M&A in the energy sector
M&A transactions in the energy sector in Brazil, even in a more restrictive macroeconomic context. Although transaction volume has declined due to the rising cost of capital and investor caution, the energy sector remains attractive, driven by the expansion of the renewable energy matrix and the growth in energy consumption.
Between January and April 2025, Brazil registered 537 investment transactions, totaling more than US$1.4 billion. The article addresses the growing complexity of contractual structures, which now seek to mitigate risks, adjust prices, and align technical deliverables with economic returns.
Finally, due diligence has evolved to include a more in-depth analysis of the regulatory history and contracts of assets, reflecting the growing sophistication of negotiations in the sector.