It should be noted that Venture Capital transactions decreased by 20% in the first quarter of the year, while Colombia has been the only country with an increase in mobilized capital.
The Latin American transactional market has registered in the first quarter of 2024 a total of 603 mergers and acquisitions, between announced and closed, for an aggregate amount of US$ 11,185 million, according to the most recent report by TTR Data, in collaboration with Datasite and AON.
These figures represent a 22% decrease in the number of transactions and a 10% decrease in their value, compared to the figures recorded in the first quarter of 2023.
PRIVATE EQUITY AND VENTURE CAPITAL
In the first quarter of 2024, a total of 45 Private Equity transactions have been recorded, of which 12 have an aggregate non-confidential amount of US$1.18 billion. This represents a 6% decrease in the number of transactions and a 5% increase in their amount, compared to the same period in 2023.
Regarding the Venture Capital segment, in the first quarter of the year 159 transactions have been carried out, of which 133 have an aggregate non-confidential amount of US$ 762 million, which represents a 20% decrease in the number of transactions and a 21% decrease in mobilized capital, in year-on-year terms.
RANKING OF TRANSACTIONS BY COUNTRY
In 2024, by number of transactions, Brazil led the ranking of the most active countries in the region with 376 deals (22% decrease) and a 2% drop in mobilized capital (US$8,066 million), in year-on-year terms. Mexico follows on the list, with 69 transactions (decrease of 27%) and with a 45% decrease in their amount (US$ 967 million), compared to the same period last year.
For its part, Colombia rises in the ranking , with 61 transactions (a decrease of 2%) and with an increase of 309% in the capital mobilized (US$ 2,066 million), which makes it the only country with positive results in its capital mobilized in the region. Chile, for its part, drops in the ranking , with 61 transactions (40% decrease), and with a 79% decrease in mobilized capital (US$511 million).
Meanwhile, the 33 transactions that occurred in Argentina represent a decrease of 25% and a decrease of 58% in their amount (US$ 223 million), compared to the same period last year. Peru, for its part, has registered 30 transactions (decrease of 17%) and a decrease of 87% in its mobilized capital (US$ 56 million), compared to the same period of the previous year.
CROSS-BORDER SCOPE
In the cross-border area, the investment appetite of Latin American companies abroad stands out until the first quarter of 2024, especially in Europe and North America, where 16 and 12 transactions have been carried out, respectively.
For their part, the companies that have carried out the most strategic transactions in Latin America come from North America, with 102, Europe (62), and Asia (30).
Finally, for the first quarter of 2024, TTR Data has selected as a notable transaction the acquisition by Mexico Infrastructure Partners of 8.5 GW of gas combined cycles from Iberdrola.
