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
Advent International sells Deutek to Axxess Capital
Value of transaction: Not made public
Legal team, buyer: Costea Craiciu, KPMG (financial)
Legal team, seller: CMS Cameron McKenna, Raiffeisen Investment Romania (financial)
Private equity group Advent International sold local paint producer Deutek to the Emerging Europe Accession Fund (EEAF) of Axxess Capital. Advent International acquired Deutek in 2005 and supported its regional expansion into Ukraine, Bulgaria and Moldova. Deutek Romania had a turnover of around EUR 26 million in 2012 and 340 employees.