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Brazil - Annual 2014

December 2014
Brazil - Annual 2014
Pages: 26
Format: .PDF

In the fourth quarter of 2014, the Brazilian transactional market registered 231 deals, both announced and closed, compared with 225 recorded in the same period last year. The investment volume generated was approximately BRL 71.27bn, taking into account deals with disclosed values. In the whole year, a total of 816 deals were registered generating an investment volume of approximately BRL 193.16bn, which represents a 52% increase compared with 2013.

Regarding deal value in the last twelve months, 71.2% of these transactions involved amounts inferior to BRL 200m.

In the cross-border sector, US-based companies were the most acquisitive in the Brazilian market this last quarter, with 25 acquisitions carried out in the technology, internet, multimedia, and distribution and retail sectors. UK-based acquirers were the second most active in Brazil, with six acquisitions. On the other hand, Brazilian companies made nine acquisitions abroad this last quarter, and only three were made outside Latin America.

Transactions involving Private Equity and Venture Capital firms represent 11% and 13%, respectively, of the total number of deals registered in 2014. The volume invested by private equity firms was approximately BRL 5.88bn, compared with BRL 5.32bn in 2013. The Venture Capital segment generated an investment volume of approximately BRL 143.14m this quarter, compared with BRL 363.55m generated in the same period last year. The internet companies attracted most of the investments; 68 deals were registered. Throughout 2014, the investments carried out by Venture Capital firms generated approximately BRL 1.09bn.

TTR’s highlighted deal this quarter was carried out by Península Participações in the acquisition of a 10% stake in Carrefour Brasil, for BRL 1.80bn.

Patrocinado por:

Carrefour Brasil  - Food retail company.

Financial Advisors

Legal Advisors

Mergers and Acquisitions - Brazil
Financial Advisors
By No. of transactions
Ranking 2014 FINANCIAL ADVISOR No. of Transactions
1 Banco Itaú BBA 62
2 Banco BTG Pactual 30
3 Banco Santander 16
4 Credit Suisse Group 15
5 Bank of America Merrill Lynch 13
6 Banco Bradesco BBI 11
7 BR Partners 10
8 Morgan Stanley 9
9 Vinci Partners 9
10 Goldman Sachs 8
By total value of transactions
Ranking 2014 FINANCIAL ADVISOR Total Value (BRLm)
1 Morgan Stanley 55.989,22
2 Credit Suisse Group 55.384,03
3 J.P. Morgan Chase International Holdings 52.184,81
4 Banco BTG Pactual 48.465,70
4 Banco Itaú BBA 48.425,23
5 Bank of America Merrill Lynch 36.821,03
6 Goldman Sachs 35.662,70
7 Deutsche Bank 28.941,20
8 Espirito Santo Investment - BESI 28.375,86
9 Lazard 25.641,03
Mergers and Acquisitions - Brazil
Legal Advisors
By No. of transactions
Ranking 2014 LEGAL ADVISOR No. of Transactions
1 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados 58
2 Pinheiro Neto Advogados 57
3 Machado, Meyer, Sendacz e Opice Advogados 43
4 Veirano Advogados 38


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