The process consisted in conducting a due diligence analysis, which targeted the evolution of the company’s financial and fiscal performance, assets, liabilities and its off-balance sheet items, as well as the essential hypotheses that form the basis of its projected performance, in order to better assess the viability of the acquisition.
”We have worked closely with the CTP team throughout the phase of due diligence, while coordinating at the same time with the other parties involved in the transaction”, stated Razvan Butucaru, Partner, Financial Services & Advisory Leader at Mazars Romania.
In early March 2020, CTP, the largest developer and administrator of industrial and logistics parks in Romania and Central and Eastern Europe, acquired Equest Logistic Park, for EUR30 million from Forum Serdika.
Equest Logistic Park is located at Km 13 on the A1 highway, the ground zero of the industrial logistic market in Romania.