The Brazilian transactional market recorded a total of 359 transactions and moved BRL 24.4bn in the first quarter of 2023.
The Internet, Software & IT Services sector was the most active in the period, with a total of 80 transactions, representing a decrease of 34% compared to the same period in 2022.
In second place is the Industry-Specific Software and Business & Professional Support Services sectors, with 48 transactions each.
The transaction highlighted by TTR Data in Q1 2023, was the sale by Banco Santander Brasil of 40% in WebMotors to CarSales.com. The transaction value is BRL 1.2bn.