Company mergers and acquisitions fell 18% until July
Between January and July, the Portuguese transactional market moved around €4.8 billion, according to TTR Data. The sale of Matrizevidente was the highlight of last month.
Portugal recorded 309 mergers and acquisitions (M&A) in the first seven months of the year, which was still not enough to “green” the transactional market. The number of deals fell by 18% compared to the same period in 2024, according to data released by TTR Data.
Between January and July this year, M&A transactions involving national companies amounted to €4.8 billion. This is 41% lower than last year, but less than half (42%) of the transactions had their prices published.
The real estate sector remains the most active in 2025, with 53 transactions over the last seven months, followed by technology (Internet, software and IT services), with 35.
In the cross-border context, Spain and the US were the countries that made the most investments in Portugal (34 and 21, respectively). Portuguese companies also chose Spain and the US as their main investment destinations (21 and 11, respectively).
The private equity area remained stable, with 43 transactions recorded, representing a year-on-year decline of only 2%. The same performance was not seen in venture capital, as the 65 investment rounds totalling €440 million represented a 32% decrease in volume.
As for asset acquisitions, there were 77 transactions (-2%) totaling €2.1 billion.
The deal of the month was TotalEnergies’ sale of Matrizevidente to MM Capital Partners 2, Mizuho Leasing, and Daiwa Energy & Infrastructure for €178.5 million, according to analysts at TTR Data. The transaction was advised by law firms Morais Leitão and Uría Menéndez Portugal. As for financial advisors, although they were not involved in this specific purchase/sale, CFI Portugal and Banco Bradesco BBI lead the ranking for the year.
