The year 2024 proved to be challenging for the entire Brazilian market, permeated by instability and uncertainty regarding the performance of the national economy. The country's mergers and acquisitions market followed this trend, with 722 transactions announced in 2024, a drop of 21.8% compared to the previous year. However, the total value of transactions increased in 20%, jumping from USD 37.5bn to USD 45bn, reflecting a market appetite for larger transactions.

Among the year's most notable transactions is the purchase of Selene, a socks and underwear brand, by the leading intimate fashion group DeMillus, advised by Volt Partners.