Matix Capital was the exclusive advisor to American businessman John Textor, during the acquisition of a controlling stake in Botafogo SAF.
We worked closely with Textor throughout the entire process, from target identification to negotiations, deal closure, and subsequent post-acquisition interim management.
The landmark deal, which involved a USD 75 million capital injection into the SAF, was finalized in March 2022, marking the first conversion of a high-profile Brazilian club into a private entity, following the enactment of the SAF law. Matix Capital's team contributed to the establishment of SAF governance, introducing mechanisms that have since become industry standards for governing the partnership between not-for-profit Club Associations and investors.
About Botafogo:
Botafogo, an iconic football club from Rio de Janeiro, boasts a fan base of over 4 million supporters. With a glorious history, the club has claimed the Brazilian championship twice, triumphed as South American champions once, and holds the record for the most international titles among Brazilian clubs. Legends such as Garrincha, Nilton Santos, Jairzinho, and Didi have left a mark on Botafogo's legacy and propelled the club's distinction as the leading provider of players to the Brazilian national team in FIFA World Cups.
