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Romania, the most interesting market in the area for mergers and acquisitions

Romania is, at present, the most interesting market in the area in terms of acquisitions and mergers and the situation will not change very soon in the upcoming years, according to a survey conducted by Deloitte called ‘'Staying on course - M&A in Europe'.

Romania not only that it was not harmed by the recent global financial crisis, but it has even accelerated activity in some sectors over the past months. Obviously, there's a certain prudence in the real estate sector, but not all the sectors enjoy the same intense trading activity. The most important M&A (mergers and acquisitions) deals occur in the field of energy and resources, TMT (telecommunications, media, technology) and the sector of financial services, said Antonis Ioannides, partner M&A Transaction Services in Deloitte Romania. Countries of Central and Western Europe hold top positions among preferences in the field of mergers and acquisitions, 75 percent and 58 percent respectively. According to Deloitte experts, Europe is mainly preferred, although emerging countries of Asia are also interesting for investors. Respondents of Central Europe do not have M&A plans beyond Central and Western Europe. They deem that Asia, North America, Latin America or the Middle East have less importance or not important at all. Historically speaking, companies of emerging countries were often ''hunted'' by takeover bids from the West, allowing for a solid economic growth and ambitious management. The companies of emerging countries have started to look more and more abroad, in search for new assets, said Garret Byrne, partner M&A Transaction Services at Deloitte Central Europe. Examining the M&A plans for the next 18 months in Europe, the conclusion is that companies and investors of private equity alike want to expand. Mergers and acquisitions are an instrument which ensure the success of the companies on global markets in the long run. Therefore, the M&A activity is boosted by strategic transactions which are aimed at increasing competitiveness of the company on the market. Europe is the most sought-after region for M&A activities. Financial investors focus mainly on Western Europe, but show interest also in the investment opportunities of Central Europe. Almost 90 percent of west-European companies are active in their origin region, but Central Europe gradually strengthen its position. Although cross-border investments are a general trend, Central-Europeans focus more on international transactions compared to West-Europeans. ''The transactions of mergers and acquisitions in the sectors of consumption, energy and resources intensify in Central Europe. The trend is to conclude ever more cross-border deals allowing for the extension of of big retail operators, such as Tesco. This prompts consolidations in the segment of dealers who merge to generate economies of scale and might supply goods to big retailers. The sector of energy and resources is one of the few sectors in Central Europe generating big transactions,'' said Byrne. Companies of private equity have the best practices that can be enforced in the moment of the transactions' implementation. These companies plan the post-merger stage efficiently, set objectives in the long run and success criteria for each separate project. In the post-merger stage, companies of success generally plan and implement strategies which allow for the cultural factors, but also HR major strategies. The survey was conducted due to M&A experts recommended by Deloitte Partners of Belgium, Central Europe, Denmark, Germany and the Netherlands, in the spring of 2008. As many as 120 CEOs of companies of private equity have been contacted. Half of them filled in the questionnaires on the M&Av plans, objectives and success factors. Comparing results with the same survey conducted one year ago, it is obvious the transactions are getting ever more important among European businessmen. Sursa: http://www.actmedia.ro

Tags: europe central companies transactions deloitte acquisitions interesting market mergers romania

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