May 2026 | Top M&A Deals in Brazil

Brazilian asset manager Quadra Capital has signed a memorandum of understanding to acquire a portfolio of equity stakes and credit claims with a reference value of BRL 15bn (USD ~2.9bn) from state-controlled Banco de Brasília (BRB), Reuters reported. The proposed structure includes an upfront payment of approximately BRL 3bn–4bn, with the remainder to be held in subordinated quotas of a newly created investment fund, and remains subject to central bank review or non‑objection. The assets were previously held by liquidated lender Banco Master and exclude holdings tied to its former controllers. The transaction is intended to strengthen BRB’s capital position and liquidity while providing Quadra with exposure to low‑liquidity assets aligned with its special-situations strategy.