Workshop

Locked box transaction processes. Valuation implications in the transaction context

Date

October 14, 2025

Location

Park Inn by Radisson Bucharest Hotel & Residence, Jupiter Room, 2-4 Luterană Street, Bucharest, 010162

ORGANIZERS

Register now

Event details

In an increasingly competitive deal environment, this event offers private equity professionals critical insights into the locked box transaction mechanism from a financial and legal perspective, along with valuation insights in transactional context (negotiation, earn-outs, synergies) to help maximize value and mitigate transaction risks.

Agenda

09:00 – 09:20

Coffee/breakfast

09:20 – 10:30

Session 1 - Locked box & Q&A

Topics:

Introduction to the session;  locked box mechanisms in PE deals

Locked Box Overview: Key principles, comparison with completion accounts, and why PE favors locked box

Core Components & Protections: Locked box date, value leakage, permitted leakage, ticking fees, seller protections, and selection of locked box mechanisms vs completion accounts

Locked Box vs Completion accounts: Benefits and risks

Interactive Q&A: Questions and open discussion

Wrap-Up: Summary & key takeaways

10:30 – 11:15

Session 2 - Valuations & Q&A

Topics:

DCF vs multiples-based valuations in transaction context

Negotiation vs earn-outs (linking price to sellers’ forecasts)

Synergies estimations, sharing and retaining

Evolution of WACC and multiples by sector

11:15 – 11:30

Wrap-up and closing remarks

Speakers

  • Liliana Busoiu-rb

    Liliana Busoiu

    Partner

    EY Parthenon Financial Diligence Leader

  • Alexandru Ontica-rb

    Alexandru Ontica

    Director

    EY Parthenon Financial Diligence

  • Alexandra Brinzan-rb

    Alexandra Brinzan

    Senior Manager

    EY Parthenon Financial Diligence

  • Radu Diaconu-rb

    Radu Diaconu

    Managing Partner, Leader of the business law practice of EY Law

    Băncilă, Diaconu și Asociații SPRL

  • Stefan Mantea-rb

    Stefan Mantea

    Partner, Mergers & Acquisitions, Corporate and Commercial

    Băncilă, Diaconu și Asociații SPRL

  • Rober Iancu-rb2

    Robert Iancu

    Senior Manager

    EY Parthenon Valuation and Business Modeling

Registration INFO

This is an event for ROPEA members. If you are not a ROPEA member but you would like to participate, please reach out to us at elena.pascal@ropea.ro. Registration is limited to maximum 2 people from the same company. All the discussion will be held in Romanian (no translation offered).