Most mergers or acquisitions involved Fintechs;
17% of transactions were above R$ 50 million
This year movement may be even greater: 65% evaluate investing.
Despite and because of the pandemic, 2020 was an intense year in the M&A market, especially for deals involving large corporations, startups and small or medium-sized companies. 46% of large companies made contributions for acquisitions; 17% invested more than R$ 50 million and 58% between R$ 1 million and R$ 5 million. Among 75 investments mapped, 16 were in fintechs, 11 in IT companies and 8 in SaaS companies.
The data are from the “1st BR Angels/FirstCom Survey – Investments, Acquisitions and Maturity in Innovation”, carried out by BR Angels, a national association focused on angel investment and composed of C-Level executives working in large companies in different markets, in partnership with the public relations agency FirstCom Comunicação and ABES.
The survey was conducted with 104 CEOs, 74 of them associated with BR Angels, who lead large companies in different segments, such as retail, consumer goods, technology, finance, education and services.
“Our research showed that the pandemic acted as a fuel for digital transformation, leading large companies to increase their appetite for startups to accelerate digitization, incorporate new technologies and increase competitiveness. This year we can expect an even greater movement from corporations towards startups”, says Orlando Cintra, founder and CEO of BR Angels.
“In sectors such as finance, the advance of traditional institutions over startups was even more intense, a consequence of the increase in demand from consumers who started using mobile banking services or who opened an account for the first time. Companies with cloud services and retail digitization solutions were also heavily harassed,” adds Luis Claudio Allan, CEO of FirstCom.
Download the research report.
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