The mergers and acquisitions (M&A) market in Romania was “solid” in Q3 this year, with 29 deals closed in the period, one more compared to the same period of last year, Deloitte Romania announced.
“For the rest of the year, we anticipate the market will remain active, as a significant number of M&A projects are in progress in various industries,” said Ioana Filipescu Stamboli, corporate finance partner, Deloitte Romania. She also mentioned an increased appetite for acquisitions from the private equity funds which are active on the local market, especially in fields such as specialised retail, medical services or manufacturing.
However, the estimated total volume of transactions (including those not fully disclosed) was €650mn-850mn, down by half from last year — but this was due to higher than usual M&A activity in the same quarter last year when the volume hit €1.4bn-1.6bn, Deloitte explained.
Only one transaction of over €100mn was announced during this period, compared to six in the third quarter of 2018.