Ronaldo Takes Majority Control of Head and Mares Operator in Brazil

Overview

• Ronaldo Nazário acquired a 51% controlling stake in DLD and has assumed the role of president of Head Brasil, with the deal announced publicly on his social accounts and financial terms not disclosed.
• The remaining 49% of DLD is held by a consortium that includes former tennis pro Bruno Soares and businessmen João Rezende, Bruno Mendonça, Gustavo Maia and Rafael Alcici Cardoso.
• Partners have publicized a commercial plan to scale the brands by widening distribution networks, upgrading services for retailers and sponsoring competitions to boost engagement in racket and aquatic sports.
• Forbes data cited by the parties shows Head Brasil’s revenue rose about 26% in the past 12 months, and the Mares aquatics brand will remain integrated in DLD’s Brazil strategy.
• The acquisition extends Ronaldo’s post-playing business strategy across sports and leisure and could increase retail access and grassroots support for tennis, padel and aquatic programs nationally.