M&A Radar (CADE) · public data
How many mergers and acquisitions happen in Brazil and which sectors lead (2026)
Between January 2026 – October 2026, 704 merger filings were submitted to CADE, +13 filings (+1.9%) versus the same period a year earlier. The figures below come from the monthly M&A Radar (CADE) bulletins and are refreshed every month.
By Pedro Seidenthal | September 9, 2026
704
Filings year to date
+1.9%
Vs. same period last year
13
Sectors active in the month
83
Filings in October 2026
Which sectors have the most M&A activity in Brazil?
Year to date in 2026, the sectors with the most filings submitted to CADE are Manufacturing (147), Retail, wholesale and vehicle repair (107), Electricity and gas (94). The strongest relative growth among sectors with relevant scale is Transport and logistics (+30 filings, +107.1%).
| Sector | Filings | 2025 | Share | Change (no.) | Change (%) |
|---|---|---|---|---|---|
| C - Manufacturing | 147 | 130 | 20.9% | +17 | +13.1% |
| G - Retail, wholesale and vehicle repair | 107 | 120 | 15.2% | −13 | -10.8% |
| D - Electricity and gas | 94 | 135 | 13.4% | −41 | -30.4% |
| F - Construction | 63 | 36 | 8.9% | +27 | +75.0% |
| H - Transport and logistics | 58 | 28 | 8.2% | +30 | +107.1% |
| J - Information and communication | 47 | 56 | 6.7% | −9 | -16.1% |
| K - Financial services and insurance | 45 | 46 | 6.4% | −1 | -2.2% |
| L - Real estate | 28 | 27 | 4.0% | +1 | +3.7% |
| N - Administrative services | 22 | 12 | 3.1% | +10 | +83.3% |
| B - Mining and quarrying | 19 | 22 | 2.7% | −3 | -13.6% |
| A - Agriculture and livestock | 17 | 26 | 2.4% | −9 | -34.6% |
| M - Professional and technical services | 15 | 21 | 2.1% | −6 | -28.6% |
| E - Water, sewage and waste | 12 | 9 | 1.7% | +3 | +33.3% |
| Q - Health and social care | 11 | 6 | 1.6% | +5 | +83.3% |
| R - Arts and recreation | 8 | 3 | 1.1% | +5 | +166.7% |
| I - Accommodation and food services | 5 | 9 | 0.7% | −4 | -44.4% |
| P - Education | 4 | 5 | 0.6% | −1 | -20.0% |
| S - Outros serviços | 2 | 0 | 0.3% | +2 | , |
| Total | 704 | 691 | 100.0% | +13 | +1.9% |
How many filings per month in 2026?
| Month | 2026 | 2025 | Change (no.) |
|---|---|---|---|
| January 2026 | 57 | 74 | −17 |
| February 2026 | 55 | 58 | −3 |
| March 2026 | 61 | 42 | +19 |
| April 2026 | 83 | 62 | +21 |
| May 2026 | 90 | 76 | +14 |
| June 2026 | 61 | 65 | −4 |
| July 2026 | 79 | 77 | +2 |
| August 2026 | 75 | 73 | +2 |
| September 2026 | 60 | 74 | −14 |
| October 2026 | 83 | 90 | −7 |
| Total | 704 | 691 | +13 |
What types of transaction are filed with CADE?
| Transaction type | 2026 | 2025 | Change (no.) | Change (%) |
|---|---|---|---|---|
| Acquisition | 445 | 463 | −18 | -3.9% |
| Aquisição de Ativos | 127 | 122 | +5 | +4.1% |
| Merger by incorporation | 31 | 24 | +7 | +29.2% |
| JV | 31 | 26 | +5 | +19.2% |
| Outros | 29 | 14 | +15 | +107.1% |
| Contrato Associativo | 18 | 12 | +6 | +50.0% |
| Consórcio | 15 | 20 | −5 | -25.0% |
| Merger | 4 | 8 | −4 | -50.0% |
| Reorganização | 4 | 2 | +2 | +100.0% |
| Total | 704 | 691 | +13 | +1.9% |
How to read these figures
- One proceeding equals one transaction, dated by its initial filing with CADE.
- Each transaction is assigned one primary sector, prioritising the target or object of the deal.
- The universe is merger filings submitted to CADE; it does not represent the entire Brazilian M&A market, which includes deals below the notification thresholds.
- A filing with CADE does not prove completion, financial closing or integration of the transaction.
- Data from the M&A Radar (CADE) bulletins, October 2026 edition (cut-off 31 October 2026, database snapshot 31 October 2026).