Acquisition International - M & A Awards 2022 17 needs, and working with them closely as a team – every client matters to us! We do not make quality discounts – we won’t take an assignment if we know we can’t deliver at high standards! We are not budgetoriented but rather relationship builders.” Partnering these experts with a market that continues to experience growth has solidified Mazars’ position in recent years. Indeed, working alongside Mergermarket, Mazars publishes a report every year on the development of the M&A market in CEE. “The last report was published in Q1 2022, Investing in CEE: Inbound M&A Report 2021/2022, and offers an overview of inbound M&A activity in the CEE region throughout 2021 and looks ahead to the challenges and opportunities in the coming months. According to our study, total deal value jumped 56% year-on-year to reach €47.1bn, while volume rose 39%. The overall picture is one of strong growth and resilience, in 2021 reaching the highest total transaction value since 2016. “For 2022, in Q3, it is estimated that the number of transactions is higher than in any full-year period since 2007 except 2021 which was an exceptional year for the M&A market. The total value is estimated to be higher in 2022 than in 2020.” “Learn fast and be open to adapting. Also, it helps to be realistic, not to overpromise, and always deliver on commitments.” On the back of this growth, Mazars in turn looks to drive further growth of its own, further expanding its client base in the following twelve months to promote the brand across the regions in which it operates. Company: Mazars in Romania Name: Razvan Butucaru, Partner, Financial Services & Advisory Leader Email: razvan.butucaru@mazars.ro Web Address: https://www.mazars.ro/ Address: 4B Ing. George Constantinescu street, 5th floor, Pipera Globalworth Campus, Building B, 020339 Bucharest, Romania Telephone: +40 3 12 29 26 00 Nov22266 Best Mid-Market Due Diligence Experts – CEE With almost 30 years in the industry, Mazars in Romania is one of the leading international audit, tax and advisory firm on the market. Following the firm’s success in the 2022 edition of the M&A Awards, we spoke with Razvan Butucaru, Partner, Financial Services & Advisory Leader, to find out more. t would be no exaggeration to say that Mazars is among the best audit and advisory firms in Europe, and arguably around the world. In the M&A sector, Mazars has a reputation and network that few can match, having 1,300 M&A professionals employed in over 50 countries. Its expertise extends to all of its offices, with the Romanian office being one of the most active in the region. Here Razvan takes a moment to explain the country’s market in more detail. “There were 49 disclosed deals for Romania-based targets in 2021, a 17% increase versus 2020. Deal value at €2.7bn was up 58% compared with the previous year. The largest deal was ExxonMobil’s sale of a 50% stake in the offshore XIX Neptun Deep Block concession, located in the Black Sea, to natural gas firm Romgaz. “Romania’s M&A market is increasingly mature. Up until now, local entrepreneurs financed mostly from banks. During the last twothree years, they have diversified and are more open to different kinds of financing, including equity and strategic investors. Moreover, they have started more and more to be interested in expanding by acquiring local businesses as well as companies outside Romania.” “As part of the larger CEE region, the Romanian M&A sector has known continuous growth in terms of volume and variety in the last couple of years.” When it comes to Mazars’ expertise, putting aside the regional market, the firm manages a portfolio ranging from start-ups and SMEs, through to mid-caps and up to world-leading corporations. “We participate in several stages of M&A processes through different teams, either by offering M&A project management services, due diligence services, valuation assistance, assistance with transaction documentation, assistance with mergers or spin-off implementations, or even expert witness services. Our teams work hand in hand with other consultants, bankers, lawyers, investment managers, and so forth,” Razvan explains. Yet, despite its notable reputation, the key to Mazars’ success hinges on a very common factor – its people. Naturally, Mazars enjoys its expert credibility because of its experts, as Razvan continues. “Our people are one of our most important competitive advantages – having highly qualified and dedicated teams for each service. We encourage professional development, quality, and continuous improvement. Being close to our clients, listening to their I
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