Deals of the year Industry

Newsroom 11/12/2013 | 06:00

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

Industry

ALBA group AG buys Reukema Balkans

Value of transaction: Not made public

Legal team, buyer: Dentons

Legal team, seller: CMS Cameron McKenna

Germany’s Alba AG, a waste management and recycling company, took over the Balkan operations of Dutch Reukema, a recycling firm. The transaction included the acquisition of subsidiaries in Croatia, Bosnia-Herzegovina, Romania, Serbia and Montenegro.

 

Mitsui Chemicals acquires Heraeus Kulzer

Value of transaction: EUR 450 million

Legal team, buyer: bpv Grigorescu Stefanica represented the buyer in Romania. Lead legal counsel was Jones Day.

Legal team, seller: Not made public

Japanese Mitsui Chemicals acquired German Heraeus Kulzer, a dental materials business with around 1,400 employees in Europe, America and Asia. The global transaction involved 26 entities throughout Europe, America and Asia.

 

Kloeckner & Co SE sells local operations

Value of transaction: EUR 450 million

Legal team, buyer: Not made public

Legal team, seller: Schoenherr

German steel and metals distribution group Klockner & Co SE sold its local operations to UNIS Rohre and UNIS Fabrika Cijevi, producers of metal equipment based in Bosnia and Herzegovina. The German group also sold its operations in the CzechRepublic and Bulgaria.

 

Bregal Capital takes over Keston Boilers Limited

Value of transaction: Not made public

Legal team, buyer: Bulboaca & Asociatii

Legal team, seller: Not made public

London-based Bregal Capital, a private equity firm, took over Keston Boilers Limited, a leading British manufacturer of boilers and radiators, with subsidiaries in several jurisdictions, including Belgium, the Netherlands, Turkey and Romania.

 

Mitsubishi Chemical Holdings buys Qualicaps Co. from Carlyle Group

Value of transaction: Not made public

Legal team, buyer: PeliFilip, Cleary Gottlieb Steen & Hamilton (international counsel); Nishimura & Asahi (Japanese counsel); Garrigues (Spanish counsel); McCarthy Tetrault (Canadian counsel)

Legal team, seller: Not made public

Mitsubishi Chemical Holdings acquired Qualicaps Co. Ltd, a company active in the manufacturing and development of capsules for pharmaceutical and health & nutrition products from the Carlyle Group.

 

Poly-Clip Internationale Beteiligungen picks up two local companies

Value of transaction: Not made public

Legal team, buyer: Dentons

Legal team, seller: Not applicable

German-based Poly-Clip Internationale Beteiligungen, a leading player in the packaging industry, acquired 95 percent in two Romanian companies in a complex joint venture transaction.

 

Groupe Fabbri buys Starlift Romania

Value of transaction: Not made public

Legal team, buyer: Hammond Bogaru & Associates

Legal team, seller: Not made public

Luxembourg-based Groupe Fabbri companies Euromaxilift International and MGBS acquired Starlift Romania, a renter of construction platforms.

 

Blue Diamond Estate and Autoplast Engineering buy Aversa

Value of transaction: EUR 17.3 million

Bankruptcy administrator: RVA Insolvency Specialists and Activ Lichidator IPURL

Romania’s Aversa, the state-owned pump maker, was sold in a public tender to Blue Diamond Estate, a company controlled by Canadian businessperson Michael Topolinski. Aversa, one of the largest manufacturers of pumps in Europe, declared bankruptcy in January 2012.

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