Deloitte Romania assisted AAylex Group in the acquisition of 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.