Topic
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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