M&A activity in Romania last year fell slightly in terms of deal value compared to 2012, but showed a modest increase in deal volume, the 2013/14 Emerging Europe M&A Report noted.
Most of the 2012 deals targeted assets in the financial, manufacture, energy and TMT (Technology, Media and Telecommunications) sectors.
“We are moderately optimistic regarding our estimate for 2014 and we expect a slight increase in the M&A deal flows,” said Horea Popescu, CMS Romania Partner and Head of Corporate and M&A. “Romania has potential to become a very attractive market in the next years.”
In emerging Europe, M&A activity in 2013 essentially remained flat in terms of deal volume and posted a moderate decline in deal value, falling from EUR138 billion in 2012 to EUR112 billion in 2013, the report showed.
However, deal flows are expected to experience a steady growth in 2014, driven by increased appetite from foreign buyers, followed by the availability of under-valued targets and private equity buyouts.