1、SUM M E R 2025InsightsBrazil TransactionsLearn moreExecutive Summary2Total market capitalization of the Brazilian Stock Exchange/B3 as of June 30,2025,was over USD 700 bn.There were 387 companies registered.A modest and selected Capital Markets activity registered only 3 follow-ons in 2025 so far,ra

2、ising BRL 3.5 bn(USD 0.7 bn).Brazil registered no IPOs during the last 30 months.633 M&A transactions were registered in Brazil in the first half of 2025,a 6.1%decrease compared with the same period previous year(674 transactions).Brazilian investors present in 77.9%of the transactions,and internati

3、onal investors in 22.1%.Strategic players present in 68.9%of the transactions,and financial sponsors in 31.1%.-5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,00020182019202020212022202320242025LatAmUSAEuropeAsiaAfricaMiddle East3M&A Market Overview-World and LatAm Perspective#of Tr

4、ansactionsBrasil54.1%Argentina7.4%Chile7.3%Colombia7.0%Mexico11.3%Others13.0%M&A LaTam-202540.43739.21935.92343.74242.20738.15836.299YTD June19.649LatAm6.1%USA26.6%Europe39.1%Asia 26.3%Africa 0.6%Middle East1.3%M&A Global-2025M&A Market Overview-BrazilIn the first half of 2025,M&A activity in Brazil

5、 registered 633 transactions-a 6.1%decrease when compared with the same period of 2024(674 transactions)Last Twelve Months saw 1,385 transactions,a marginal decrease of 2.9%when compared with 2024(1,426 transactions)Most active sectors include technology(software/IT),financial services,food&beverage

6、s,energy and general services Sectors to watch:mining(traditional and new materials),energy(renewables/energy transitions related),environmental management,infrastructure(including concessions/privatizations),water/sewage and logistics,4OverviewSources:Mergermarket,S&P Capital IQ,Mergers and Acquisi