The survey of nearly 400 executives across 14 countries globally showed technology, financial services and energy sectors leading the way and Mexico overtaking regional heavyweight Brazil for the top spot in M&A activity.
Nearly half of the executives who took part in the study said there had never been a better time for M&A opportunities in the region, even as risks still abound. Driven in part by its proximity to the U.S. and a nearshoring boom, Mexico was considered an attractive place to conduct business by 79% of the participants. That was followed by Brazil by 69% and Costa Rica by 54% of the participants, respectively.