Sidley Advises on Launch of Mercury 13, a Women’s Sports Investment Vehicle

Sidley is advising Mercury 13 Holdco, Inc. (Mercury 13) on its launch of a US$100 million fundraise to acquire controlling stakes in women’s professional sports teams in Europe and Latin America. Mercury 13’s vision is to “become the industry standard of women’s football ownership, by identifying and investing in the next decade’s super clubs and fueling their commercial power,” and is led by Greek-Argentine entrepreneur and advocate for gender equality in sports Victoire Cogevina Reynal.

“This transaction further demonstrates Sidley’s deep commitment to women’s sports and our global sports practice, and follows our strong track record working with clients who promote women’s professional sports in the U.S. and abroad,” says Charles (Chuck) Baker, Sidley partner and co-chair of the firm’s Entertainment, Sports and Media group.

The team is also being led by Private Equity partner Adam Runcorn; other members of the team include senior managing associate Nick DeAngelis, managing associate Cyril Cutinha, and associate Dylan Sherwyn (all M&A and Private Equity/Entertainment, Sports and Media), as well as partner Rachel Kleinberg and senior managing associate Jonathan Westreich (both Tax).