Merger and acquisition (M&A) transactions in the Middle East totaled 119 with a combined value of $3.6 billion in the first quarter of 2011, Zephyr Quarterly M&A Report issued by Bureau van Dijk (BvD) said Monday. It noted that the results were “”respectable despite unrest in the Middle East and North Africa.”
According to Zephyr data, deal value weakened 22 percent from $4.6 billion in Q4 2010 and was 60 percent lower than the $9 billion recorded in Q1 2010.
However, the Q1 2011 result was flattered by low valuations in Q3 2010 and frail deal activity in Q3 2009.
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