Deals of the year Leasing

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

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

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