TozziniFreire, a leading provider of legal services in Latin America, closed 2025 with outstanding performance in the transactional market. Recognition came through the Transactional Track Record (TTR) M&A Dealmakers ranking, which positioned partner Carlos Mello as the absolute leader. In addition, the firm ended last year as one of the Top 3 advisors in Brazil in terms of financial volume of mergers and acquisitions. This achievement was driven by some of the most emblematic transactions of the year, reaffirming the firm’s ability to lead highly complex and strategically impactful deals.
Among the notable transactions are the Marfrig’s merger with BRF and the J&F Investimentos’ acquisition of the remaining stake in Eldorado Brasil – respectively, the largest merger and the largest financing of the year.
TozziniFreire also stood out with significant activity in the capital markets, fixed income, and investment funds. Key milestones in 2025 included advising on the largest infrastructure fund follow-on of the year (Sparta), the first issuance of commercial notes, and the first Brazilian infrastructure debenture linked to foreign currency (Eldorado), reinforcing the versatility and leadership of the practice.
The transactions disclosed in these areas, with public values and TozziniFreire’s advisory, totaled more than BRL 66 billion (compared to approximately BRL 9.30 billion in 2024). Carlos Mello, head of TozziniFreire’s Corporate Group, commented: “We closed 2025 with transactions that marked the market and reinforced our leadership position. Today we are at our best structure to serve our clients and prepared to further consolidate the firm’s leading role in 2026.”
About TozziniFreire Advogados
TozziniFreire is a leading legal services organization in Latin America, operating in all areas of Business Law and with a relevant track record in serving local and foreign companies from the most diverse industries. With branch offices in several cities in Brazil (São Paulo, Rio de Janeiro, Brasília, Porto Alegre, and Campinas), including in New York, TozziniFreire strives to provide a unique standard of service quality and the same facilities to its clients throughout the country. We have played a key role in many of the most significant transactions in the Brazilian market, contributing to the growth of the country's economy in recent decades. The relevance of our work has been recognized by specialized national and international publications, considering independent research interviews with professionals from the largest companies in the world. TozziniFreire and its partners are constantly referred to as leaders handling notable matters in the most varied business law practices. For further information, follow us on our social media channels and check out our website at www.tozzinifreire.com.br.