Romania’s mergers and acquisitions market recorded a positive trend in 2025, with 275 transactions, up 3% year-on-year. Transparency remained limited, as around 70% of deals disclosed no value, continuing a pattern observed since 2022.
The value of disclosed transactions increased by 18% YoY to USD 3.7 billion, supported by three large deals totaling USD 2.5 billion. These included the acquisition of Regina Maria, valued at approximately USD 1.4 billion. Overall, the estimated total value of Romania’s M&A market remained stable at USD 6.7 billion, despite a decline in average mid-sized deal values.
Foreign investors drive market resilience
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Globally, M&A deal value rose by 49% in 2025, while Europe recorded a 23% increase, driven by renewed private equity activity and interest in large-scale transactions. Romania outperformed regional trends, with the number of deals increasing by 3%.
The year showed contrasting dynamics between the two halves. While domestic and outbound activity strengthened early on, the second half saw reduced confidence among local investors. Inbound transactions, however, accelerated, reaching 146 deals and reaffirming Romania’s attractiveness as an investment destination.
Photo: freepik.com
