M&A Radar (CADE) · public data
How many mergers and acquisitions happen in Brazil and which sectors lead (2026)
Between January 2026 – July 2026, 486 merger filings were submitted to CADE, +32 filings (+7.0%) versus the same period a year earlier. The figures below come from the monthly M&A Radar (CADE) bulletins and are refreshed every month.
486
Filings year to date
+7.0%
Vs. same period last year
15
Sectors active in the month
79
Filings in July 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 (105), Financial services and insurance (89), Retail, wholesale and vehicle repair (62). The strongest relative growth among sectors with relevant scale is Transport and logistics (+23 filings, +255.6%).
| Sector | Filings | 2025 | Share | Change (no.) | Change (%) |
|---|---|---|---|---|---|
| C - Manufacturing | 105 | 115 | 21.6% | −10 | -8.7% |
| K - Financial services and insurance | 89 | 76 | 18.3% | +13 | +17.1% |
| G - Retail, wholesale and vehicle repair | 62 | 71 | 12.8% | −9 | -12.7% |
| D - Electricity and gas | 36 | 55 | 7.4% | −19 | -34.5% |
| F - Construction | 35 | 21 | 7.2% | +14 | +66.7% |
| H - Transport and logistics | 32 | 9 | 6.6% | +23 | +255.6% |
| J - Information and communication | 29 | 30 | 6.0% | −1 | -3.3% |
| N - Administrative services | 23 | 19 | 4.7% | +4 | +21.1% |
| L - Real estate | 19 | 12 | 3.9% | +7 | +58.3% |
| B - Mining and quarrying | 13 | 12 | 2.7% | +1 | +8.3% |
| M - Professional and technical services | 13 | 14 | 2.7% | −1 | -7.1% |
| R - Arts and recreation | 7 | 3 | 1.4% | +4 | +133.3% |
| A - Agriculture and livestock | 5 | 7 | 1.0% | −2 | -28.6% |
| I - Accommodation and food services | 5 | 1 | 1.0% | +4 | +400.0% |
| Q - Health and social care | 5 | 3 | 1.0% | +2 | +66.7% |
| Not identified | 3 | 1 | 0.6% | +2 | +200.0% |
| P - Education | 3 | 1 | 0.6% | +2 | +200.0% |
| E - Water, sewage and waste | 2 | 4 | 0.4% | −2 | -50.0% |
| Total | 486 | 454 | 100.0% | +32 | +7.0% |
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 |
| Total | 486 | 454 | +32 |
What types of transaction are filed with CADE?
| Transaction type | 2026 | 2025 | Change (no.) | Change (%) |
|---|---|---|---|---|
| Acquisition | 300 | 294 | +6 | +2.0% |
| Asset acquisition | 99 | 92 | +7 | +7.6% |
| Joint venture | 36 | 33 | +3 | +9.1% |
| Merger by incorporation | 20 | 14 | +6 | +42.9% |
| Associative agreement | 9 | 5 | +4 | +80.0% |
| Reorganização societária | 9 | 4 | +5 | +125.0% |
| Merger | 4 | 5 | −1 | -20.0% |
| Asset lease | 3 | 5 | −2 | -40.0% |
| Joint venture dissolution | 2 | 0 | +2 | , |
| Formação de associação | 2 | 0 | +2 | , |
| Encerramento de contrato | 1 | 1 | 0 | 0.0% |
| Permuta de ativos | 1 | 1 | 0 | 0.0% |
| Total | 486 | 454 | +32 | +7.0% |
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, July 2026 edition (cut-off 31 July 2026, database snapshot 11 August 2026).