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 Cornerstone: A successful entry into the Romanian real estate market
Transaction cornerstones
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Atisreal, the real estate division of BNP Paribas, engaged BAC Romania as its adviser to identify potential acquisition targets in order to enter the Romanian market
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BAC filtered potential targets based on strategic fit, growth potential and management quality and identified Cornerstone, one of the largest independent real estate brokers on the Romanian market, as a potential acquisition target for Atisreal
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Cornerstone had operated under the C.B. Richard Ellis license from 2002 to June 2007
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BAC was responsible for structuring the transaction, negotiations and coordination of the due diligence process
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After completing the transaction, Atisreal became one of the top five players in Romania, in its respective market segment
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M&A