Brazil's M&A market recorded 154 transactions in Q1 2026, down 29% year over year. Despite the decline in deal volume, aggregate transaction value increased 47.2% to US$16 billion. The macro backdrop calls for caution. GDP growth is expected to slow to 1.7%, inflation remains close to 4%, the interest-rate easing cycle has been postponed, and fiscal uncertainty is rising ahead of Brazil's October elections. Even so, the data suggests that capital remains readily available for

SpaceX debuted on Nasdaq with the largest IPO in history, raising US$75 billion and reaching a US$1.8 trillion market capitalization on its first day of trading. Nearly twice the size of Saudi Aramco's record-breaking US$38 billion IPO in 2019. What supports a valuation of this magnitude goes far beyond the company's financials. SpaceX's recent push into artificial intelligence has come at the expense of near-term margins, but it has fundamentally reshaped how the market valu

M&A activity across the Americas reached US$821 billion in Q1 2026, marking the strongest first quarter on record. In 2025, we highlighted that the Americas M&A market was becoming increasingly selective and concentrated, with transaction value rising 50% while deal volume declined 2%. Q1 2026 not only confirms that trend but also reinforces it. Total deal value increased 35.6%, while transaction volume fell 3.6% to 3,782 deals. Fewer transactions, significantly larger checks

Latin America accounts for just 6% of global fintech exits. Data from CB Insights’ State of Fintech Q1 2026 report shows that between 2022 and 2025, the region maintained a meaningful share of global venture capital activity, with Brazil accounting for roughly 40% of regional funding. When it comes to exits, however, that relevance largely disappears. In other words, Latin America continues to generate deals, but not liquidity. The slowdown in fintech M&A weighed on global ex