Mergers & Acquisitions

Ilha Capital is a Brazilian M&A boutique focused on local and cross-border transactions on both the buy-side and sell-side.

Strategic Advisory

Preparing companies for mergers and acquisitions through governance, positioning, and readiness advisory.

Sell-Side M&A

Preparing businesses for partial or full exits, engaging buyers, managing negotiations, and guiding sale processes through signing.

Capital Raising

Structuring capital raises and engaging investors aligned with strategy, timing, growth plans, and capital needs.

About Us

Mergers & Acquisitions

Ilha Capital is a Brazilian M&A boutique focused on local and cross-border transactions on both the buy-side and sell-side.

About Us

Strategic Advisory

Preparing companies for mergers and acquisitions through governance, positioning, and readiness advisory.

Strategic Advisory

Sell-Side M&A

Preparing businesses for partial or full exits, engaging buyers, managing negotiations, and guiding sale processes through signing.

Sell-Side M&A

Capital Raising

Structuring capital raises and engaging investors aligned with strategy, timing, growth plans, and capital needs.

Capital Raising

Overview

Ilha Capital is a Brazilian M&A advisory boutique focused on local and cross-border transactions. The firm provides analytically rigorous advice to companies, entrepreneurs, shareholders, investors, and acquirers, combining partner involvement with proprietary market intelligence and deep sector knowledge.

Ilha Capital supports clients across the full transaction lifecycle, from strategic preparation and opportunity assessment to negotiation, execution, and closing. Its work includes sell-side and buy-side M&A, capital raising, valuation, strategic advisory, and cross-border transactions connecting Brazil with global investors and counterparties.

Ilha Capital has advised over 50 companies since 2020, on transactions where judgment, discretion, and execution discipline determine the result.

About Us →
Itamaraty Palace staircase, Oscar Niemeyer, Brasília
Itamaraty Palace · Brasília · Oscar Niemeyer, 1970

Services

Sell-side M&A

Business preparation, buyer universe construction, and negotiation management, from first conversation through close.

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Buy-side M&A

Acquisition strategy, target mapping, discreet outreach, due diligence, and negotiation for acquirers.

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Capital Raising

Deal structuring, institutional-grade investment materials, and a targeted process reaching investors whose mandates match the opportunity.

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Valuation Services

Independent business valuations, built on transparent methodology and independence from conflicting interests.

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Strategic Advisory

Pre-transaction diagnostic and value-creation program for owners planning a sale or capital raising, typically 12 to 36 months before going to market.

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Cross-border transactions bring together different legal systems, governance standards, disclosure practices, and decision-making timelines. Ilha Capital advises on both sides of the border, in Portuguese, English, and Spanish.

The team combines experience in North American capital markets, Brazilian M&A advisory, and Latin American cross-border transactions. It has worked across the United States, Mexico, Chile, Colombia, and Brazil, and structures transactions under Brazil’s financial regulatory framework.

  • Outbound from BrazilAcquisitions and partnerships abroad, capital raising from international investors, and sell-side processes aimed at foreign acquirers.
  • Inbound to BrazilEntry into the Brazilian market through acquisition, minority investment, or strategic partnership, including corporate structuring and coordination with the investor’s legal and audit advisors.
  • Execution across jurisdictionsAligning the parties on legal, accounting, and governance standards, coordinating counsel on both sides, and conducting negotiations in Portuguese, English, or Spanish.

Leadership

We believe in building strong, lasting relationships - with our clients and our investors. Michael Fraser & Fergus Martin
Michael Fraser

Michael Fraser

Founding Partner

Advises on M&A and capital raising across the United States and Latin America, with a focus on cross-border transactions between Brazil, North America, and Europe.

Fergus Martin

Fergus Martin

Founding Partner

Advises on M&A and cross-border transactions, with a focus on valuation, financial services, payments, and Brazilian financial regulation.

Insights

Market Oct 2026

Defending Quality of Earnings

A buyer pays for the EBITDA it can verify, not the EBITDA you report. How a quality of earnings review turns your number into a price, and the adjustments that weigh more in Brazil.

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Market Aug 2026

Private Equity in Brazil, Part 3 of 3: Diverging Bets

Third and final part on the state of Brazilian private equity in 2026: who is betting on Brazil, who is stepping back, and what that split means for global funds in 2026 and 2027.

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Market Aug 2026

Private Equity in Brazil, Part 2 of 3: The Local Recipe

Second of three parts on the state of Brazilian private equity in 2026: how Brazilian returns actually get made, and why the rest of the world is now being forced to learn the same craft.

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All insights →