Equities Activity

Unlike the IPOs and follow-ons that took place in 2021, capital markets activities have slowed down in 2022, with only 18 follow-ons totaling BRL +55 bn (+USD 11 bn). There were no IPOs in Brazil in the period.

M&A Activity

M&A activity in Brazil in 2022 reached a volume of 1,543* transactions (based on Kroll market research), representing a 5.2% decrease compared to the same period in 2021. The sectors with the highest representation are technology, financial institutions and energy. The decrease is due to conservatism, also, cash preservation returned to the main agenda of investors, in a context of greater investments selection with the basic interest rate in Brazil of 13.75% — and without a reduction bias in the medium term. 
As IPOs (0) and follow-ons (17) have decreased offers in 2022, M&A activity has taken advantage of this scenario and should remain strong, but with significant challenges from the political scenario.

Brazil Transactions Insights - Winter 2022

Mergers and Acquisitions (M&A) Advisory

Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.

Valuation Advisory Services

Our valuation experts provide valuation services for financial reporting, tax, investment and risk management purposes.

Fairness and Solvency Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions in the U.S., EMEA (Europe, the Middle East and Africa), Australia and Globally in 2023 according to LSEG (FKA Refinitiv).

Private Capital Markets – Debt Advisory

Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.