Brazil saw 359 M&As, asset acquisitions, private equity and venture capital transactions in the first quarter, which represents a decrease of 47.7% over the same period in 2022.

In value terms, the transactions correspond to US$24.5bn in total aggregate value, plummeting 65%, according to the latest joint report by TTR Data, reinsurance broker Aon and Datasite.

Most of the deals (208) were mergers and acquisitions, followed by VC transactions (101), asset acquisitions (31) and private equity (19), with most transactions relating to technology and internet, the report said.

Of total transactions, values were disclosed for 40% and 78% of the operations have been completed.

The internet, software & IT services sector was the most active, with 80 deals, representing a 34% drop. Second was industry specific software, and business & professional support services, with 48 transactions each.

TTR mapped 19 private equity transactions, down 38%, for a total of 609mn reais (US$123mn), while 101 venture capital investment rounds were tracked, down 57%, moving a combined 2.5bn reais.

The number of M&A transactions fell by 42%.

“If we look at 2023, the downward trend will continue for part of the year, but operations will tend to gain traction over the months and we'll see them start to pick up over time,” Felipe Junqueira, Aon head of M&A and transaction solutions for Latin America, told BNamericas in an interview last month.

Source: Business News Americas / BN Americas - Chile