The first quarter of 2014 was a big one for U.S. M&A deals, with the number of billion-dollar transactions reaching new heights, according to data analyzed by Dealogic and accounting giant Ernst & Young. And now European M&A could be on the rebound as well, as indicated in a recent report by Bloomberg.

This week Germany has been a hotspot for high-end transactional work, with Düsseldorf-based conglomerate GEA Group unveiling an agreement Wednesday to sell its heat exchanger business to Frankfurt-based private equity firm Triton Partners in a deal valuing the unit at roughly $1.8 billion and Stuttgart-based auto giant Daimler announcing a $3.36 billion deal to cash out of a power systems joint venture with Rolls-Royce Holdings. This follows Clifford Chance and Weil, Gotshal & Manges nabbing roles on Symrise’s $1.8 billion buy of French food ingredient maker Diana from private equity firm Ardian, according to our previous reports.

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