This is a change of direction for the local mergers and acquisitions market, which traditionally had financial investors focus on large companies with tens or hundreds of millions of euros in revenue. The SMEs are therefore entering the radar of M&A investors.
The money raised mostly come from institutional investors like the European Investment Fund, as well as local entrepreneurs who have decided to support small Romanian businesses.
This development comes at a time when the M&A market Romania is still going strong. The upward trend started three or four years once the economy and consumer spending rebounded. Deloitte estimated the M&A market at EUR3.8 billion to EUR4.3 billion in 2018, including those deals whose value was not revealed.
(English version by Loredana Fratila-Cristescu)