According to TTR, Argentina is the only country in the region with positive results, both in terms of value and number of deals.
It continues to decline. The Latin American mergers and acquisitions market has recorded a total of 368 announced and closed M&A transactions through February, valued at US$6.62 billion, according to the latest report from TTR Data and Datasite.
These figures represent a 22% drop in the number of transactions and a 47% decrease in their value compared to February 2024.
In February, a total of 156 mergers and acquisitions were recorded, both announced and closed, for a combined total of US$4.123 billion.
Ranking by country
According to data recorded through February, Brazil leads the ranking of the most active countries in the region by number of transactions, with 228 transactions (a 16% drop) and a 45% decrease in capital mobilized ( US$ 3.44 billion). Chile follows on the list, reaching second place for the first time this year, with 42 transactions (a 25% drop) and a 64% decrease in capital mobilized ( US$ 948 million) compared to February 2024.
For its part, Argentina climbs in the ranking, with 35 transactions (an increase of 46%) and a 1,111% increase in the capital mobilized ( US$ 1.523 billion), making it the only country with positive results, both in terms of value and number of deals.
Colombia, for its part, climbed one position in the ranking, recording 29 transactions (a 46% drop) and an 86% drop in capital mobilized ( US$ 341 million) year-on-year.
Meanwhile, Mexico dropped two places in the ranking, reporting 27 transactions (a 54% decrease) and registering a 49% drop in capital mobilized ( US$ 637 million). In last place, Peru saw its activity decrease, recording 18 transactions (a 33% drop), with a 49% drop in capital mobilized ( US$ 151 million).
In the cross-border arena, the investment appetite of Latin American companies abroad stands out in February, especially in Europe and North America, where 12 and six transactions were carried out, respectively.
For their part, the companies that have carried out the most strategic transactions in Latin America come from Europe and North America, with 57 and 51 deals , respectively.
Private equity, venture capital and asset acquisitions
In February 2025, a total of 16 private equity transactions were recorded for US$ 102 million, which represents a downward trend in the number of transactions (-64%) and a 94% drop in the capital mobilized, compared to the same period of the previous year.
For its part, the venture capital segment recorded a total of 60 transactions in the first two months of the year, totaling US$ 367 million, representing a 46% decrease in the number of transactions and a 68% decrease in transaction value year-on-year.
In the asset acquisitions segment, 65 transactions have been recorded through February, valued at US$ 1.438 billion, representing a 32% decrease in the number of transactions and a 7% decrease in their value, compared to the same period in 2024.
