisition were not disclosed by the parties.

Sources:Forbes Brasil

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