25 deals were announced in the three months ending March 31, up 79% more than the same period of last year when only 14 transactions were announced.

“Broken down by target industry, diversified services and manufacturing lead the chart with five deals, followed by retail industry with four”, the investment advisory firm said.

In its quarterly market review, Capital Partners takes into account only the announced transactions that are allocated to the month they were officially announced.

Capital Partners, the investment advisory firm headed by Doru Lionachescu is the only independent and local company in the top 10 M&A advisory firms, by the number of assisted deals.

Romanian market M&A reached activity reached €1.045 billion last year, and 80 deals announced with a collective worth of over €1 million.

“The market is beginning to thaw after a deep freeze, as buyers and sellers are showing renewed interest in deal-making since December 2009. But it will take longer to see an actual pickup in deal activity: I expect the market to take a slow and gradual rise this year and break even, because the deals began in 2008 and shelved since the onset of the financial crisis could re-enter this year’s pipeline”, Doru Lionachescu (photo) told Wall-Street.

Thomson Reuters published yesterday the first quarterly M&A market review in 2010. The US market M&A activity reached US$ 573.3 billion, up 20.5%, marking the first growth in deal activity since 2008, survey shows.