Global M&A Trends Report |
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Romania |
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(Europe)
Firm
Nestor Nestor Diculescu Kingston Petersen
Contributors
Corina Dumitru |
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| With respect to private M&A, what are three things on top of mind for M&A practitioners in your jurisdiction? | Three things top of mind for private M&A practitioners in Romania are:
The economic environment in Romania is encountering significant changes, mainly because of the tax legislative package that has just been passed and the regional political and business context. The regulatory (both antitrust and foreign direct investment) matters continue to be major aspects to be dealt with in M&A transactions, in particular in case of significant and cross-border transactions, impacting on the timing and the specifics of the transactions. |
| With respect to private M&A, where does your jurisdiction see most deal activity? | Most private M&A deal activity is categorized as mid-market. |
| With respect to private M&A, what sector sees the most deal activity in your jurisdiction? | Most private M&A deal activity is seen in the Real Estate sector. |
| What are your predictions for private M&A deal volume in your jurisdiction during 2024? | Private M&A deal volume in 2024 is predicted to be the same as 2023 deal activity, in the current economic and political climate, it is difficult to make predictions on the Romanian M&A market in 2024. While the prognosis is reserved, Romania continues to provide good opportunities for M&A deals, in particular in the Energy, Technology, Food and Services sectors. |
| With respect to public M&A, what are three things on top of mind for M&A practitioners in your jurisdiction? | Three things top of mind for public M&A practitioners in Romania are:
The economic environment in Romania is encountering significant changes, mainly because of the tax legislative package that has just been passed and the regional political and business context. The regulatory (both antitrust and foreign direct investment) matters continue to be major aspects to be dealt with in M&A transactions, in particular in case of significant and cross-border transactions, impacting on the timing and the specifics of the transactions. |
| With respect to public M&A, where does your jurisdiction see most deal activity? | Most public M&A deal activity is categorized as mid-market. |
| With respect to public M&A, what sector sees the most deal activity in your jurisdiction? | Most public M&A deal activity is seen in the Energy sector, with the 2023 IPO of the Romania energy producer Hidroelectrica being the largest IPO ever made on the Bucharest Stock Exchange and one of the largest in Europe in 2023. |
| What are your predictions for public M&A deal volume in your jurisdiction during 2024? | Public M&A deal volume in 2024 is predicted to be the same as 2023 deal activity, in the current overall context, it is very difficult to predict the scale of the Romania public M&A market. While we do not anticipate seeing 2024 transactions comparable with the Hidroelectrica IPO, official perspectives are optimistic. |
| Please share any other insights with respect to M&A in your jurisdiction: | Despite the complex and difficult economic and political climate, Romania continues to provide excellent opportunities for M&A transactions, in particularly in the Energy, Technology, Food and Agriculture and services sectors. |
Global M&A Trends Report
Romania
(Europe) Firm Nestor Nestor Diculescu Kingston PetersenContributors Corina Dumitru
Updated 30 Jan 2024Three things top of mind for private M&A practitioners in Romania are:
- General: economic environment
- Regulatory: antitrust
- Regulatory: national security and foreign investment restrictions
The economic environment in Romania is encountering significant changes, mainly because of the tax legislative package that has just been passed and the regional political and business context. The regulatory (both antitrust and foreign direct investment) matters continue to be major aspects to be dealt with in M&A transactions, in particular in case of significant and cross-border transactions, impacting on the timing and the specifics of the transactions.
Most private M&A deal activity is categorized as mid-market.
Most private M&A deal activity is seen in the Real Estate sector.
Private M&A deal volume in 2024 is predicted to be the same as 2023 deal activity, in the current economic and political climate, it is difficult to make predictions on the Romanian M&A market in 2024. While the prognosis is reserved, Romania continues to provide good opportunities for M&A deals, in particular in the Energy, Technology, Food and Services sectors.
Three things top of mind for public M&A practitioners in Romania are:
- General: economic environment
- Regulatory: antitrust
- Regulatory: national security and foreign investment restrictions
The economic environment in Romania is encountering significant changes, mainly because of the tax legislative package that has just been passed and the regional political and business context. The regulatory (both antitrust and foreign direct investment) matters continue to be major aspects to be dealt with in M&A transactions, in particular in case of significant and cross-border transactions, impacting on the timing and the specifics of the transactions.
Most public M&A deal activity is categorized as mid-market.
Most public M&A deal activity is seen in the Energy sector, with the 2023 IPO of the Romania energy producer Hidroelectrica being the largest IPO ever made on the Bucharest Stock Exchange and one of the largest in Europe in 2023.
Public M&A deal volume in 2024 is predicted to be the same as 2023 deal activity, in the current overall context, it is very difficult to predict the scale of the Romania public M&A market. While we do not anticipate seeing 2024 transactions comparable with the Hidroelectrica IPO, official perspectives are optimistic.
Despite the complex and difficult economic and political climate, Romania continues to provide excellent opportunities for M&A transactions, in particularly in the Energy, Technology, Food and Agriculture and services sectors.