Mergers & acquisitions (M&A)

Oct 15Official filingConsumo CíclicoStocksM&A

BlackRock buys 5.055% stake in Cogna Educação

The asset manager acquired 104,345,370 common shares in Cogna, reaching 5.055% of the total, alongside 6,822,515 cash-settled derivatives equal to 0.331%, according to a filing with the CVM, Brazil's securities regulator. BlackRock stated the holding is purely for investment and will not alter control or management.

COGN3

• BlackRock held 104,345,370 ordinary shares in Cogna Educação S.A. on October 9, 2026, reaching a 5.055% stake in total issued ordinary shares.
• The manager holds 6,822,515 cash-settled derivative instruments, representing 0.331% of total ordinary shares issued by the company.
• BlackRock declared the stake is strictly for investment purposes without intent to alter Cogna's control or management, per CVM, Brazil's securities regulator, Resolution 44/2021.

Sources:CVM - Documentos IPE (PDF)

Oct 15Official filingB3 FilingStocksM&A

SPX cuts Bemobi stake to 0.28% after selling relevant equity holding

The fund manager shed its major position in the tech company, retaining 239,567 common shares out of total equity, according to a B3 filing with the CVM, Brazil's securities regulator. SPX holds no derivatives or voting agreements tied to Bemobi.

• Funds managed by SPX Gestão de Recursos reduced their equity stake in Bemobi to 239,567 common shares, representing approximately 0.28% of total common shares.
• SPX stated to Brazil's securities regulator CVM that its funds hold no other securities or derivative financial instruments referenced to Bemobi shares.
• SPX confirmed there is no agreement regulating voting rights or the purchase and sale of securities issued by Bemobi Mobile Tech S.A.

Sources:CVM - Documentos IPE (PDF)

Oct 15Capital Markets & M&AStocksM&A

Getty Images prepares Chapter 11 bankruptcy after failed Shutterstock merger

The image platform announced on Oct 12, 2026, plans to file for U.S. bankruptcy protection and return to private ownership after merger talks with Shutterstock collapsed.

• Getty Images plans to return to being a private company.
• The announcement was made on Oct 12, 2026.

Sources:Exame

Oct 15Capital Markets & M&AStocksM&A

Antitrust regulator CADE approves stablecoin joint venture involving Visa and Mastercard

CADE, Brazil's antitrust authority, cleared a joint venture between Visa, Mastercard, Coinbase, Stripe, and Shopify to issue a U.S. dollar-backed stablecoin.

• The partnership brings together Visa, Mastercard, Coinbase, Stripe, and Shopify.
• The project focuses on creating a dollar-pegged stablecoin.

Sources:Exame

Oct 15M&AStocksM&A

Embraer acquires majority stake in Indian aerospace firm NAL

Embraer confirmed on Oct 14 an agreement signed on Oct 9 to purchase 51% of India's Novavayu Aerospace Limited for 510 million rupees (approximately R$ 27 million). Former controlling shareholder Mahindra & Mahindra disclosed the transaction prior to the Brazilian planemaker's confirmation.

EMBJ3

• The deal values 51% of Novavayu Aerospace Limited at 510 million rupees.
• Mahindra & Mahindra, the former controlling entity of NAL, initially disclosed the agreement.

Sources:Folha de S. Paulo (Mercado)

Oct 15M&ATechStocksM&A

Biotech startups drive sixfold surge in reverse mergers to secure stock listings

Biotech companies increased reverse merger transactions nearly sixfold this year to bypass traditional initial public offering routes. Promising startups are acquiring struggling publicly traded shell companies to gain immediate access to stock exchanges.

• Reverse merger transactions among biotech firms expanded by nearly six times year over year.
• Startups use distressed public companies as vehicles to expedite listing processes.

Sources:Folha de S. Paulo (Mercado)