A year with top deals for Ernst & Young
Ernst & Young Romania was in 2008 one of the most dynamic players, assisting more than 50 clients that concluded deals in 2008. Out of these, Ernst & Young assisted in six of top 10 transactions in 2008.
Source: Wall-Street Biggest mergers and acquisitions in 2008
*Frozen deal, according to Money Express
“Currently, the buy-sell mandates ratio remained balanced at Ernst & Young, even if in last year’s fall, we’ve witnessed a turning point in the M&A market when buyers gained leverage.”
Lajat says he has had several discussions with some entrepreneurs willing to seize opportunities in the current environment, including: how to significantly accelerate growth in times when competition is in difficulty, through focused external growth, and second of all, fund raising “we are discussing with an experienced team willing to launch an investment fund focused on quality assets under distressed situation”, said Philippe Lajat.
| Rank | Target | Buyer | Industry sector | Deal value | Ernst & Young assistance |
| 1. | Asiban | Groupama | Insurance | 350 | Yes |
| 2. | Unita | VIG | Insurance | 230 | No |
| 3. | Bere Mures | Heineken | FMCG | 150 | Yes |
| 4. | LaborMed | Advent International | Pharma | 123 | Yes |
| 5. | LaDorna | Lactalis | Food | 100 | Yes |
| 6. | Ardaf/RAI | Generali PFP Holding | Insurance | 80 | No |
| 7. | Cargus | DHL | Transport | 50 | No |
| 8. | Avrig 35 | New Europe Property Investments | Real Estate | 44 | Yes |
| 9. | Capital Parners | Piraeus Bank | Asset Management | 32 | Yes |
| 10. | Simcor Oradea | Macon Deva(Enterprise Investors) | Construction materials | 53 | No |
*Frozen deal, according to Money Express
“Currently, the buy-sell mandates ratio remained balanced at Ernst & Young, even if in last year’s fall, we’ve witnessed a turning point in the M&A market when buyers gained leverage.”
Lajat says he has had several discussions with some entrepreneurs willing to seize opportunities in the current environment, including: how to significantly accelerate growth in times when competition is in difficulty, through focused external growth, and second of all, fund raising “we are discussing with an experienced team willing to launch an investment fund focused on quality assets under distressed situation”, said Philippe Lajat.