The estimated value of the local mergers and acquisitions market was of between 4 and 4.4 billion euro in 2021, with 137 transactions worth more than 5 million euro, said Radu Dumitrescu, Financial Consulting Coordinating Partner, Deloitte Romania.
“The estimated value of the mergers and acquisitions market during 2021 was of between 4 and 4.4 billion euros. Here we have included both values for transactions for which information was provided in the public space and values estimated by us. As a trend, we note that fewer and fewer transactions are provided with value information, and last year we were able to identify values for about 38% of the number of transactions, which is about 2.3 billion euro… Romania is still a market in which investors are mainly looking to have control over the assets acquired, but we also notice an increase in those entrepreneurs who are looking to sell, to attract a minority partner to develop,” said Radu Dumitrescu.
According to an analysis conducted by Deloitte Romania, strategic investors were the most active buyers on the local mergers and acquisitions (M&A) market in 2021, with over 60% of the total number of transactions, followed by institutional and private investors (20%) and private equity firms (17%).
Of the foreign strategic investors involved in local market transactions, most are from France (18%) and Austria and Germany (16%). According to the analysis, other countries that were among the most active on the local market in previous years, such as the USA and the United Kingdom, had investors involved in 2021 in only 8%, respectively 3% of the number of transactions, according to Agerpres .
“The data refer to the 137 transactions with a value of over 5 million euros announced in 2021, according to the analysis of Deloitte Romania, a volume that marks a record level of the market in 2021. From the point of view of the total estimated value, calculated for both transactions with reported values, as well as for those with undisclosed values, the local market was of approximately 4-4.4 billion euro,” the study shows.
Among the transactions in which the buyers were strategic investors from France are the takeover of Duraziv by Saint-Gobain and the takeover of Frigotehnica and Megatech Trading & Consulting by Vinci Energies.
The analysis also shows that 2021 M&A transactions with notable cumulative values were recorded in the real estate sector (29% of total market value, down from 37% in 2020), followed by energy (14%, down from 22% in 2020) and technology (11%, down from 19% in 2020).