Activity in the Romanian M&A market rebounded in the third quarter of 2024, despite a drop in the number of transactions in the first half of the year, with 77 deals announced in the July-September period, compared to 53 in the similar period in 2023, according to a PwC analysis.The real estate, consumer goods and renewable energy sectors were the main catalysts for this growth, generating more than 65% of the additional number of deals announced in the third quarter, a release from the consultancy firm said."If the beginning of the year offered uncertain signals regarding this year's dynamics of the M&A market, the third quarter brought a significant rebound that leads us to believe that many of the transactions announced now were in full negotiation in the first part of the year. The Romanian market is proving more and more attractive for strategic investors who wish to consolidate their position and benefit from the evolution of a significant market, in terms of size, in Central and Eastern Europe, whose development is causing important structural changes in the business environment," said George Ureche, M&A Partner, PwC Romania.In terms of value, the Romanian M&A market grew more than 2.7 times compared to the third quarter of last year, excluding the impact of the Hidroelectrica IPO in July 2023. Thus, the 77 announced transactions totaled more than EUR 2 billion, compared to just EUR 750 million in the third quarter of 2023, not counting the EUR 1.9 billion from the Hidroelectrica listing. The two deals announced in August by PPC and Nala Renewables, respectively, with the wind farms acquired from Evryo Power and OX2, contributed more than EUR 900 million to the total market value, and were the two largest deals of the quarter.In the first nine months of the year, the Romanian M&A market recorded a total of 192 announced transactions, with a cumulative value of almost EUR 4.4 billion, up by 6% year-on-year (excluding the Hidroelectrica IPO)."The development of the local M&A market and the high attractiveness of Romanian companies subject to transactions is visible in the third quarter of this year by the increase in the average value of announced transactions to EUR 27 million compared to only EUR 14 million in the same period in 2023. Both the increasing size of the businesses operated by target companies and rising valuations have contributed significantly to this dynamic. If in Q3 2023 only three reported transactions exceeded EUR 40 million, in the third quarter of this year we have 10 such transactions. The energy and real estate sectors remain representative in this sample as well," the release points out.According to the quoted source, small transactions, below EUR 5 million, have become increasingly rare in the Romanian market, with a share of less than 10% in Q3 of 2024, compared to 56% in the same period last year.
The biggest contributor to burnout – and we do have a burnout epidemic across the world nowadays – is work stress. Many people believe it’s mainly their fault, that it’s in the way they do things, their personality, or something very personal indeed. They couldn’t be more wrong. Because the single most impactful factor in […]
Over 300 guitarists from across the country are gathering in Timișoara, western Romania, to simultaneously perform 17 songs alongside several well-known artists within the Timișoara Guitar Day – One City. One Day. One Guitar Love event. The moment is scheduled for Saturday, October 19, at 4:00 PM at Faber, Splaiul Peneș Curcanul 4-5, Timișoara, with […]
Wizz Air announced it was opening its temporary base in Chişinău, in Moldova, and will offer direct connections to 16 destinations next winter, including eight new routes. The airline is offering non-stop flights between Chişinău and Berlin, Bologna, Brussels Charleroi, Dortmund, Memmingen, Paris Beauvais and Verona, as well as the new route to Nuremberg. In […]
Romania’s executive recently approved the acquisition of 58 new short-distance trains, RE-R2 and RE-R3, with 200 and 160 seats respectively, in contracts totaling RON 3.3 billion (EUR 683 million). Prime minister Marcel Ciolacu announced the approval of the purchase. "We are approving a major investment project that connects large urban centers via modern rail transport. […]
Romania is a strategic tech hub for the operations of the Brazilian technology multinational Stefanini in Europe, the Middle East, and Africa. Farlei Kothe, newly appointed CEO of North America, EMEA, and APAC, shares more on the company's expectations for the year to come, how its growth strategy informs its recruitment plans, and its work […]
The heads of Moldova's security institutions announced on Thursday, October 17, that several hundred Moldovan citizens were trained in Russia, Serbia, and Bosnia-Herzegovina to incite street movements aimed at overthrowing the constitutional order. The head of the National Police, Viorel Cernăuțeanu, the director of the Information and Security Service (SIS), Alexandru Musteața, and interim chief […]
