During the EY-led process, the team provided full sell-side M&A assistance, structuring and coordinating the execution of the transaction.
The purchase price will be €0.3375 per share, inclusive of dividend, subject to possible adjustments.
The transaction, which is subject to necessary approvals is expected to close in the first half of 2025.
The transaction with Abris Capital Partners is expected to be completed in the first quarter of 2025.
The acquisition includes two manufacturing facilities located in the US and the Netherlands, as well as the lease of other manufacturing and R&D facilities in two US locations.
The transaction will be completed following the receipt of the necessary approvals from the Financial Supervisory Authority and the Romanian Competition Council.
Alpha Bank Romania will be merged into UniCredit Bank Romania, creating the third banking group by assets in the country.
The closing of the announced transaction is conditioned by a legal process, including the completion of due diligence and prior approvals.
In addition to SunLake Snagov, the developer is also working on SunLake Residence, SunLake Homes and SunLake Pipera projects.
With an installed capacity of approximately 710 MW, the photovoltaic parks acquired by OMV Petrom are among the most important projects of this type in South-Eastern Europe.
The former Eva retail property located in downtown Bucharest, on Magheru Boulevard, is occupied by Mega Image and has a leasable area of approximately 1,700 square meters.
The transaction was closed in October 2024, coinciding with the completion of the previously announced sale by Renovatio of 50% of the shares of Electrocentrale Borzești.
Under the partnership, the founders of Marty Restaurants will continue managing operations in their Cluj Napoca locations.
The PeliPartners team was coordinated by Francisc Peli (Managing Partner) and Alexandra Ioniță (Managing Associate).
The acquisition of TehnoWorld extends ROMCIM's portfolio offering and better positions the company to meet Romania's infrastructure and complex non-residential needs.
TriGranit is one of the largest privately-owned real estate development platforms in CE, with over two decades of operations and has completed nearly 50 landmark projects.
Clifford Chance Badea advised PPC Group throughout the entire transaction, providing support on aspects of due diligence.
Global Vision's joint venture with Globalworth completed the divestment of 136,374 sqm of leasable area and a plot of land in Constanta.
The Landmark, developed in 2016, is a BREEM Excellence Certified business park comprising three class A office buildings with a GLA of over 23,700 sqm.
While Romanian M&A deal volumes increased in H1 2024 compared to H2 2023 by 13.8%, the decrease in deal volumes during the H1 of 2024 reflects the global trend in deal volumes.
Currently, the central office in Bucharest is home to 654 employees, the Timisoara office has 270 specialists and the Cluj-Napoca office has 124.
2024 brought a 5% increase in new car registrations and re-registrations, while registrations of imported used cars rose 11%.
The unit in Vernesti is part of the 5th phase of the Romania Eficienta program, supported by OMV Petrom with €7.6 million.
Softeh Plus will move its headquarters in Timpuri Noi Square starting this spring.
Focus in 2025 on expanding the network, a new factory in Târgu Neamț, team reorganization, new products, digitalization.