Mergers & acquisitions (M&A)

Oct 10Official filingCapital Markets & M&AStocksM&A

BlackRock raises Gerdau preferred stake to 10.025%

Investment manager BlackRock raised its shareholding in preferred shares of Brazilian steelmaker Gerdau, according to a filing sent to CVM, Brazil's securities regulator. Gerdau received the formal notice on October 8, 2026.

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• On October 6, 2026, BlackRock raised its stake in Gerdau S.A. to 126,422,405 preferred shares, representing 10.025% of all preferred shares issued by the company.
• The holdings comprise 114,199,018 direct shares and 12,223,387 ADRs, alongside 3,919,122 cash-settled derivatives representing 0.311% of preferred shares.
• BlackRock informed the CVM, Brazil's securities regulator, that the stake is for investment only, with no agreement modifying control or voting rights.

Sources:CVM - Documentos IPE (PDF)

Oct 10Official filingCapital Markets & M&AStocksM&A

Arandu Partners launches tender offer to delist Arandu Investimentos

Controlling shareholder Arandu Partners Holding launched a public tender offer on October 9, 2026, to acquire up to all remaining common shares of Arandu Investimentos. The transaction aims to cancel Arandu Investimentos' public company registration and exit B3's Novo Mercado segment, per disclosures filed with CVM, Brazil's securities regulator.

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• Arandu Partners Holding launched a tender offer to acquire up to all remaining common shares of Arandu Investimentos, aiming for deregistration and exit from Novo Mercado.
• The tender offer auction will take place on October 29, 2026, with Terra Investimentos serving as the intermediary institution and guarantor.

Sources:CVM - Documentos IPE (PDF)

Oct 10Official filingCapital Markets & M&AStocksM&A

BlackRock builds 5.005% stake in Brazil's Copasa MG

BlackRock acquired common shares in sanitation utility Copasa MG, reaching 19,032,687 common shares on October 6, 2026. The holding represents 5.005% of total common shares, alongside 71,001 equity derivative instruments equal to 0.019% of common shares, according to a filing with CVM, Brazil's securities regulator.

• On Oct 6, 2026, BlackRock increased its holding in Copasa MG to 19,032,687 common shares, representing approximately 5.005% of the total common shares issued by the company.
• BlackRock also holds 71,001 cash-settled derivative instruments referenced to common shares, representing about 0.019% of Copasa MG's common shares.
• BlackRock stated the holding is strictly for investment purposes, with no intention to alter corporate control, according to a notice to CVM, Brazil's securities regulator.

Sources:CVM - Documentos IPE (PDF)

Oct 10Capital Markets & M&ATechStocksM&A

Vela LatAm awaits antitrust approval to acquire IT provider Penso

Vela LatAm, the Brazilian unit of Canada's Constellation, agreed to acquire IT and cybersecurity provider Penso for an undisclosed sum, pending clearance from CADE, Brazil's antitrust authority, in its sixth deal in the country in 2026.

• Penso serves around 1,600 corporate and public clients, employing 270 workers across five datacenters in Brazil.

Sources:Startups.com.br

Oct 10Capital Markets & M&AStocksM&A

Brazilian M&A deal value rises 11% to R$ 210.7 billion despite lower volume

Mergers and acquisitions in Brazil reached R$ 210.7 billion across 834 transactions from January to August 2026, marking an 11% rise in overall transaction value despite a 31% drop in the total number of deals compared to the previous year.

• Middle-market transactions represent roughly 70% of total M&A deal volume globally, according to PitchBook data.

Sources:Money Times