Looking at sellers by geography, 56% were from Brazil, followed by Chile at 17%, Mexico at 11% and Argentina at 5%. Other noteworthy countries include Costa Rica and Uruguay. 

As for the buyers, 35% were based in Brazil, followed by the US at 22%, Chile at 7%, and Canada at 5%. Acquirers headquartered in Australia and Argentina each represented 4% of total transactions. Dealmaking remained highly international with 55% of transactions being cross-border.