TTR In The Press
Tozzini Freire
May 2024
TozziniFreire increases its participation in buy-side operations in the 1st quarter of the year
A recent report released by Transactional Track Record shows the highlights of the transactional market
Brazil remains the largest transactional market in Latin America, and TozziniFreire is one of the firms that has increased its presence, mainly in M&A, Private Equity & Venture Capital, and Asset Acquisitions.
According to the recent Transactional Track Record (TTR) report, which provides updated data on relevant transactions in the first quarter of the Brazilian market, TozziniFreire ranks among the Top 10 list of firms that most operate in these practices in the country. The big highlight is the number of buy-side transactions that the firm advised on, which grew 20% when compared to the same period in 2023.
According to Marcela Ejnisman, partner in the M&A, Private Equity, and Venture Capital practices at TozziniFreire, the reason for this growth lies in the market recovery and the firm's greater capacity to develop good projects in this segment: “Last year was challenging for the transactional market, but in 2024 we started with very positive prospects, taking into account the expected improvement in macroeconomic conditions.”.
Among our most relevant cases, we highlight the sale of PerkinElmer's analytics, food, and business services to New Mountain Capital for BRL 2.3 billion; and the acquisition, by McCain do Brasil, of 51% of the share capital of the non-operating holding company TPZ Participações.
Source: Tozzini Freire - Brazil