The Latin American transactional market recorded a significant increase in deal value during the first two months of 2026, despite a decline in the total number of operations. According to the latest report from TTR Data and Datasite, the region registered 280 mergers and acquisitions (M&A) transactions through February, representing a 43% decline in volume but a 59% increase in aggregate value to US$14.3 billion.

In February alone, 115 transactions were announced or completed, totaling US$9.3 billion. This trend toward higher-value deals highlights a shift in investor strategy toward larger, strategic assets rather than broad-based market expansion. The largest cross-border transaction of the month involved GE Vernova completing the acquisition of the remaining 50% stake in Prolec GE from Mexican company Xignux for US$5.2 billion.

Regional Performance and Country Rankings

All major economies in the region recorded positive results in mobilized capital. Brazil continues to lead Latin American activity with 144 transactions through February. While this represents a 52% drop in volume, capital mobilized in the country increased 49% to US$6.9 billion.

Chile rose to second place in the rankings with 55 operations totaling US$1.6 billion, a 59% increase in value. Argentina ranked third for the first time this year, registering 43 transactions worth US$1.9 billion, a 39% increase.

Mexico moved to fourth place with 37 transactions. Despite a 10% decline in deal volume, the country recorded a 626% surge in capital mobilized, reaching US$4.7 billion.

Colombia and Peru also reported substantial increases in transaction value, with Peru posting a rise of more than 2,400%, driven by several large individual deals.

Growth in Private Equity and Asset Acquisitions

The Private Equity segment recorded the most dramatic increase in capital deployment. While the number of transactions fell 7% to 27 deals, total value surged by 3,494% to US$4.578 billion, indicating a strong concentration of institutional capital in a small number of large-scale investments.

Venture capital activity registered 37 transactions totaling US$652 million, representing a 64% decline in volume but a 14% increase in value.

Meanwhile, asset acquisitions remained a stable driver of the market, with 78 transactions valued at US$2.5 billion, reflecting a 66% increase compared with the same period in 2025.

Cross-Border Dynamics and Outlook

Cross-border activity remained strong, with North American and European companies acting as the main strategic investors in Latin America, completing 45 and 44 transactions, respectively. 

Conversely, Latin American firms showed growing interest in international expansion, completing 14 transactions in Europe and six in North America.

Industry analysts expect continued volatility but remain optimistic about a gradual recovery driven by sectors such as technology, energy, and financial services. The increasing use of artificial intelligence in due diligence processes and a stabilizing macroeconomic environment are also expected to support higher-value deals throughout the remainder of 2026.