Mergers & acquisitions (M&A)

Oct 16Official filingTecnologia da InformaçãoTechStocksM&A

SFA Investimentos acquires 5.10% stake in Positivo Tecnologia

SFA Investimentos LTDA acquired 7,236,400 common shares of Positivo Tecnologia S.A., reaching a 5.10% equity stake, according to a filing submitted on Oct 15, 2026, to CVM, Brazil's securities regulator. The shares were purchased through four investment vehicles, including Porto SFA Master FIA and Porto SFA Pipe FIA.

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• SFA Investimentos reported to CVM, Brazil's securities regulator, that its investment vehicles reached 7,236,400 common shares in Positivo Tecnologia S.A., representing a 5.10% equity stake.
• The stake was built through Porto SFA Master FIA, Porto SFA Institucional Master FIA, Porto SFA Equity Hedge FIM and Porto SFA PIPE FIA.

Sources:CVM - Documentos IPE (PDF)

Oct 16Official filingB3 FilingStocksM&A

Petro-Victory cuts stake in Azevedo & Travassos Energia below 10%

Petro-Victory Energia LTDA cut its equity holding in Azevedo & Travassos Energia S.A. to 3,791,681 common shares, representing 9.48% of total capital, according to a notice filed on Oct 15, 2026, with CVM, Brazil's securities regulator. CEO and Investor Relations Director Ivan Carvalho signed the filing.

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• Petro-Victory Energia sold 309,500 common shares on B3, lowering its stake in Azevedo & Travassos Energia from 4,101,181 shares (10.25%) to 3,791,681 shares (9.48%).
• The shareholder stated the sale aimed at raising liquidity, with no intent to alter the control group or administrative structure of the company.
• Azevedo & Travassos Energia filed the notice on October 15, 2026, in compliance with Resolution 44 of CVM, Brazil's securities regulator.

Sources:CVM - Documentos IPE (PDF)

Oct 16Capital Markets & M&AStocksM&A

Fund Challenges Regulator's Order for Billion-Reals Oncoclínicas Tender Offer

Fund Josephina III filed a lawsuit in the 21st Federal Court of São Paulo seeking to annul an order by CVM, Brazil's securities regulator, requiring US manager Centaurus to launch a tender offer for Oncoclínicas. The administrative decision, made unanimously by CVM's board in August, established that Centaurus triggered a mandatory buyout clause after exceeding a 15% equity threshold in the cancer treatment network, overruling CVM's technical staff.

• Josephina III requested an injunction in the 21st Federal Court of São Paulo to suspend CVM's tender offer ruling.
• CVM's board ruled unanimously in August that Centaurus surpassed the 15% ownership threshold at Oncoclínicas.
• The lawsuit runs parallel to an ongoing arbitration proceeding between Josephina III and Latache Capital.

Sources:InvestNews

Oct 16M&AStocksM&A

Itaú Unibanco acquires 35% stake in alternative manager Prisma Capital

Itaú Unibanco signed an agreement to acquire a 35% preferred stock stake in Prisma Capital through a primary capital increase, leaving current partners with 65% and operating control. Prisma holds R$ 28 billion in assets under management and has deployed R$ 14 billion across 120 transactions since its founding in 2017.

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• Existing partners retain a 65% controlling stake in Prisma Capital following Itaú's entry.
• Prisma Capital oversees R$ 28 billion in assets under management across alternative investment strategies.

Sources:Money TimesLet's Money