Romanian M&A activity remained resilient in 2025, despite a complex global backdrop marked by geopolitical uncertainty, regulatory scrutiny, and uneven economic recovery. Deal-making momentum was supported by sustained investor interest, increasing transaction sophistication, and a stronger role played by Romanian investors and local capital.
Two key trends shaped the market: the growing impact of mega-deals on overall value and the rising relevance of domestic players across multiple sectors. Cross-border transactions continued to play an important role, while deal structures became more complex, reflecting a maturing market focused on strategic fit and long-term value creation. Looking ahead to 2026, the market is expected to remain active but selective, with investors prioritizing disciplined capital deployment and sustainable growth.
Download the EY-Parthenon Romanian M&A Review 2025 to explore detailed market insights, key transactions, and the outlook for 2026.