Looking at sellers by geography, 63% were from Brazil, followed by Chile at 14%, Mexico at 11% and Argentina at 4%. Other noteworthy countries include Colombia and Guatemala. 

As for the buyers, 37% were based in Brazil, followed by the US at 21%, and Chile and Canada at 6% each. Acquirers headquartered in Australia and Argentina each represented 3% of total transactions. Dealmaking remained highly international with 53% of transactions being cross-border.