Latin America M&A by the Numbers: Q3 2024

In Q3 2024, Latin America & Caribbean saw a 110% YoY increase in deal flows, with total deal activity rising over 20% compared to Q3 2023. Year-to-date, deal value increased 42%, totaling $10.9B. The Utilities sector led with $1.2B, driven by Vibra Energia’s acquisition of Comerc Energia in Brazil. Brazil accounted for the most deals, with Millicom’s $1.3B purchase of Colombia Telecomunicaciones being the largest, followed by CMA CGM’s $1.1B acquisition of Santos Brasil and V.tal’s $1B deal for Oi’s Fibre Broadband Business.