JP Morgan tops dealmaking league table for start of 2013

INVESTMENT bank JP Morgan topped the M&A league tables for the first quarter of 2013 after working on deals worth $124.2bn (£82.2bn) during the period, according to figures released yesterday by Mergermarket.

The company leads the league table after working as adviser on the four mega-deals that dominated the market during the first three months of 2013: Berkshire Hathaway’s takeover of food firm Heinz, Liberty Global’s purchase of Virgin Media, Silver Lake’s proposed buyout of computer firm Dell, and Comcast’s purchase of a stake in NBC Universal.

Goldman Sachs took second place, while there was a strong performance from Lazard, which staked a claim to be one of the world’s top five global financial advisers after rising from thirteenth in the same quarter last year.

Centerview Partners was a surprise entrant in the list of top ten advisers, although its position was almost entirely due to its involvement in the Heinz deal.

The figures show that the US remains the main focus of M&A activity, with a total of 703 deals pushing the total sums involved ahead of the first quarter of 2012. By contrast the total value of European deals fell 28 per cent to $116.1bn over the same period.

Africa and the Middle East was the other bright spot, with the region posting a year-on-year improvement in deal value thanks to strong interest in energy, mining and utilities companies.