The total value of dealmaking in Romania has exceeded EUR 3 billion, growing by 160 percent against 2014, according to an analysis by professional services firm PwC.
PwC said that local growth reflected the global trend for the mergers&acquisitions market.
“The last two years were very favorable for the M&A activity, taking into account the extremely low levels of interest rates around the world. It is estimated that this year, the developed nations in the G7 group, will register the highest GDP growth rate since 2010, which will no doubt have an impact on the M&A market. As this period of ‘cheap money’, if we can call it as such, is slowly coming to an end, investors will be looking for higher returns, taking into account more and more the opportunities on the stable emergent markets – such as the east-European countries”, stated Radu Stoicoviciu, Advisory Services and Deals Leader at PwC Romania.
The average deal value was EUR 26 million, and the most active sectors were industrial products and real-estate sectors.
“The year also started on a positive note after the announcement of large deals such as the sale of Albalact, Carpatica and McDonald’s Romania, so we expect that the local M&A market to remain on an upward path in 2016, with deals in sectors that were active in 2015 as well, such as banking or real-estate, but also in other industries; we expect for example for a continued consolidation in the healthcare services market, as well as an increase in transactions in agriculture”, stated Anda Rojanschi, partner, D&B David şi Baias, coordinator of the tax and legal services M&A team.
During the last year, PwC was involved in several significant deals, providing buy-side or sell-side advice, such as CRH buying Lafarge Romania, MidEuropa buying Regina Maria private healthcare service provider from Advent.
PwC acted as lead advisor in the sale of several companies of the CME media group in Romania and helped Transavia complete a deal that allowed it to consolidate its position on the market. Also, the firm assisted the North Star Shipping shareholders during the sale of the company to the American giant ADM.