The local mergers and acquisitions market was dominated in 2021 by strategic investors, and the most active sectors were real estate, energy and technology
Strategic investors were the most active buyers on the local mergers and acquisitions market (M&A) in 2021, with over 60% of the total number of transactions, followed by institutional and private investors (20%) and private equity firms (17%), according to a Deloitte Romania analysis.
Most of the foreign strategic investors involved in transactions on the local market are from France (18%) and Austria and Germany (16%). Other countries that have been active on the local market in previous years, such as the US and the UK, had investors involved in 2021 in only 8% and 3% of the transactions, respectively. The data refers to the 137 transactions with a value of over 5 million euros announced in 2021, according to the Deloitte Romania analysis, a volume that marked a record market level the past year. In terms of total estimated value, calculated for both disclosed and non-disclosed transactions, the local market amounted to approximately 4-4.4 billion euros. The transactions in which the buyers were French strategic investors include the takeover of Duraziv by Saint-Gobain and the takeover of Frigotehnica and Megatech Trading & Consulting by VINCI Energies. Strategic investors in Austria and Germany were active mainly in the real estate sector, being involved in transactions such as the takeover of Bucharest Financial Plaza by Immofinanz or the takeover of The Light One building by UNIQA Real Estate GmbH.
M&A transactions in 2021 with notable cumulative values were recorded in the real estate sector (29% of the total market value, down from 37%, in 2020), followed by energy (14%, down from 22%, in 2020) and technology (11%, down from 19%, in 2020). A significant decrease was visible in the health sector, which accounted for 2% of the total value of transactions in Romania in 2021, similar to the level in 2020, of 1%, down from 12%, its share in 2019 and 2018.
"It is worth noting that over 50% of the transactions monitored in 2021, both in number and in value, are represented by takeovers of local players by other local players. This is an indicator of the Romanian M&A market’s maturity, a market where local players play an increasingly important role. I also hope that more local companies will make acquisitions outside the country in order to expand regionally. It is also worth pointing out that the transactions’ average value was 27 million euros in 2021, which shows that the Romanian market is effervescent, dominated by small and medium transactions, a trend that will most likely continue, given the level of development of an important number of locally active companies," said Radu Dumitrescu, Financial Advisory Partner-in-Charge, Deloitte Romania.
The effects of the crisis generated by the COVID-19 pandemic have been minor, as the value of the local market has remained relatively constant since 2018, unlike the impact of the financial crisis, which led to the market crashing from around 5.5 million euros in 2008 to 1.3 million in 2009 and 0.9 million in 2010.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.