Romania continues to prove itself a stable provider of deals and overall M&A activity went up by 10% y-o-y to 143 transactions. Deal value came down from the record levels seen in the preceding year, but the market still recorded more than ten deals over EUR 100m. The country has positioned itself well for international investors and there remains a healthy interest from investors from the US and western Europe.
Activity in the wholesale & retail sector has trended upwards with the sector more than doubling total deals and recording 22 deals in 2019, up 13 y-o-y. Still leading by some distance is the manufacturing sector with 28 deals. Both telecoms & IT and real estate & construction experienced a slight dip in activity.
Several large deals are in the pipeline in Romania, and expectations for a successful 2020 are high.
Volume and number of deals
Top five deals
| #1Target: Central European Media Enterprises (CME) assets in Romania Sector: Media & Publishing Stake: 100% Buyer: PPF Group Country of buyer: Czech Republic Deal Value: EUR 548,3m* Value Source: 1 *Deal value estimate based on CME’s 2018 revenues attributable to Romania. |
| #2Target: UiPath Sector: Telecoms & IT Stake: N/A Buyer: Coatue Management; Accel Partners; Sequoia Capital; Wellington Management Company; other Country of buyer: United States Deal Value: EUR 506,3m Value Source: 1 |
| #3Target: Banca Romaneasca Sector: Finance & Insurance Stake: 99.3% Buyer: EximBank Country of buyer: Romania Deal Value: EUR 307,3m Value Source: 1 |
| #4Target: Romanian office portfolio of NEPI Rockastle Sector: Real Estate & Construction Stake: 100% Buyer: AFI Group Country of buyer: Israel Deal Value: EUR 290m Value Source: 1 |
| #5Target: Superbet Sector: Other Stake: N/A Buyer: The Blackstone Group Country of buyer: United States Deal Value: EUR 175m Value Source: 1 |
Value Source:
- Official data
- Market estimate provided by EMIS and based on publicly available information
- EMIS estimate
Top three sectors
Manufacturing: 28 deals |
Wholesale & Retail: 22 deals |
Real Estate & Construction: 21 deals |
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