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Value of the mergers and acquisitions in Romania, on the rise

The market of mergers and acquisitions in Romania has reported a total value of EUR 809 million in the Q3 this year, more than double than in the Q2, when it mounted to EUR 391 M.

According to Deloitte estimates, the total market value, including transactions whose value has not been revealed, ranged from EUR 1.4 billion to EUR 1.6 billion, about 15% more than in the Q3 in 2017.

According to Ioana Filipescu, Partener Corporate Finance, Deloitte Romania, the transactions concluded in the Q3 are the ones started in the first months of 2018 based on the 2017 figures that have been good in all sectors.

There have been 27 monitored transactions in the Q3, with only one third of them had the value officially announced, compared to 28 transactions in 2017.

Which have been the largest transactions in Q3 this year?

Zentiva’s acquisition by Advent International, estimated to EUR 287 million is one of them, followed by Agricost’s takeover by Al Dahra, dubbed as the largest transaction in the Romanian agricultural sector, with a value of EUR 200 million.

Another transaction was the sale of 7.5%  of UiPath to a investor consortium led by Sequoia Capital (EUR 194 M).

Among the largest transactions of the year, there is also the one when Paval brothers (owners of Dedeman) bought the Bridge office project from Forte Partners, but also the Urgent Cargus’ sale to Abris. The value of the deals have not been disclosed in any of the last two cases.

The Deloitte representative says that the merger and acquisition market remains intense, while strategic investors are more and more willing to invest sums of over EUR 100 million per transaction.

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