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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Deloitte: Romania's M&A market looks "promising" after EUR 1.2 bln in H1

The mergers and acquisitions (M&A) market in Romania is estimated at approximately EUR 1.2-1.4 bln, including all the transactions with a price declared and not officially declared, compared to a value between EUR1.0-1.2 bln in the same period of 2020, Deloitte data show.

The figures should be taken with a grain of salt, though, as most of the transactions have an estimated price, most of them are external deals (change of foreign owners), and one regional deal is fully assigned to Romania - which artificially boosts local market's volume.

The reported transactions alone totaled only EUR 485 mln, compared to EUR 572 mln last year.

The number of transactions indeed increased to 54 in the first half of this year, compared to 42 in the same period of last year.

"The year 2021 looks promising in terms of M&A activity, given the enthusiasm in the local business environment," says Radu Dumitrescu, Financial Consulting Coordinating Partner, Deloitte Romania.

The list of the largest transactions in the first half of 2021 includes London-based Novalpina Capital taking over MaxBet Romania (from another British owner) for an estimated value of EUR 250 mln; Glovo's acquisition of Delivery Hero (Food Panda) operations in the Balkans for a reported value of EUR 170 mln (a six-country deal assigned by Deloitte to Romania's M&A market entirely); US-based Adventum investment fund acquiring Hermes Business Campus from Belgium's Atenor for an estimated value of EUR 150 mln; Hidroelectrica's takeover of Crucea Wind Farm and Steag Energie wind farms for a reported value of EUR 130 mln.

The most active sectors by the number of transactions were real estate (including construction), technology and financial services. Together, they generated 24 transactions.

As regards the value of transactions, the most active sector was real estate, followed by energy and financial services.

(Photo: Designer491/ Dreamstime)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Deloitte: Romania's M&A market looks "promising" after EUR 1.2 bln in H1

The mergers and acquisitions (M&A) market in Romania is estimated at approximately EUR 1.2-1.4 bln, including all the transactions with a price declared and not officially declared, compared to a value between EUR1.0-1.2 bln in the same period of 2020, Deloitte data show.

The figures should be taken with a grain of salt, though, as most of the transactions have an estimated price, most of them are external deals (change of foreign owners), and one regional deal is fully assigned to Romania - which artificially boosts local market's volume.

The reported transactions alone totaled only EUR 485 mln, compared to EUR 572 mln last year.

The number of transactions indeed increased to 54 in the first half of this year, compared to 42 in the same period of last year.

"The year 2021 looks promising in terms of M&A activity, given the enthusiasm in the local business environment," says Radu Dumitrescu, Financial Consulting Coordinating Partner, Deloitte Romania.

The list of the largest transactions in the first half of 2021 includes London-based Novalpina Capital taking over MaxBet Romania (from another British owner) for an estimated value of EUR 250 mln; Glovo's acquisition of Delivery Hero (Food Panda) operations in the Balkans for a reported value of EUR 170 mln (a six-country deal assigned by Deloitte to Romania's M&A market entirely); US-based Adventum investment fund acquiring Hermes Business Campus from Belgium's Atenor for an estimated value of EUR 150 mln; Hidroelectrica's takeover of Crucea Wind Farm and Steag Energie wind farms for a reported value of EUR 130 mln.

The most active sectors by the number of transactions were real estate (including construction), technology and financial services. Together, they generated 24 transactions.

As regards the value of transactions, the most active sector was real estate, followed by energy and financial services.

(Photo: Designer491/ Dreamstime)

andrei@romania-insider.com

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