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CBS-Viacom merger advisers top media M&A ranking

J.P. Morgan Securities LLC maintained its position as the No. 1 media M&A adviser year-to-date through the third quarter, thanks largely to its work on two big transactions during the September period.

J.P. Morgan served as a financial adviser to CBS Corp. on its proposed merger of Viacom Inc., an all-stock transaction valued at about $20.25 billion. The firm also advised The Walt Disney Co. on its sale of 21 regional sports networks and FOX College Sports (US) to Sinclair Broadcast Group Inc. for a total purchase price of $9.6 billion. J.P. Morgan received total deal credit of $40.86 billion for its work on seven deals involving sector companies or assets based in the U.S., Canada or Bermuda, according to data from S&P Global Market Intelligence.

Four other advisers involved in the CBS-Viacom deal also ranked among the top advisers by deal credit. Moelis & Co. LLC, which advised CBS, climbed to second place from third between June and September with $34.03 billion in aggregate deal credit from nine deals as of Sept. 30. LionTree Advisors LLC, a Viacom adviser, did not make the top 10 list in the media M&A adviser ranking for the first six months of the year, but it jumped to the third spot as of Sept. 30 with $27.52 billion in deal credit for its work on six deals. Viacom advisers Morgan Stanley and Evercore Inc. ranked fourth and fifth, with $25.23 billion and $24.65 billion, respectively, in deal credit.

Kalil & Co. Inc. ranked No. 1 by total transactions, advising on 13 for $60.4 million in aggregate deal credit.

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