This report, published in association with Marsh, highlights the drivers for deals and the challenges that dealmakers face across the region; identifies the leading sectors and transactions; the rationales behind the largest deals so far in 2026; as well as exploring what the remainder of the year could hold for the market.

Highlights include:

• The value of deals targeting Latam assets during the first half of 2026 was US$60.4bn – a 14% increase compared to H1 2025. Deal volume stood at 581 deals, a decrease of 16% compared to the same period in 2025.
• Brazil saw significantly more deal activity than any other Latam country during the first half of 2026. Dealmakers in the country announced 352 deals valued at US$30.61bn; this was down 18% by volume on the first half of 2025, but up 5% by value.
• The energy, mining and utilities (EMU) sector posted the highest deal value across all industries in H1 2026 (US$23.7bn), 18% more than in the first half of last year.
• Private equity (PE) dealmakers announced fewer transactions during the first half of 2026 compared to same period in 2025 – 69 deals in all, down from 88. However, many of those deals were larger; overall, PE deal activity in Latin America totalled US$14.2bn during the first half, 44% up on the same period of 2025.