Corporate M and A 2026

BRAZIL Trends and Developments Contributed by: Diana Henne, Machado Meyer

share of global deal activity and remains more vola - tile than other regions, especially due to high interest rates and electoral uncertainty. Notwithstanding, the Brazilian market continues to offer a combination of scale, sectoral diversity and investment opportunities, particularly in areas aligned with global trends, such as energy transition, infra - structure and technology. At the same time, the increasing sophistication of deal structures – including the use of contingent pricing mechanisms, distressed M&A strategies and alternative routes to liquidity – reflects a market that is adapting to the current invest - ment environment.

In this context, investors and market participants are likely to maintain a more cautious approach, with more comprehensive due diligence and prioritising assets with lower risks, resilient cash flows and clear strate - gic rationale. Domestic transactions are expected to remain predominant, although cross-border activity – particularly in strategic sectors – should continue to play an important role.

213 CHAMBERS.COM

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