Portugal’s M&A deal value reaches €606M in 2026
Up to February 2026, Portugal’s transactional market recorded 73 deals, amounting to a total of €606 million. Of these, 23% disclosed their values, according to the latest report by TTR Data. These figures represent a 29% decline in the number of transactions compared to the same period in 2025, as well as a 3% decrease in deployed capital.
From a sector perspective, internet, software & IT services was the most active sector in 2026, with 13 transactions. In February, 29 mergers and acquisitions were recorded, both announced and completed, with a total value of €162.28 million.
Cross-border activity
In cross-border terms, Spain was the country that invested the most in Portugal during the period, accounting for five transactions. Portuguese companies chose Spain and the United Kingdom as their main investment destinations, with nine and four transactions, respectively.
Foreign acquisitions in the technology and internet sector fell by 25% compared to the same period in 2025.
Private equity, venture capital and asset acquisitions
In February 2026, 11 private equity transactions were recorded, representing a 26% drop in the number of deals compared to the same period in 2025.
In venture capital, 10 investment rounds were completed, totalling €133 million, representing a 19% increase in total invested capital.
In the asset acquisitions segment, 17 transactions were recorded with a value of €159 million, representing a 38% increase in deployed capital.
Deal of the month
The transaction highlighted by TTR Data in February 2026 was the acquisition of P&R Têxteis by Sogepoc. The value of the transaction was not disclosed. The deal received Portuguese law legal advice from CS’Associados. Financial due diligence was carried out by EY.
Financial and legal advisors rankings
The report publishes the rankings of financial and legal advisors up to February 2026 in M&A, private equity, venture capital and capital markets, reflecting advisors’ activity by number of transactions and total value.
In the legal advisors ranking, by number of transactions and by value, Vieira de Almeida leads so far in 2026, with five transactions and €70 million.
In the financial advisors ranking by number of transactions, Forvis Mazars Group and BBVA lead with one transaction each.
