The acquisition of Profi retail chain by Ahold Delhaize (Mega Image stores owner) from the private equity fund Mid Europa Partners for US$ 1.4 billion, was the biggest transactions in 2023 in Romania.
Is is followed by the acquisition of Enel subsidiary in Romania by the Greek energy group Public Power Corporation for US$ 1.3 billion and the acquisition of Alpha Bank’s Romania unit by Italy-based Unicredit for US$ 319 million.
Mitiska REIM sold 25 retail parks to M Core Property for US$ 236 million, one of the largest transactions ever recorded in the local commercial real estate sector, and the Mexican food company Grupo Bimbo acquired local bakery Vel Pitar for US$ 210 million.
Romanian M&A market has crossed the $7 billion mark in 2023
The Romanian mergers and acquisitions (M&A) market recorded 241 transactions during 2023, with a total estimated value of US$ 7.1bn. This means a 6.1% increase by estimated value on a year-on-year basis.
Strategic investors maintained their predominant role in the local M&A market, accounting for 88% of transactions in 2023 by volume. Domestic deals experienced a marginal uptick, with 119 recorded transactions, compared to 116 in 2022.
The most active sectors by deal volume were real estate, hospitality & construction (17.0% of the number of transactions) and consumer products & retail (15.4%), followed by technology (12.4%) and energy & utilities (12.0%).
