Dealmaking fell 12% by volume and 24% by transaction value in Latin America last year, according to TTR Data.

The figures include M&As, private equity, venture capital and asset acquisition transactions.

There were some small signs of improvements compared to 2022, when the number of transactions decreased 11% and deal value was down 42%. 

The improving scenario was covered by BNamericas in a previous article, with a special focus on startups.

Last year, the value of LatAm transactions with disclosed figures was US$74bn, with the number of deals standing at 3,235, according to TTR.

M&As accounted for 51.5% of all transactions, followed by VC, asset acquisitions and private equity. 

The number of private equity deals dropped 10% to 181, while VC operations were down 30% to 899, said TTR.

Brazil was the leading market with 2,008 deals, a 22% decrease from 2022. Deal value was down 27% to US$ 43.5bn, based on 835 transactions that disclosed their price tags, TTR reported.

In a separate report, startup hub Distrito said that LatAm startups raised US$3.1bn in 746 funding rounds last year, down 55% in terms of transaction volume. Fintechs, retailtechs and healthtechs led the pack.

Brazilian startups raised US$1.9bn, which represented a decline of 56.9% and being the worst result since the pre-pandemic year of 2018, according to Distrito, which tracked 455 rounds in the country, down 51.1%.

In TTR’s report, Chile ranked second after Brazil with 384 deals, up 15% from 2022. The 201 Chilean deals with disclosed value totaled US$15bn, for a 2% increase.

Mexico ranked third with 366 transactions and US$13.4bn in deal value, down 16% and 19%, respectively. The price tag was disclosed in 151 of the operations.

Colombia followed with 264 transactions, for a 5% drop. Deal value was down 32% to US$5bn, based on 110 deals that disclosed figures.

Source: Business News Americas / BN Americas - Chile