Deloitte: After real estate, FMCG had the most transactions in Q3 | Progresiv

Romania's merger and acquisition market had a hot summer in the third quarter, with transactions totaling 809 million euros, more than double the 391 million euros in the second quarter, the most effervescent sectors being real estate and consumer goods, according to Deloitte data.

The number of transactions monitored in the third quarter was 27, out of which only one third had the value that was officially announced or could be calculated on the basis of public data. Thus, the trend of this year continues not to announce the value of transactions. In the similar period of 2017, a total of 28 transactions were announced.

The FMCG transactions that were announced in the third quarter of this year include the takeover of Galli Gallo, a company owned by Catalin Muntean, by Bravcod, respectively the two transactions in the Nordic group: the takeover of Nordic Petfood Production and Nordic Petfood Distribution, owned by Iulia Stana, Sara Pufan and the Moldoveanu family by United Petfood and the takeover of Nordic Food and Nordic Logistic, owned by Iulia Stana and Sara Pufan, by the Moldoveanu family.

"M&A activity remains intense. We see a growing interest from both strategic and financial investors who want to invest more than 100 million euros per transaction. With 12 transactions in excess of 100 million euros in the first nine months, there are chances that by the end of the year we will exceed the record of large transactions set last year", said Ioana Filipescu, Corporate Finance Partner, Deloitte Romania.

According to Deloitte estimates, the total value of the market, including transactions that did not have a reported value, was between 1.4 and 1.6 billion, about 15% more than in the third quarter of 2017.