Acquisitions in Brazil

Visma, a provider of mission-critical business software across Europe and Latin America, acquired MaisMei, a Brazil-based compliance-first app serving Individual Micro Entrepreneurs (MEIs). The transaction is intended to deepen Visma’s presence in Brazil and create a “start-to-scale” pathway by linking MaisMei’s mobile compliance tools with Conta Azul, Visma’s Brazilian cloud ERP and financial management platform acquired in August 2025.

Remsoft has acquired INFLOR, a forest management system (FMS) provider, to expand Remsoft’s cloud-based Forest Intelligence Platform with enterprise-grade operational forest management capabilities. The combination is intended to improve end-to-end visibility across the forestry value chain by linking forest management data with planning, optimization, analytics, and compliance reporting. The deal also deepens Remsoft’s presence in Brazil and South America and aligns with Remsoft’s growth strategy backed by Banneker Partners.

Equinox Gold Corp. completed the sale of its Brazil operations—Aurizona Mine, RDM Mine, and the Bahia Complex—to a subsidiary of CMOC Group Limited for total consideration of up to US$1.015 billion. Equinox received US$900 million in cash at closing (subject to adjustments) and may receive an additional production-linked contingent payment of up to US$115 million on January 23, 2027.

JumpCloud has acquired MacSolution, described as JumpCloud’s largest managed service provider (MSP) partner in the Americas. The deal is intended to expand JumpCloud’s go-to-market and professional services capabilities in Brazil by further building out a strategic hub in São Paulo; financial terms were not disclosed.

Fagron completed the acquisition of Purifarma in Brazil following antitrust clearance from CADE. The deal, valued at approximately R$250 million in enterprise value, is intended to strengthen Fagron’s Essentials business and support its buy-and-build strategy in the region through scale, mix improvement, and procurement benefits.

Fagron announced the completion of its acquisition of Purifarma in Brazil following approval from CADE, Brazil’s competition authority. The deal, valued at approximately R$250 million in enterprise value, is intended to strengthen Fagron’s scale and product portfolio in Essentials and support its buy-and-build strategy in Brazil and Latin America.

Patria Investments Limited completed its previously announced acquisition of a 51% stake in Solis Investimentos, a Brazilian investment manager focused on structuring and managing CLOs. The deal adds approximately US$3.5 billion of fee-earning AUM to Patria’s credit platform and positions Solis for further growth while remaining led by its founders.

Nava, a Brazilian technology consultancy, announced the acquisition of GH Brandtech, a branding and growth-focused consultancy. The deal includes an option for Nava to acquire full control within 36 months and marks Nava’s first inorganic growth move since private equity firm Crescera Capital invested in the company late last year.

Advent International made a strategic investment in Skyone as part of the Brazilian cloud, data and AI software company’s Series C financing round, with proceeds aimed at accelerating R&D (including Skyone Studio), expanding distribution, and supporting international growth. Skyone’s founding partners will remain significant shareholders alongside existing investors Henkan and BeWater, while Inovabra Ventures and select angel investors fully exited in connection with the transaction.

WakeCap Technologies acquired Trackfy, a Brazilian provider of workforce safety and operational tracking solutions, to expand into Latin America and deepen capabilities across construction and industrial operations. The deal adds Trackfy’s IoT platform and operational/maintenance support, enabling WakeCap to provide connected, lifecycle solutions from construction through ongoing industrial operations.

DwyerOmega, a portfolio company of Arcline Investment Management, acquired Consistec, a São Paulo-based Brazilian manufacturer of temperature monitoring and sensing solutions. The deal expands DwyerOmega’s global temperature measurement and control capabilities and strengthens its presence in Brazil and broader South American markets, with applications across power generation and transmission, utilities, pharmaceutical, and agricultural end markets.

Sherwin-Williams has completed the acquisition of BASF’s Brazilian architectural paints business, Suvinil, following a definitive agreement announced in February 2025 and receipt of customary regulatory approvals. Suvinil is a leading architectural paints provider in Brazil (with brands including Suvinil and Glasu!) and will be integrated into Sherwin-Williams’ Consumer Brands Group.

Clear Channel Outdoor Holdings, Inc. completed the sale of its Brazil business to Publibanca Brasil S.A., an affiliate of Eletromidia S.A., for R$80 million (approximately US$15 million). The closing marks Clear Channel Outdoor’s exit from Latin America as it simplifies operations and uses net proceeds to support liquidity and debt reduction.

Core Laboratories Inc. acquired Solintec, a Brazil-based integrated geological services company focused on upstream oil and gas laboratory and reservoir-related analysis. The deal expands Core Laboratories’ local presence in Brazil and enhances its in-country capabilities for mineralogic and sedimentary analysis, supporting faster and deeper formation evaluation for offshore pre-salt and onshore projects.

Brazilian edtech Árvore completed two acquisitions of undisclosed value to accelerate growth in Brazil and support its international expansion plans. The deals include the purchase of A Taba, a children’s and youth literature curation company, and an acquihire of Typper, an AI startup focused on education and design, with both teams becoming fully dedicated to Árvore’s projects.

Arcadea Group acquired WMI, a Brazilian provider of laboratory information management solutions best known for its Autolac software suite for clinical laboratories. WMI will continue to operate under CEO Rebeca Mangualde, with Arcadea supporting the company’s long-term growth and expansion in Brazil’s healthtech sector.

Volaris Group, an operating group of Constellation Software Inc., announced the acquisition of Useall, a provider of enterprise management software focused on electric utilities, manufacturing, and specialized distributors. Useall will continue operating as an independent business unit within Volaris’ Latam & Iberia portfolio in Brazil.

NielsenIQ (NIQ) announced the acquisition of Mtrix, a Brazilian SaaS company providing end-to-end visibility across the indirect distribution supply chain. The deal strengthens NIQ’s supply chain visibility and analytics capabilities while expanding its presence in Latin America, marking NIQ’s first additive transaction in the region since joining Advent International’s portfolio in 2021.

Gentell and Affiliated Companies acquired Casex, a Latin American manufacturer of ostomy and wound care products, with the acquisition announced June 5, 2025. Casex operates manufacturing facilities in Brazil and Paraguay and will be rebranded as Gentell, distributing products under the Gentell name. Gentell said the deal supports expansion in South America and broadens its ostomy product line opportunities in the United States.

Almaviva, an Italian provider of digital solutions and technology transformation, signed a definitive agreement to acquire TIVIT, one of Brazil’s largest technology companies with operations across Latin America, from funds advised by Apax Partners LLP. The deal aims to accelerate Almaviva’s digital expansion in Latin America by combining the companies’ complementary capabilities in cloud solutions, cybersecurity management, digital platforms, and managed services. The transaction is subject to regulatory approval.

Arcadea Group acquired Intuitive Care, a Brazilian health tech company providing revenue cycle management (financial cycle) software for hospitals, clinics, and specialty practices. Intuitive Care will continue to be led by its co-founders, CEO Paulo Liete Pinto and CTO Luis Neto, as the company works with Arcadea to accelerate product development and expand across Brazil’s healthcare ecosystem.

Macquarie Asset Management, through Macquarie Infrastructure Partners VI, agreed to acquire a 100% stake in Monte Rodovias S.A., a Brazil-based toll road portfolio platform. The stake is being sold by Monte Capital Management via one of its managed funds, and the transaction is expected to close in the second half of 2025 subject to customary conditions. The acquisition expands Macquarie Asset Management’s transportation infrastructure footprint in Brazil and Latin America.

Bottle Rocket and DTI Digital announced a merger effective January 1, 2025 to combine their experience and enterprise digital transformation capabilities. The companies will continue operating under their existing brands, with the joint entity operating in the United States under the Bottle Rocket name while DTI Digital continues operations in Brazil.

Veolia announced the acquisition of Alagoas Ambiental and Serquip Tratamentos Resíduos AL, two leading solid waste management, treatment, and recovery companies in Brazil’s Northeast state of Alagoas. Approved by Brazil’s antitrust authority CADE, the deal expands Veolia’s EcoPark footprint and adds healthcare waste treatment capabilities, strengthening its national resource management operations in Brazil.

Afya Limited completed the acquisition, via its wholly-owned subsidiary Afya Participações S.A., of 100% of Faculdade Masterclass Ltda., operator of FACULDADE ÚNICA DE CONTAGEM (FUNIC) in Contagem, Minas Gerais, Brazil. The transaction adds 60 pre-operational medical school seats, with an aggregate purchase price of R$100 million (subject to net debt adjustments) and potential contingent consideration tied to regulatory approval of up to 60 additional seats.

Preformed Line Products Company (PLP) has acquired J.A.P. Indústria de Materiais para Telefonia Ltda (JAP Telecom), a Brazilian designer and manufacturer of connectivity solutions for telecommunications infrastructure. Headquartered in Pedreira, Brazil, JAP Telecom expands PLP’s communications product portfolio and strengthens its manufacturing and service capabilities across South America.

Petro-Victory Energy Corp., in partnership with BlueOak Investments, completed the acquisition of Capixaba Energia LTDA, a producing onshore oil and gas asset in Brazil’s Espírito Santo Basin. The transaction delivers immediate cash-flowing production and associated infrastructure, and is the first closed deal under the Petro-Victory–BlueOak strategic partnership/joint venture.

CMA CGM Group closed its acquisition of approximately 47.9% of Santos Brasil Participações S/A from funds managed by Opportunity, bringing CMA CGM’s total ownership to 51% and making it the controlling shareholder. The stake purchase was completed at BRL 13.60 per share following Brazilian regulatory approvals, and CMA CGM (via CMA Terminals Atlantic SA) will launch a mandatory tender offer to acquire the remaining outstanding shares it does not already own, with pricing adjusted by the SELIC rate.

CVC Capital Partners IX will become the new majority shareholder of Grupo GSH (GSH), a Brazil-based healthcare services provider focused on hemotherapy and nuclear medicine. CVC Funds will acquire GSH from Rede D'Or and private equity fund Opus Investimentos, with closing expected in Q3 2025 subject to regulatory approvals.

Bragg Gaming Group acquired a strategic equity stake in RapidPlay Ltd and entered into an exclusive content distribution partnership to expand Bragg’s localized online casino content offering in Brazil and the broader Latin American market. Under the agreement, Bragg will distribute RapidPlay’s full content portfolio to its base of licensed Brazilian operators, and Bragg also received an option to acquire a controlling interest in RapidPlay in the future.

TestFly, a provider of quality assurance testing solutions for the video game and mobile gaming industries, announced the acquisition of Red Cerberus, a video game testing company based in São Paulo, Brazil. The deal expands TestFly’s global QA delivery capabilities, adding Red Cerberus’ team and testing facilities to provide scalable, multi-regional and 24/7 follow-the-sun testing coverage. Financial terms were not disclosed.

Wireless Logic, a UK-headquartered IoT connectivity solutions provider, has acquired Arqia, Brazil’s largest independent authorised MVNO focused on M2M and IoT connectivity. The deal expands Wireless Logic’s reach across Brazil and Latin America and enables Arqia to operate independently from the Datora Group while enhancing enterprise IoT connectivity offerings in the region.

Volaris Group announced the acquisition of Nydus Systems Informatica, a Brazil-based provider of HR management systems and payroll solutions for small-to-medium sized businesses. Nydus will continue to operate under the leadership of founder and CEO Adalberto Argente as it joins Volaris Group’s portfolio of vertical market software companies.

Netmore Group announced its continued expansion into Brazil and the broader South American market following the completion of its acquisition of Everynet. The deal strengthens Netmore’s carrier-grade IoT network footprint in the region and supports growing demand for LPWAN connectivity across sectors such as utilities, agriculture, smart cities, and transportation/logistics.

Nayax acquired UPPay to expand its footprint in Brazil and pursue broader growth opportunities across Latin America. UPPay, a digital payment and telemetry provider for automated self-service coffee machines, will be integrated with Nayax’s existing Brazilian operations, including prior acquisition VMtecnologia, adding about 25,000 unattended points of sale.

Arthur J. Gallagher & Co. announced the acquisition of São Paulo, Brazil-based Case Group, with terms not disclosed. Case Group is an employee and health benefits brokerage and consulting firm serving clients throughout Brazil and will continue operating under local leadership within Gallagher’s Brazil operations.

Brazilian financial infrastructure startup Celcoin acquired CobranSaas in a 100% cash transaction. CobranSaas provides loan and debt collection management software, and the deal is intended to strengthen Celcoin’s fast-growing credit infrastructure vertical following Celcoin’s $120M Series C in June 2024.

Perseus Operating Group of Constellation Software Inc. completed the acquisition of Matrix Sistemas e Serviços Ltda, a provider of clinical laboratory information systems for Brazil’s healthcare sector. The deal represents Perseus’ first acquisition in Brazil and will be housed within Perseus’ newly formed Miram Solutions portfolio.

L Catterton Latin America announced a strategic investment in WeVets, an independent veterinary hospital group in Brazil operating 24-hour centers and diagnostic labs. The investment will support WeVets’ long-term growth plans, including continued expansion across Brazil through acquisitions and organic growth.

H.I.G. Capital, through an affiliate, completed the acquisition of a majority stake in Life Agro, a Brazilian producer of specialty agricultural inputs. Life Agro founder and CEO Matias Ezequiel Tiecher will retain a significant ownership stake and continue to lead the company as CEO. Financial terms were not disclosed.

Vinci Partners Investments Ltd. signed and closed an agreement to acquire Lacan Ativos Reais, a Brazilian timberland/forestry-focused alternative asset manager with approximately R$1.5 billion in assets under management. The transaction includes an initial cash payment plus earnout-based additional consideration over up to four years tied to fundraising and incremental management fee revenues. The deal closed on November 4, 2024 and is expected to be immediately accretive to Vinci’s fee-related and distributable earnings per share.

Nelogica, a Brazilian financial technology company, acquired a majority stake in Bookmap, a trading platform focused on real-time market liquidity and order-flow visualization. The transaction supports Nelogica’s international expansion strategy and is described as its largest international investment to date.

Warburg Pincus made a $125 million investment in Contabilizei, a Brazil-based accounting technology and services company focused on small businesses and self-employed professionals. The transaction gives Warburg Pincus a minority stake and makes it the largest shareholder, with shares acquired from existing venture capital investors including Kaszek; SoftBank Latin America Funds indicated it will remain invested.

Lesaffre acquired a 70% majority stake in Biorigin, a yeast-derivatives business unit of Zilor, making Lesaffre the controlling shareholder. Zilor will retain a 30% stake, while the transaction (including Biorigin’s production unit in Quatá, São Paulo, Brazil) is expected to close after customary creditor and regulatory approvals.

Alares, a Grain Management-backed telecommunications operator, has completed the acquisition of Azza Telecom after signing the deal in July 2024 subject to regulatory approvals. The transaction expands Alares’ fiber broadband footprint in the state of São Paulo (including Sorocaba and other cities) and adds roughly 132,000–136,000 subscribers and about 630 employees, strengthening Alares’ role in the consolidation of Brazil’s broadband market.

Volaris Group announced it has acquired IDS, a provider of public management software solutions in Brazil. IDS will continue operating as an independent business unit within Volaris’ Latam & Iberia Portfolio, strengthening Volaris’ public sector software offering in the region.

Minova, an AURELIUS Private Equity portfolio company, acquired Itabolt, a family-owned Brazilian manufacturer of special roof support bolts for underground mining. The deal strengthens Minova’s Latin American presence and expands its metals segment capabilities through local production and Itabolt’s engineering expertise. The transaction is described as Minova’s first add-on acquisition in Latin America.

Valmet has completed its acquisition of Demuth, a Brazilian provider of wood handling solutions and services for the pulp industry in South America, following an agreement announced on December 22, 2023. The transaction value was not disclosed and closed after competition-authority approval, with Demuth’s operations to be included in Valmet’s financial reporting starting in Q3 2024.

netLex, a Contract Lifecycle Management (CLM) software platform, announced the closing of a $24 million growth funding round led by Riverwood Capital. The company plans to use the investment to accelerate product development and innovation, with a focus on artificial intelligence, and to expand further outside Brazil.

Matera announced a $100 million growth investment from Warburg Pincus. The capital will support Matera’s expansion into the North American market and further product development for its banking software, real-time payments, and QR code payment solutions.

Volaris Group announced the acquisition of Maxima Tech, a Brazilian provider of sales automation software for the wholesale and distribution sector. Maxima Tech will continue to operate as an independent business unit within Volaris Group’s Latam & Iberia portfolio.

Afya Limited, via its wholly owned subsidiary Afya Participações S.A., closed the acquisition of 100% of Unidom Participações S.A. (Unidompedro and Faculdade Dom Luiz) in Bahia, Brazil. The aggregate purchase price was R$660.0 million, with R$347.8 million (net of estimated net debt) paid at closing and R$312.2 million payable in up to 10 annual installments contingent on maintaining authorization for 175 medical school seats. The acquisition adds 300 operational medical school seats in Salvador and expands Afya’s medical education footprint in the state of Bahia.

General Atlantic led a strategic minority investment in LiveMode, a Brazilian sports and media ecosystem company, with participation from XP Private Equity. The funding is intended to accelerate LiveMode’s growth in sports media rights, content production, and distribution solutions for rights holders, while supporting long-term partnerships and international expansion.

Advent International led a R$1 billion investment round in Inspira Rede de Educadores, a Brazilian network of basic education schools, with CPP Investments joining as a co-investor. Under the agreement, Advent-managed funds will become a co-controlling shareholder alongside private equity funds managed by BTG Pactual, which has been a shareholder since 2020. The new capital is intended to strengthen Inspira and accelerate organic growth and acquisitions across Brazil.

Leste Group acquired a significant stake in Prestige Cosmetics, a leading distributor of luxury perfumes, cosmetics, and skincare brands in Brazil with a growing North American presence. The investment, made through Leste’s private equity platform, will support Prestige’s international expansion, including strengthening its retail footprint and e-commerce channel. Financial terms were not disclosed.

Advent International announced a strategic investment in Skala Cosméticos, a leading Brazilian vegan haircare brand headquartered in Uberaba, Minas Gerais. The investment (via Advent’s Latin America-focused LAPEF VII funds, conducted through Odara Participações) is intended to support Skala’s expansion of manufacturing capacity, distribution, and international growth.

Riverwood Capital invested R$ 160 million (US$ 33 million) to acquire a minority stake in Amigo Tech, a healthcare software startup serving clinics and doctors. The investment was made using capital from Riverwood’s most recent fund.

Volaris Group announced the acquisition of Metadados, a Brazilian provider of human capital management (HCM) software. Metadados will continue to operate as an independent business unit within Volaris, which is an operating group of Constellation Software Inc.

Ferrara Candy Company (a Ferrero-related company) agreed to acquire Dori Alimentos, a Brazilian manufacturer and distributor of sweets and snacks, in a transaction executed through Ferrara’s holding company CTH. Dori is a family-controlled business backed by an affiliate of ACON Investments, which completed a full divestment of its interest. Financial terms were not disclosed, and the deal was expected to close in the fourth quarter of 2023 subject to customary conditions.

Alares, a telecommunications services operator backed by Grain Management, acquired São Paulo-based internet provider Webby Internet. The deal supports Alares’ inorganic expansion and consolidation strategy, strengthening its presence in the State of São Paulo and marking its entry into the State of Paraná.

Paine Schwartz Partners portfolio company Kynetec completed three add-on acquisitions: MQ Solutions, Systematics International Ltd, and CM Research. The deals expand Kynetec’s agricultural and animal health data and analytics capabilities across price monitoring, machinery data exchanges, and animal health market research.

Nestlé Brasil entered into an agreement to purchase the CRM Group, owner of the Kopenhagen and Brasil Cacau chocolate retail/franchise businesses, by acquiring the entire stake held through FIP Dutch. The sellers are funds managed by Advent International, and the deal is subject to Brazilian antitrust approval (CADE) with expected closing in 2024; financial terms were not disclosed.

An affiliate of H.I.G. Capital sold a portion of its stake in Eletromidia, Brazil’s leading out-of-home (OOH) media company, to Grupo Globo. The transaction results in Globo taking a minority position while H.I.G. remains Eletromidia’s largest shareholder.

Crenlo Engineered Cabs, a portfolio company of Angeles Equity Partners, sold Taxi Brazil Holdings, B.V., which holds its Brazilian division Crenlo do Brasil, to an affiliate of JOST Werke SE. The divestiture allows Crenlo to focus resources on its North American off-highway vehicle OEM manufacturing operations. Crenlo do Brasil is headquartered in Guaranésia, Minas Gerais and manufactures engineered operator cabs and attachment fabrications for off-highway vehicle markets.

Volaris Group announced the acquisition of GOVERNANÇABRASIL – GOVBR, a Brazilian provider of public administration and management software. GOVBR will continue to operate as an independent business unit within Volaris, strengthening Volaris’ presence in the government administration vertical in Brazil.

Duravant LLC formed Duravant Brazil LTDA and, in conjunction, acquired a majority stake in BVSP LTDA. BVSP manufactures parts and components for processing machinery and provides aftermarket service for poultry processing lines, strengthening Duravant’s local sales, spare parts, and technical service capabilities in Brazil.

H.I.G. Capital announced that an affiliate has completed the sale of Elekeiroz, a Brazilian specialty chemicals manufacturer, to Oswaldo Cruz Química. Elekeiroz produces oxo-alcohols, plasticizers, phthalic & maleic anhydrides, sulfuric acid and other by-products, and is headquartered in Várzea Paulista, São Paulo, Brazil.

All4Labels Global Packaging Group, a Triton Fund V portfolio company, signed an agreement to acquire 100% of LabelPress Industria e Comercio da Amazonia Ltda. The deal expands All4Labels’ presence into northern Brazil (Manaus) and strengthens its position in the durable labels market, with LabelPress’ CEO continuing to manage the business. Transaction terms were not disclosed and closing is subject to customary conditions including regulatory approval.

Accenture has acquired Morphus, a privately held Brazil-based provider of cyber defense, risk management and cyber threat intelligence services. The deal expands Accenture Security’s capabilities and footprint in Brazil and Latin America, adding Morphus Labs and more than 230 cybersecurity professionals; financial terms were not disclosed.

VAG, a portfolio company of AURELIUS Equity Opportunities SE & Co. KGaA, acquired Brazil-based valve manufacturer FKB Válvulas as an add-on acquisition. The deal expands VAG’s product offering in penstocks and knife gate valves and strengthens its presence in Brazil while supporting broader global customer expansion.

Newfold Digital completed the acquisition of Brazilian e-commerce platform DLoja Virtual. The deal expands Newfold’s commerce offerings in Brazil, providing an online store builder with local payment gateway and shipping integrations to support HostGator Latin America customers.

Vision Blue Resources Limited and The Energy & Minerals Group invested US$150 million in Serra Verde Pesquisa e Mineração Ltda., a Denham Capital portfolio company developing a rare earth element mining and processing operation in Brazil. The financing is expected to fully fund Serra Verde through production and cash flow generation, while also providing capital for optimization and expansion activities. Following the investment, Serra Verde announced new leadership and board appointments including Sir Mick Davis as Chair and Thras Moraitis as CEO.

Sterling Check Corp. (NASDAQ: STER) announced it has acquired Socrates Ltd., the largest independent background screening company in Latin America. The deal expands Sterling’s geographic presence into Latin America to support growing regional hiring needs across multinational and local clients. The transaction was fully funded using cash on Sterling’s balance sheet.

Siguler Guff & Company, LP made a R$150 million growth equity investment in Verzani & Sandrini, Ltda. (V&S), a Brazilian provider of facilities management, security, and maintenance services. The investment is intended to support V&S’s continued expansion, including additional acquisitions, in Brazil’s fragmented business services market.

Calibre Scientific acquired Carvalhaes, a Brazilian distributor of laboratory consumables and scientific equipment. The deal marks Calibre Scientific’s first acquisition in Latin America and expands its global life-sciences distribution platform in Brazil.

L Catterton’s Latin America fund entered into an agreement to make a significant investment in CantuStore, an omnichannel aftermarket tire retailer and distributor in Brazil. Transaction terms were not disclosed, and the deal is expected to close in the fourth quarter of 2022 subject to customary closing conditions.

Rototech, backed by Quadrivio Group’s Industry 4.0 Fund, acquired a majority stake in Tecnotri Indústria de Plásticos Ltda, a Brazilian rotational-moulding plastics manufacturer. The acquisition expands Rototech’s presence in Brazil and broadens its product offering and local production capabilities for automotive truck and farming machinery customers. Tecnotri founder Leonardo Segatt retains a minority stake and the existing management team will continue to run the business.

Katalyst Data Management completed its previously announced acquisition of Geopost Energy, a Rio de Janeiro-based provider of subsurface data analysis and a Virtual Data Room platform for the E&P market. Katalyst plans to continue investing in Geopost’s technology stack, including the Market Watch Portal, and to expand its geographic reach, with Geopost President Christiano Lopes joining Katalyst as Vice President, South America.

Volaris Group announced the acquisition of Equiplano, a provider of public administration software serving local governments in Paraná, Brazil. Equiplano will continue to operate as an independent business unit within Volaris Group, expanding Volaris’ footprint in Brazil’s public-sector software vertical.

Semantix, Inc. (NASDAQ: STIX) acquired Zetta Health Analytics S.A., a Brazilian health tech company focused on healthcare data analytics and proprietary SaaS data solutions. The acquisition is intended to expand Semantix’s healthcare capabilities by complementing its Semantix Data Platform and strengthening its healthcare vertical with Zetta’s AI-enabled dashboards and analytics products.

Thoughtworks, a global technology consultancy, completed the acquisition of privately held Handmade Design, a Brazil-based innovation-through-design consultancy. The deal is intended to expand Thoughtworks’ customer experience (CX) and product design capabilities in Brazil to better serve clients globally. Financial terms were not disclosed.

Semantix, Inc., a Latin America-focused integrated data platform company, completed its previously announced business combination with Alpha Capital (Nasdaq: ASPC), a technology-focused SPAC. Following shareholder approval on August 2, 2022, Semantix began trading on Nasdaq on August 4, 2022 under the ticker symbols “STIX” and “STIXW”. The transaction provides gross proceeds intended to support Semantix’s product portfolio enhancements and international expansion.

Accenture acquired Tenbu, a São Paulo-based cloud data firm specializing in analytics, big data and machine learning solutions for intelligent decision-making and planning. Tenbu’s team of approximately 170 data specialists will join the Data & AI team within Accenture Cloud First. Financial terms were not disclosed.

Darling Ingredients Inc. has completed the acquisition of FASA Group, described as Brazil's largest independent rendering company. The deal was previously announced in May 2022 for approximately R$2.8 billion in cash (about $542.6 million), plus closing adjustments and a contingent payment tied to future earnings growth. The acquisition includes 14 operating plants (and two under construction) that process more than 1.3 million metric tons annually, supporting Darling’s specialty ingredients and renewable fuels feedstock strategy.

WPP announced it is acquiring Corebiz, a leading Latin American ecommerce agency specializing in VTEX implementations. The deal is intended to strengthen WPP’s digital commerce capabilities in Latin America, with Corebiz’s Brazilian operations joining WPP’s VMLY&R COMMERCE global network and other regional outposts to follow over the next year.

Care Access acquired Instituto Brasil de Pesquisa Clínica (IBPClin), a clinical trial center based in Rio de Janeiro, to expand its decentralized clinical trial (DCT) delivery model into Latin America. The deal is positioned as Care Access’s first major step in global expansion, enabling broader trial access for hard-to-reach and underrepresented communities across the region.

HID Global acquired ACURA, a Brazilian manufacturer and reseller of RFID hardware products, to expand HID’s RFID portfolio and strengthen its presence in Brazil and broader Latin America. ACURA will continue operating as a separate business unit within HID Global’s Identification Technologies business area, adding local manufacturing and operations capabilities in Brazil.

Despegar.com, Corp. completed its acquisition of 100% of TVLX Viagens e Turismo S.A. (Viajanet), a Brazilian online travel agency. The total consideration is approximately US$15.5 million, subject to customary post-closing adjustments, with payments structured over multiple installments through June 2025.

CI&T (NYSE: CINT) acquired 100% of BOX 1824 PLANEJAMENTO E MARKETING LTDA ("Box 1824"), a future-focused strategic consulting firm headquartered in São Paulo, Brazil. The acquisition is intended to strengthen CI&T’s global strategic capabilities by adding Box 1824’s proprietary 3D (Detect, Decode, Direct) methodology and its team of senior business strategists, while Box 1824 continues to operate independently under its existing CEO, Paula Englert.

Afya Limited acquired 100% of Glic through its wholly owned subsidiary Afya Participações S.A. Glic provides a free diabetes care and management app for physicians and patients, and the deal supports Afya’s digital services strategy by expanding into the physician-patient relationship pillar. The enterprise value was R$22 million paid in cash, with a potential earn-out of up to R$12 million tied to 2023–2024 revenue goals and product development/integration milestones.

Afya Limited acquired 100% of CardioPapers through its wholly-owned subsidiary Afya Participações S.A. CardioPapers is a cardiology-focused medical content and education platform offering physician-developed courses and books, strengthening Afya’s content, technology, and digital ecosystem in medical education. The enterprise value was R$35.0 million paid in cash, with an additional earn-out of up to R$15.0 million tied to 2023–2024 performance goals.

ACON Investments, through affiliates of ACON Latin America Opportunities Fund V, L.P. (ALAOF V) and co-investors, acquired an equity stake in Sapore S.A., a leading corporate foodservice and facilities management provider in Brazil. The investment will support Sapore’s existing shareholders and management team and fund expansion and technological innovations as the company prepares for a potential public market offering. Financial terms were not disclosed.

VAG, a portfolio company of AURELIUS Equity Opportunities SE & Co. KGaA, closed the acquisition of RTS, a Brazil-based supplier and manufacturer of valve solutions. The deal expands VAG’s geographic reach and complements its product portfolio, strengthening its offering in water treatment/distribution, wastewater management, dams and hydropower across Brazil and Latin America.

The Kraft Heinz Company completed its acquisition of a majority stake in Companhia Hemmer Indústria e Comércio (Hemmer), a Brazilian food company focused on condiments and sauces. The deal was approved without restrictions by CADE, Brazil’s antitrust authority, and is intended to support Kraft Heinz’s Taste Elevation strategy and expansion in emerging markets, leveraging Kraft Heinz’s distribution network in Brazil.

GEP agreed to acquire COSTDRIVERS, a supply markets forecasting, pricing trends, and cost-modeling platform, along with procurement intelligence and data science firm Datamark Ltd. The transaction is being executed through the acquisition of Datamark Ltd.’s parent company, Datamark International (Bermuda) Ltd., and is expected to close in Q1 subject to regulatory approvals.

Afya Limited, through its wholly owned subsidiary Afya Participações S.A., closed the acquisition of 100% of Além da Medicina, an online medical content and education platform for physicians and medical students in Brazil. The deal was valued at R$16.0 million enterprise value paid fully in cash, with an additional earn-out of up to R$19.2 million tied to 2023–2024 revenue targets.

All4Labels Global Packaging Group, a Triton Fund V portfolio company, signed an agreement to acquire Flexoprint Labels S/A, making Flexoprint a 100% subsidiary of All4Labels. The Stange Warmeling and Schlickmann families will become co-shareholders in All4Labels, and Flexoprint’s owners will continue to manage the business while taking roles in All4Labels’ Latin America organization. The deal is expected to close in Q2 2022, subject to regulatory approvals, and represents All4Labels’ fifth add-on supported by Triton.

Petz, Brazil’s largest pet retail chain, announced the acquisition of Petix, a premium and sustainable dog pad manufacturer, including its U.S. division, WizSmart by Petix. The deal adds WizSmart to Petz’s U.S. pet brand portfolio as Petz plans to expand manufacturing capacity, broaden the product line, and invest in marketing to grow the brand in the United States and beyond.

Arco Platform Limited (Arco) announced it has acquired in Brazil the PGS K-12 bilingual courseware/teaching methodology solution and the Mentes do Amanhã K-12 supplemental solution from Pearson Education do Brasil Ltda. The acquisition expands Arco’s supplemental education portfolio, adding offerings focused on English as a Second Language and 21st-century skills.

Grupo Torresur (GTS) signed an agreement to sell its portfolio company São Paulo Cinco Locação de Torres Ltda. (SP5), comprising 2,115 telecommunications towers in Brazil, to IHS Holding Limited for US$315 million on a cash- and debt-free basis. Following the transaction, GTS will continue to own and operate approximately 2,800 towers in Brazil through its original platform São Paulo Locação de Torres Ltda. (SPT). The deal is subject to regulatory approvals and is expected to close in Q1 2022.