Articles

Financier Worldwide - Mergers & Acquisitions - Annual Review 2015

September, 2015

2014 was certainly a strong year in terms of global mergers and acquisitions (M&A) activity. In fact, it was something of a bonanza. A year which saw companies, buoyed by record levels of cash, flourishing markets and executives imbued with newfound confidence, negotiate a succession of recordsetting and transformative deals to the tune of $3.5 trillion.

ROMANIA

Silviu Stoica
Popovici Nitu & Asociatii

“The general feeling around M&A activity across emerging Europe remains one of cautious optimism, fuelled by clear signs of steady, albeit slow economic growth. The trend is positive as the first half of 2015 brought a fresh round of slight growth around the region. Although investors’ confidence in the region has been really hurt by continued financial and political uncertainty, particularly tensions between Moscow and Kiev, plus Greece’s slide towards an exit from the Eurozone, some of the CEE countries – including Poland and Romania – have remained relatively unaffected, and are considered as increasingly stable investment targets. So, we may see an increased appetite for doing M&A in Romania, mainly fuelled by markedly increased relief in terms of access to finance, fewer regulatory issues, higher confidence in political and economic certainty and a fading of the misguided perception that M&A is value-destructive.”