Mergers and acquisitions operations in Brazil totaled R$ 19.8 billion in October, with a total of 145 recorded transactions. As a result, year-to-date transactions of this type amount to R$ 178 billion, involving a total of 1,617 deals.

These results are still below those recorded in 2022. From January to October of last year, there were transactions totaling R$ 260 billion. The year-over-year decrease was 31.5%.

In October alone, this year’s performance represents a 28.6% decrease compared to the R$ 27.8 billion moved in the same month in 2022. The volume of transactions fell less, by 12%, compared to the 164 transactions in 2022.

The information is part of the monthly report on the sector from TTR Data (ttrdata.com) in collaboration with TozziniFreire Advogados (tozzinifreire.com.br).

The Internet, Software & IT Services sector is the most active with 308 transactions, despite a 26% decrease compared to 2022, followed by the Business & Professional Support Services sector with 254 transactions.

Contrarily, two sectors, however, showed positive performance.

Private Equity transactions reached R$ 22.8 billion, a 41% increase in mobilized capital, although with a 15% reduction in the number of transactions.

The Asset Acquisitions segment recorded 233 transactions and BRL 26.3 billion until October, reflecting a 26% growth in operations compared to the same period last year.

The transaction highlighted by TTR Data in October 2023 was the completion of the acquisition of 51% of the Bluefit gym network by MC Brazil Fitness Holding, a subsidiary of Mubadala. The transaction value is R$ 464.1 million.

Brazilian companies turned primarily to the United States, conducting 28 transactions totaling R$ 4.7 billion until October 2023, followed by the United Kingdom with nine operations.

On the other hand, the United States and the United Kingdom led investments in Brazil, with 137 and 43 transactions, respectively.

Source: Capital Aberto - Brazil