July 2025 top M&A deals in emerging markets - Brazil

South America - Brazil
Brazilian real estate investment fund XP Log agreed to acquire the logistics portfolios of RBR Desenvolvimento Logístico and BRB Log for up to BRL 1.54bn (USD 281.4mn). The deal includes cash, assumption of liabilities, and a capital increase subscription of up to BRL 1.13bn. The transaction covers seven logistics properties totaling 380,449 m², with a 9.7% cap rate. The move strengthens XP’s presence in Brazil’s growing logistics real estate sector and will raise its logistics and industrial portfolio to BRL 8bn.