Campos Mello Advogados advises 777 Partners in the acquisition of 70 percent share of Vasco da Gama SAF
Campos Mello Advogados (CMA), in cooperation with DLA Piper, advised the Miami-based private investment firm 777 Partners in the negotiation and execution of a binding offer for the acquisition of 70 percent of the capital stock in Club de Regatas Vasco da Gama (Vasco), one of Brazil’s most historic football clubs.
777 Partners acquired a controlling interest in Vasco da Gama SAF, complying with the conditions established in the binding investment agreement executed by the parties on June 25. Additionally, 777 Partners will invest BRL$700 million in Vasco da Gama SAF.
“It was a pleasure bringing together our market leading transactional capabilities with oureepening experience in sports teams’ acquisitions to facilitate this deal,” said Jorge Gallo, the head of CMA’s sports practice who led the deal team. “This deal is another step in cementing our practice’s position in this exciting market, and we look forward providing more advice on SAF transactions in the future.”
In addition to Jorge Gallo, the associates Flavia Ferreira and Diego Paes de Barros reinforced the team that worked on this operation.
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DLA Piper’s market-leading international team of sports lawyers has advised on some of the most significant transactions in the sports industry, including multi-billion dollar acquisitions and sales of sports franchises, joint ventures, stadium and arena developments, team financings, media and sponsorship arrangements, and regulatory and administrative issues.
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