Looking at sellers by geography, 66% were from Brazil, followed by Chile at 14%, Mexico at 11% and Argentina at 4%. Other noteworthy countries include Colombia and Uruguay.  

As for the buyers, 43% were based in Brazil, followed by the US at 19%, and Chile at 6% and Canada at 5%. Acquirers headquartered in Australia and the United Kingdom each represented 3% of total transactions. Dealmaking remained highly international with 50% of transactions being cross-border.