Romania’s market for mergers & acquisitions (M&A) has remained at around EUR 1 billion in 2013, driven by deals in the banking and renewable sector, although big investors have held back and are carefully planning moves for next year, say deal makers.
By Ovidiu Posirca
Leasing
Trendo Automotive buys Romexterra Leasing
Value of transaction: Not made public
Legal team, buyer: KPMG (financial)
Legal team, seller: Not made public
Trendo Automotive, controlled by International Leasing, acquired Romexterra Leasing in order to consolidate its own position on the market and improve its financial results. Romexterra Leasing had had its operations put on hold after posting significant losses
Raiffeisen Leasing acquires part of ING Lease Romania portfolio
Value of transaction: Not made public
Legal team, buyer: Schoenherr
Legal team, seller: Dentons
ING Lease Romania sold part of its leasing portfolio, with over EUR 30 million in assets, to Raiffeisen Leasing, in a bid to restructure its domestic business. Around 50 percent of the acquired portfolio comprises financing in the car segment, while equipment and real estate assets account for 31.6 percent and 18.7 percent, respectively. seogratis.org