San Diego, April 3, 2013 (GLOBE NEWSWIRE) -- Sagient Research Systems, a leading publisher of independent research for the financial services and institutional investment communities, today announced that Dawson James Securities Inc. ranked as the number one most active investment bank and Deerfield Management ranked as the number one most active institutional investor in the U.S. PIPE market during the first quarter of 2013.
Sagient Research also announced that Cooley LLP ranked as the number one most active issuer counsel, Schulte Roth & Zabel, LLP ranked as the number one most active investor counsel, and Ellenoff Grossman & Schole LLP ranked as the number one most active placement agent counsel in the U.S. PIPE market during the first quarter of 2013.
The data was compiled using PlacementTracker, a flagship product of Sagient Research Systems, recognized as the leading source of research, data, and analytics covering the PIPE market.
Commenting on the activity in the PIPE market, Robert Kyle, Sagient Research's Chief Executive Officer said, "A total of $7.3 billion was raised in 203 transactions in the U.S. PIPE market during the first quarter this year. Of this amount, 7 transactions totaling $76 million have been announced but not yet closed as of 4/02/13. With major market indices finally back to all time highs, there has never been a better time for issuers to raise capital through PIPEs and we expect a busy year ahead. We congratulate all of the active members of the PIPE community who made the league tables this quarter, and wish them continued success the rest of the year. Most of these firms are long-time clients of PlacementTracker, and we are dedicated to providing them with the resources to stay on top of our ever-changing industry."
PlacementTracker's dynamically updating League Tables are available online at: http://www.placementtracker.com/leaguetables.cfm. To better understand how BioMedTracker can complement your PlacementTracker subscription and to fully understand the competitive landscape for issuers you invest in or advise, please click here.
The Q1 2013 U.S. PIPE Market Investment Banking League Table
By Number of Transactions:
| Placement Agent Name | Transaction Count | Total Amount Placed |
| Dawson James Securities, Inc. | 11 | $ 42,803,010 |
| Roth Capital Partners, LLC | 10 | $ 94,567,186 |
| Ladenburg Thalmann & Co., Inc. | 8 | $ 241,476,826 |
| Cowen and Company, LLC | 7 | $ 505,526,759 |
| Lazard | 7 | $ 136,544,990 |
| Leerink Swann, LLC | 6 | $ 556,317,575 |
| Craig-Hallum Capital Group LLC | 6 | $ 95,331,812 |
| Jefferies & Company, Inc. | 5 | $ 679,504,264 |
| Canaccord Genuity Inc. (US) | 5 | $ 242,930,236 |
| Brean Capital, LLC | 5 | $ 59,585,796 |
| RS Platou Markets AS | 4 | $ 565,490,554 |
| Robert W. Baird & Co. | 4 | $ 161,749,890 |
| Wedbush PacGrow Life Sciences | 4 | $ 122,213,855 |
| National Securities Corporation | 4 | $ 71,635,479 |
| William Blair & Company, LLC | 4 | $ 45,217,021 |
| Maxim Group LLC | 4 | $ 43,329,296 |
| Evercore Partners Inc. | 3 | $ 500,037,223 |
| J.P. Morgan Chase & Co. | 3 | $ 463,567,139 |
| Raymond James & Associates Inc. | 3 | $ 150,554,000 |
| Global Hunter Securities, LLC | 3 | $ 121,453,354 |
| Sandler O'Neill & Partners, L.P. | 3 | $ 119,114,000 |
| Piper Jaffray & Co. | 3 | $ 67,693,750 |
| Needham & Company, LLC | 3 | $ 64,950,312 |
| Burrill & Company | 3 | $ 21,289,988 |
| Aegis Capital Corporation | 3 | $ 16,758,750 |
Investment Banking rankings exclude all 144-A
Offerings, Equity Lines of Credit, At the Market Transactions,
Rights Offerings, Bought Deals, and all PIPE transactions conducted
by foreign issuers that trade in the U.S. on the Pink Sheets.
On transactions where an investment banking firm has acted solely
as Financial Advisor, that transaction has been excluded from that
firm's ranking. Co-agented transactions award full
transaction credit to all agents participating (regardless of
status of lead agent or co-agent). Data is for closed and
definitive agreement transactions reported as of 4/02/13.
The Q1 2013 U.S. Healthcare PIPE Market Investment Banking League Table
By Number of Transactions:
| Placement Agent Name | Transaction Count | Total Amount Placed |
| Dawson James Securities, Inc. | 8 | $ $34,154,006 |
| Cowen and Company, LLC | 7 | $ 505,526,759 |
| Leerink Swann, LLC | 6 | $ 556,317,575 |
| Ladenburg Thalmann & Co., Inc. | 6 | $ 225,041,826 |
| Jefferies & Company, Inc. | 5 | $ 679,504,264 |
| Wedbush PacGrow Life Sciences | 4 | $ 122,213,855 |
| Canaccord Genuity Inc. (US) | 3 | $ 155,427,361 |
| Robert W. Baird & Co. | 3 | $ 126,743,390 |
| Lazard | 3 | $ 62,349,999 |
| Roth Capital Partners, LLC | 3 | $ 47,305,056 |
| William Blair & Company, LLC | 3 | $ 33,217,021 |
| Craig-Hallum Capital Group LLC | 3 | $ 27,381,500 |
| Burrill & Company | 3 | $ 21,289,988 |
| Aegis Capital Corporation | 3 | $ 16,758,750 |
| J.P. Morgan Chase & Co. | 2 | $ 406,064,264 |
| Piper Jaffray & Co. | 2 | $ 57,193,750 |
| Oppenheimer & Co. Inc. | 2 | $ 51,099,920 |
| Brean Capital, LLC | 2 | $ 18,179,296 |
| Maxim Group LLC | 2 | $ 18,179,296 |
| Benchmark Company, LLC (The) | 2 | $ 11,500,000 |
| BMO Capital Markets Corp. | 1 | $ 323,201,903 |
| RBC Capital Markets, Inc. | 1 | $ 323,201,903 |
| UBS Securities LLC | 1 | $ 323,201,903 |
| Stifel Nicolaus Weisel | 1 | $ 52,440,000 |
| Cantor Fitzgerald & Company | 1 | $ 52,440,000 |
Investment Banking rankings exclude all 144-A
Offerings, Equity Lines of Credit, At the Market Transactions,
Rights Offerings, Bought Deals, and all PIPE transactions conducted
by foreign issuers that trade in the U.S. on the Pink Sheets.
On transactions where an investment banking firm has acted solely
as Financial Advisor, that transaction has been excluded from that
firm's ranking. Co-agented transactions award full
transaction credit to all agents participating (regardless of
status of lead agent or co-agent). Data is for closed and
definitive agreement transactions reported as of 4/02/13.
The Q1 2013 U.S. PIPE Market Investment Banking League Table
By Total Amount Placed:
| Placement Agent Name | Transaction Count | Total Amount Placed |
| Goldman Sachs (Asia) LLC | 1 | $ 3,099,692,239 |
| Jefferies & Company, Inc. | 5 | $ 679,504,264 |
| RS Platou Markets AS | 4 | $ 565,490,554 |
| Leerink Swann, LLC | 6 | $ 556,317,575 |
| Cowen and Company, LLC | 7 | $ 505,526,759 |
| Evercore Partners Inc. | 3 | $ 500,037,223 |
| DnB NOR Markets | 2 | $ 465,037,200 |
| Clarkson Capital Markets | 2 | $ 465,037,200 |
| J.P. Morgan Chase & Co. | 3 | $ 463,567,139 |
| RBC Capital Markets, Inc. | 2 | $ 380,704,778 |
| BMO Capital Markets Corp. | 1 | $ 323,201,903 |
| UBS Securities LLC | 1 | $ 323,201,903 |
| Canaccord Genuity Inc. (US) | 5 | $ 242,930,236 |
| Ladenburg Thalmann & Co., Inc. | 8 | $ 241,476,826 |
| SEB Enskilda AS | 1 | $ 234,997,200 |
| Robert W. Baird & Co. | 4 | $ 161,749,890 |
| Raymond James & Associates Inc. | 3 | $ 150,554,000 |
| Lazard | 7 | $ 136,544,990 |
| Wedbush PacGrow Life Sciences | 4 | $ 122,213,855 |
| Global Hunter Securities, LLC | 3 | $ 121,453,354 |
| Sandler O'Neill & Partners, L.P. | 3 | $ 119,114,000 |
| S. Goldman Capital LLC | 2 | $ 100,453,354 |
| DVB Capital Markets | 2 | $ 100,453,354 |
| Craig-Hallum Capital Group LLC | 6 | $ 95,331,812 |
| Citigroup Global Markets, Inc. | 2 | $ 93,313,391 |
Investment Banking rankings exclude all 144-A
Offerings, Equity Lines of Credit, At the Market Transactions,
Rights Offerings, Bought Deals, and all PIPE transactions conducted
by foreign issuers that trade in the U.S. on the Pink Sheets.
On transactions where an investment banking firm has acted solely
as Financial Advisor, that transaction has been excluded from that
firm's ranking. Co-agented transactions award full
transaction credit to all agents participating (regardless of
status of lead agent or co-agent). Data is for closed and
definitive agreement transactions reported as of 4/02/13.
The Q1 2013 U.S. PIPE Market Institutional Investor League Tables
By Number of Transactions:
| Investor Name | Transaction Count | Total Amount Invested | |
| Deerfield Management | 4 | $ 31,500,000 | |
| Sabby Management, LLC | 4 | $ 5,600,000 | |
| Hudson Bay Capital Management L.P. | 4 | $ 4,525,000 | |
| Hercules Tech. Growth Capital, Inc. (NASDAQ: HTGC) | 3 | $ 28,000,000 | |
| Frost Group, LLC (The) | 3 | $ 4,400,000 | |
| Iroquois Capital L.P. | 3 | $ 1,625,000 | |
| Downsview Capital, Inc. | 3 | $ 1,250,001 | |
| Fulai Investments Limited | 2 | $ 24,510,000 | |
| Socius Capital Group, LLC | 2 | $ 15,500,148 | |
| OrbiMed Advisors, LLC | 2 | $ 11,762,001 | |
| Heights Capital Management, Inc. | 2 | $ 9,000,000 | |
| Aspire Capital Partners, Inc. | 2 | $ 1,250,000 | |
| Anson Capital, LP | 2 | $ 750,000 | |
| Empery Asset Management LP | 2 | $ 550,000 | |
| Castle Creek Capital | 2 | Not Disclosed | |
| GCP Capital Partners | 2 | Not Disclosed | |
| CITIC Capital Finance Limited | 1 | $ 467,878,815 | |
| Novolink Investments Limited | 1 | $ 199,999,996 | |
| Ashmore Investment Management Limited | 1 | $ 60,000,000 | |
| Natural Gas Partners | 1 | $ 55,800,000 | |
| Claradon Investments Limited | 1 | $ 50,000,010 | |
| White Deer Energy L.P. | 1 | $ 50,000,000 | |
| GSO Capital Partners LP | 1 | $ 39,999,982 | |
| Steel Partners Holdings L.P. (NYSE: SPLP) | 1 | $ 30,000,000 | |
| Bosland Limited | 1 | $ 29,999,997 | |
Investor rankings exclude all 144-A Offerings, Equity Lines of
Credit, At the Market Transactions, Rights Offerings, Bought Deals,
and all PIPE transactions conducted by foreign issuers that trade
in the U.S. on the Pink Sheets. Investors classified as
Corporate Investors and Insurance Companies have been excluded from
this ranking. Data is for closed and definitive agreement
transactions reported as of 4/02/13.
The Q1 2013 PIPE Market Issuer Counsel League Table
By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised |
| Cooley LLP | 7 | $ 150,959,322 |
| O'Melveny & Myers, LLP | 5 | $ 40,250,004 |
| Ropes & Gray | 4 | $ 103,851,361 |
| Troutman Sanders, LLP | 4 | $ 80,782,491 |
| Morgan, Lewis & Bockius, LLP | 4 | $ 64,537,238 |
| Dorsey & Whitney, LLP | 4 | $ 42,819,000 |
| Seward & Kissel LLP | 3 | $ 486,037,200 |
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC | 3 | $ 340,111,903 |
| Baker, Donelson, Bearman, Caldwell & Berkowitz, PC | 3 | $ 18,592,021 |
| Greenberg Traurig, LLP | 3 | $ 10,477,500 |
| Baker Botts, LLP | 2 | $ 98,545,000 |
| Wilmer Cutler Pickering Hale & Dorr, LLP | 2 | $ 92,502,795 |
| Patton Boggs, LLP | 2 | $ 43,950,000 |
| Vorys, Sater, Seymour & Pease, LLP | 2 | $ 42,000,000 |
| Arnold & Porter | 2 | $ 40,740,299 |
| Sichenzia Ross Friedman Ference, LLP | 2 | $ 40,415,402 |
| Latham & Watkins, LLP | 2 | $ 36,418,495 |
| Graubard Miller | 2 | $ 23,325,000 |
| Wyrick Robbins Yates & Ponton, LLP | 2 | $ 22,175,000 |
| Wilson Sonsini Goodrich & Rosati | 2 | $ 21,658,000 |
| Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP | 2 | $ 19,300,179 |
| DLA Piper | 2 | $ 19,125,000 |
| Duane Morris, LLP | 2 | $ 16,822,496 |
| Stradling, Yocca, Carlson & Rauth, PC | 2 | $ 15,999,999 |
| Perkins Coie, LLP | 2 | $ 6,901,767 |
Legal counsel rankings exclude all 144-A Offerings, Equity Lines
of Credit, At the Market Transactions, Rights Offerings, Bought
Deals, and all PIPE transactions conducted by foreign issuers that
trade in the U.S. on the Pink Sheets. Data is for closed and
definitive agreement transactions reported as of 4/02/13.
The Q1 2013 PIPE Market Investor Counsel League Table
By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised |
| Schulte Roth & Zabel, LLP | 13 | $ 232,457,691 |
| Vinson & Elkins, LLP | 3 | $ 145,085,000 |
| Greenberg Traurig, LLP | 3 | $ 15,300,001 |
| Peter J. Weisman, PC | 3 | $ 7,925,000 |
| DLA Piper | 2 | $ 44,590,000 |
| Matthew M. Guest, Esq. | 2 | $ 44,590,000 |
| Wachtell, Lipton, Rosen & Katz | 2 | $ 44,590,000 |
| Katten Muchin Rosenman, LLP | 2 | $ 30,500,000 |
| Latham & Watkins, LLP | 1 | $ 364,999,970 |
| Proskauer Rose, LLP | 1 | $ 364,999,970 |
| Andrews Kurth LLP | 1 | $ 59,260,000 |
| Baker Botts, LLP | 1 | $ 35,000,023 |
| Olshan Frome Wolosky LLP | 1 | $ 30,000,000 |
| Ellenoff Grossman & Schole LLP | 1 | $ 9,183,336 |
| Duane Morris, LLP | 1 | $ 8,727,786 |
| Richard A. Silfen, Esq. | 1 | $ 8,727,786 |
| Lowenstein Sandler, PC | 1 | $ 5,000,000 |
| Vincent & Rees, LC | 1 | $ 1,800,000 |
| John E. Parker | 1 | $ 1,500,000 |
| Honigman Miller Schwartz & Cohn | 1 | $ 1,000,000 |
Legal counsel rankings exclude all 144-A
Offerings, Equity Lines of Credit, At the Market Transactions,
Rights Offerings, Bought Deals, and all PIPE transactions conducted
by foreign issuers that trade in the U.S. on the Pink Sheets.
Data is for closed and definitive agreement transactions
reported as of 4/02/13.
The Q1 2013 PIPE Market Placement Agent Counsel League Table
By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised |
| Ellenoff Grossman & Schole LLP | 9 | $ 40,148,010 |
| Goodwin Procter, LLP | 8 | $ 141,560,467 |
| Proskauer Rose, LLP | 7 | $ 416,538,915 |
| Lowenstein Sandler, PC | 4 | $ 51,446,800 |
| Sichenzia Ross Friedman Ference, LLP | 3 | $ 17,650,000 |
| Covington & Burling | 2 | $ 135,302,361 |
| Ropes & Gray | 2 | $ 72,466,811 |
| Latham & Watkins, LLP | 2 | $ 46,053,391 |
| LeClairRyan, PC | 2 | $ 22,987,496 |
| Morgan, Lewis & Bockius, LLP | 2 | $ 22,562,400 |
| Davis Polk & Wardwell | 1 | $ 230,040,000 |
| Fried, Frank, Harris, Shriver & Jacobson | 1 | $ 50,001,255 |
| Cooley LLP | 1 | $ 46,000,000 |
| Bingham McCutchen, LLP | 1 | $ 37,950,000 |
| Andrews Kurth LLP | 1 | $ 35,490,000 |
| Polk & Wardwell LLP | 1 | $ 35,200,000 |
| Michael Best & Friedrich LLP | 1 | $ 35,006,500 |
| Dechert, LLP | 1 | $ 32,000,000 |
| Choate, Hall & Stewart, LLP | 1 | $ 20,125,000 |
| Stikeman Elliott LLP | 1 | $ 20,125,000 |
| Davis LLP | 1 | $ 18,000,000 |
| Faegre Baker Daniels LLP | 1 | $ 13,081,500 |
| Kaufman & Canoles | 1 | $ 12,900,000 |
| Reed Smith, LLP | 1 | $ 11,758,750 |
| K&L Gates LLP | 1 | $ 10,500,000 |
Legal counsel rankings exclude all 144-A Offerings, Equity Lines of Credit, At the Market Transactions, Rights Offerings, Bought Deals, and all PIPE transactions conducted by foreign issuers that trade in the U.S. on the Pink Sheets. Data is for closed and definitive agreement transactions reported as of 4/02/13.
About Sagient Research Systems
Sagient Research Systems is a publisher of specialized research and
data. We develop, produce, and sell proprietary research products
to global enterprises, including investment banks, mutual and hedge
funds, pharmaceutical companies, academic institutions, and
government agencies. Our business strategy is to continue to
leverage our development, technology, and marketing expertise to
solidify our position as a leading provider of independent
research. In each of 2007, 2008, 2009, 2010, and 2012 Sagient
Research was named to the Inc. 5000 list of fastest growing
companies. For more information, please visit the Sagient Research
Systems website at www.sagientresearch.com.
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