In the Brazilian automotive industry, there were 5 M&A deals announced in Q2 2023, worth a total value of $86.4m, according to GlobalData’s Deals Database. The $65.4m acquisition of tiete caminhoes e onibus by maquinas e equipamentos and vamos locacao de caminhoes was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Automotive Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in Brazil increased by 296% in Q2 2023 compared with the previous quarter’s total of $21.8m and fell by 89% as compared to Q2 2022. Related deal volume increased by 400% in Q2 2023 versus the previous quarter and was 150% higher than in Q2 2022.
The top-ranked legal advisorss supporting these M&A deals in Brazil Q2 2023 were TozziniFreire Advogados; Cuatrecasas, Goncalves Pereira; Demarest e Almeida Advogados with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Automotive Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.