Add a bookmark to get started

3 March 20223 minute read

Campos Mello Advogados advises 777 Partners in acquiring a majority stake in Brazilian football club Club de Regatas Vasco da Gama

Campos Mello Advogados (CMA), in cooperation with DLA Piper, advised the Miami-based private investment firm 777 Partners in the offer to acquire a majority stake (70%) in Club de Regatas Vasco da Gama (Vasco), one of Brazil’s most historic football clubs. The deal will value the Rio de Janeiro-based football club at approximately US$280 million and is projected to be finalized in 90 days.


777 Partners’ majority stake in Vasco falls within its strategy to become a MCO (Multiple-Club Owner), which also includes Italy’s Genoa Cricket and Football Club and Valencia Club de Fútbol. The investment firm’s portfolio includes brands in the Aviation, Consumer & Commercial Finance, and Insurance industries, among others.


“Vasco is one of Brazil’s well-known and longest-standing football clubs—congrats to 777 Partners in yet another strategic acquisition in the sports sector,” said CMA partner Jorge Gallo, who led the firm’s deal team. “It was a pleasure working with 777 Partners’ team, flexing our extensive cross-border transactional capabilities and deep knowledge in the sports sector.”


In addition to Gallo (São Paulo), associate Flávia Ferreira (São Paulo) was part of the team that advised 777 Partners in the deal.


With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex cross-border transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 11 consecutive years, according to Mergermarket.


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.