M&A Targeting Western Europe Dropped 60% Dec. to Jan.: Zephyr

Published January 31, 2012, 8:23 a.m. EST

Updated January 31, 2012, 7:23 a.m. EST

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LONDON - The value of mergers and acquisitions transactions whose targets were based in Western Europe fell over 60% from December to January, according to data from information provider Zephyr on Tuesday.

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Just four deals with Western European targets were valued over EUR1 billion ($1.3 billion) during January, Zephyr said in a statement. The largest such deal was the acquisition by Japan's Sumitomo Mitsui Financial Group Inc. of Royal Bank of Scotland PLC's aircraft-leasing business, RBS Aviation, for $7.3 billion, signed in January.

The U.K. was the leading destination for M&A activity both by volume and value, Zephyr said.

M&amp;A Targeting Western Europe Dropped 60% Dec. to Jan.: Zephyr

M&A Targeting Western Europe Dropped 60% Dec. to Jan.: Zephyr