The strong growth of the Romanian market also reflected in the evolution at global level, where the energy, healthcare, pharmaceutical and fast-moving consumer goods were ranked as the most dynamic sectors.
Radu Stoicoviciu, leader of the transaction and management consultancy department at PwC Romania, said the last two years have been very good for the activity of mergers and acquisitions globally, on the backdrop of maintaining interest rates at extremely low levels. Stoicoviciu also said the developed economies in the G7 group are expected to register this year the highest GDP growth rate after 2010, which will certainly impact the M&A market.
In Romania, most transactions conducted in 2015 targeted the sectors of industrial production and real estate and the average value of a transaction stood at EUR26 million. The M&A activity continued to be dominated by small and medium transactions.
Anda Rojanschi, partner D&B David and Baias, coordinator of the team of fiscal and juridical consultancy in transactions, said the market optimism is on the rise, in a favorable economic context, especially when considering Romania’s GDP growth forecasts for 2016. Rojanschi also said 2016 had a promising start after the announcement of several large transactions such as the sale of Albalact, of Banca Carpatica or of McDonald’s Romania. Therefore, the upward trend of the M&A market is expected to continue in 2016, with transactions both in the sectors active in 2015 as well, such as the banking and real estate sectors, and in other sectors.
PwC is leader on Romania’s M&A consulting market, boasting finalized transactions of over EUR1.3 billion between 2007 and 2015. Over the last year, PwC has been involved in several major transactions, providing assistance either on purchase or on sale within the transactions whereby CRH acquired Lafarge Romania, the transaction trough which Tiriac Holding sold the shares held in Unicredit Tiriac Bank, as well as the transaction through which MidEuropa acquired Regina Maria from Advent, PwC said in a statement.
D&B David and Baias is a law firm affiliated with PwC in Romania and has 35 lawyers specialized in providing legal assistance in various fields.