The situation created by the measures taken to combat the COVID-19 pandemic will definitely have an impact on the global M&A market and, implicitly, in Romania in 2020. The local market is well-positioned for a positive evolution, considering the sustainable growth of the past periods, as well as a constantly diversifying economy.
At the beginning of March, CTP – the largest developer and long-term manager of industrial and logistics parks in Romania and Central and Eastern Europe, acquired the Equest Logistic Park for 30 MEUR.
„This acquisition represents a significant opportunity to further consolidate CTP’s dominance at CTPark Bucharest, where we boast one of our main hubs in Romania. The acquisition will further enable CTP to access a new range of tenants that prove strong opportunities to grow their operations in Romania. We were happy to cooperate on the financial and tax part with Mazars Romania.”, stated Ana Dumitrache, CTP Romania’s Country Manager.
Mazars assisted CTP Romania in successfully completing the transaction, carrying out a financial and fiscal due diligence analysis. This analysis aims to understand the evolution of the financial and fiscal performance of a company, its assets, liabilities and off-balance sheet items, as well as the key assumptions underpinning its expected performance, to better evaluate the viability of an acquisition.
A well-performed due diligence can not only assist in identifying and managing risks, but also in properly valuing a transaction.
„We are very proud to have assisted CTP with the financial and fiscal due diligence service needed for its latest acquisition of Equest Logistic Park. Our finance and tax specialists worked closely with the CTP team during the due diligence phase, coordinating with the other parties involved in the transaction. We congratulate them on their acquisition and we are excited about our next partnership.”, mentioned Răzvan Butucaru, Partner, Financial Services & Advisory Leader, Mazars Romania.
The increased need for financing that certain sectors of activity will feel in the immediate period, as well as a relaxation of the pressure on the labor market, can be the premises for an intensification of transactions, as a slowdown in trade and demand internationally and regionally may be arguments in favor of a more cautious attitude on the part of investors.