Deloitte Romania assisted AAylex Group in the acquisition of the feed, one-day chickens and hatching eggs producer Banvit Foods Romania

Deloitte Romania assisted AAylex Group, one of the leading players in the food industry, in the acquisition of the feed, one-day chickens and hatching eggs producer Banvit Foods Romania, owned by the homonym group in Turkey, which is part of the Brazilian group BRF, one of the largest players in the world in the food industry. The transaction was signed in March 2021 and was finalized in May, following its approval by the Competition Council. Its value is of over 20 million euros.

Through this acquisition, AAylex Group continues its expansion on the local market and completes its over 70 million euros investment made over the last four years. AAylex Group, founded by the entrepreneur Bogdan Stanca, includes the companies AAylex Agro Cooperativa Agricola, Avicola Buzau, AAylex Prod, the certified quality assurance laboratory Renar (QA) and AAylex Distribution and owns the Cocorico brand (www.cocorico.ro). The group reported a consolidated turnover of over 650 million lei in 2020 and more than 2,000 employees. The Cocorico products are sold both on the Romanian and on the foreign markets, covering several countries in Europe and Middle East.

Deloitte Romania assisted AAylex Group with financial and tax due diligence. The financial advisory team was made of Miruna Ciocea, Manager, Madalina Tene, Senior Associate, and Dusan Sevc, Deloitte Partner in the Czech Republic, and the tax team was made of Raluca Baldea, Partner, Elena Raileanu, Senior Manager, Catalina Cojocaru, Manager, and Claudia Matei, Senior Consultant, Deloitte Romania.

“We appreciated the professionalism and the commitment of the Deloitte team in the successful closing of this transaction. This acquisition is very important to us, as it allows AAylex Group to benefit from the advantages of completing its animal feed, one-day chickens and hatching eggs production capacities, thus covering all the activities of an integrated production, from genetics, animal feed, reproduction, hatching, breeding, slaughter, to factories for added value products. We managed to create and develop a valuable company, appreciated both nationally and internationally, for the quality and the innovation of the Cocorico products,” stated Bogdan Stanca, founder and CEO of AAylex Group.

“This transaction, through which the Romanian group AAylex continues its expansion even in the context of the COVID-19 pandemic, involved the collaboration of teams located in different geographic areas – Europe and South America – on the buy and sell side. It was one more M&A process started and finalized in the context of the crisis generated by the pandemic, which reconfirms the fact that the market offers numerous opportunities,” stated Miruna Ciocea, Financial Advisory Manager, Deloitte Romania.

With a team of 50 experts, Deloitte is one of the leading players in Romania in financial advisory and provides services to both local and multinational clients active in the private and the public sector. In 2020, Deloitte Romania’s Financial Advisory team was involved in over 100 complex projects through all its service lines.

Deloitte provides worldwide audit, consulting, legal, financial advisory, risk advisory, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500 companies through a globally connected network of member firms in more than 150 countries and territories, bringing world-class capabilities, insights, and high-quality service to address clients' most complex business challenges. Deloitte's goal is to make an impact that matters through its more than 330,000 professionals.

Deloitte Romania is one of the leading professional services organizations in the country providing, in cooperation with Reff & Associates | Deloitte Legal, services in audit, tax, legal, consulting, financial advisory, risk advisory, business processes as well as technology services and other related services, through 2,000 professionals.

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