April 8 (SeeNews) - The value of Romania's mergers and acquisitions (M&A) market dropped by 50% year-on-year in the first quarter of 2019, to 120 million euro ($135 million), global consultancy Deloitte said on Monday.
The estimation was made taking into account information from public sources and transactions with a disclosed value, Deloitte said in a press release.
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Counting also transactions with a still undisclosed value, the M&A market could reach 200-300 million euro in the first quarter of 2019.
"Although the figures suggest a decrease in activity, we believe that there are still many ongoing transactions which are to be completed in the coming period, given that we are only in 6txthe beginning of this year. The market still offers opportunities for both consultants and owners interested in selling. We see exit initiatives for business owners who want to benefit from this window of opportunity and who we believe will be successful," Deloitte Romania merger and acquisition consultant partner Ioana Filipescu said.
In total, 15 transactions were announced in the first quarter of this year, including those whose value was not officially disclosed. In the similar period of 2018, 20 transactions had been announced.
The biggest transaction in the first quarter of the year is considered to be the acquisition by MAS Real Estate of a portfolio of nine shopping centers in Roman, Baia Mare, Slobozia, Focsani, Ramnicu Sarat, Târgu Secuiesc, Fagaras, Gheorgheni, Sebes for 113 million euro.
The second biggest deal is the acquisition of Interbrands Marketing & Distribution, one of the leading distributors of consumer goods in Central and Eastern Europe, one of the leaders in Romania in the distribution sector by Orbico Group.
Then, Deloitte took into account the fusion between Hungary's eMAG and Extreme Digital in Hungary, resulting in one of the largest e-commerce companies in Central and Eastern Europe.
Transcendia's US acquisition of Industrial Mecano Import Export, manufacturer of packaging systems and materials and the acquisition by Mega Image of the Zanfir network in Vrancea were also mentioned.
In 2018, Deloitte estimated the value of Romania's M&A market at 3.8 to 4.3 billion euro, including the deals whose values were not disclosed, which were significantly more compared to previous years.
($ =0.8899 euro)
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