San Diego, April 09, 2015 (GLOBE NEWSWIRE) -- PlacementTracker, the leading source for data and analysis to institutions in the PIPE market, today announced the most active investment banks, investors, and law firms in the U.S. PIPE market during the first quarter of 2015.
A total of $6.7 billion was raised in 225 transactions through the end of the first quarter. Of this amount, 2 transactions totaling $313 million have been announced but not yet closed as of 4/07/15.
We congratulate all of the active members of the PIPE community who have continued their momentum in to 2015. Most of these firms are long-time clients of PlacementTracker, and we are dedicated to providing them with access to the very best data and analytics available in our industry.
Most Active Participants Include:
- Roth Capital Partners, LLC as the most active placement agent
- H.C. Wainwright & Co., LLC as the most active placement agent for issuers in the Healthcare sector
- Empery Asset Management LP as the most active institutional investor
- Cooley LLP as the most active issuer counsel
- Schulte Roth & Zabel, LLP as the most active investor counsel
- Ellenoff Grossman & Schole LLP as the most active placement agent counsel
The Q1 2015 U.S. PIPE Market Investment Banking League Table
By Number of Transactions:
| Placement Agent Name | Transaction Count | Total Amount Placed | |
| Roth Capital Partners, LLC | 20 | $ | 534,036,109 |
| H.C. Wainwright & Co., LLC | 19 | $ | 292,856,300 |
| Maxim Group LLC | 13 | $ | 271,223,101 |
| Cowen and Company, LLC | 11 | $ | 485,557,418 |
| Jefferies & Company, Inc. | 9 | $ | 1,319,982,982 |
| Piper Jaffray & Co. | 8 | $ | 321,931,801 |
| MLV & Co. LLC | 6 | $ | 168,694,939 |
| Aegis Capital Corporation | 5 | $ | 81,559,000 |
| Northland Securities, Inc. | 5 | $ | 17,793,982 |
| William Blair & Company, LLC | 4 | $ | 158,769,310 |
| Ladenburg Thalmann & Co., Inc. | 4 | $ | 80,500,675 |
| National Securities Corporation | 4 | $ | 22,087,024 |
| Barclays Capital, Inc. | 3 | $ | 361,475,053 |
| Sandler O'Neill & Partners, L.P. | 3 | $ | 184,320,000 |
| RBC Capital Markets, Inc. | 3 | $ | 132,769,311 |
| Robert W. Baird & Co. | 3 | $ | 130,837,051 |
| SunTrust Robinson Humphrey, Inc. | 3 | $ | 129,375,005 |
| Stifel Nicolaus Weisel | 3 | $ | 128,249,984 |
| Wedbush PacGrow Life Sciences | 3 | $ | 106,199,737 |
| JMP Securities LLC | 3 | $ | 100,244,998 |
| Cantor Fitzgerald & Company | 3 | $ | 86,769,309 |
| Janney Montgomery Scott, Inc. | 3 | $ | 63,507,049 |
| Oppenheimer & Co. Inc. | 3 | $ | 61,664,998 |
| Laidlaw & Company (UK) Ltd. | 3 | $ | 39,061,558 |
| Craig-Hallum Capital Group LLC | 3 | $ | 31,515,976 |
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 4/07/15.
The Q1 2015 U.S. PIPE Market Healthcare Sector Investment Banking League Table
By Total Amount Placed:
| Placement Agent Name | Transaction Count | Total Amount Placed | |
| H.C. Wainwright & Co., LLC | 16 | $ | 278,538,239 |
| Roth Capital Partners, LLC | 13 | $ | 467,438,992 |
| Maxim Group LLC | 12 | $ | 267,823,101 |
| Cowen and Company, LLC | 9 | $ | 466,457,418 |
| Piper Jaffray & Co. | 8 | $ | 321,931,801 |
| Jefferies & Company, Inc. | 7 | $ | 319,982,987 |
| MLV & Co. LLC | 5 | $ | 166,694,939 |
| William Blair & Company, LLC | 4 | $ | 158,769,310 |
| RBC Capital Markets, Inc. | 3 | $ | 132,769,311 |
| Stifel Nicolaus Weisel | 3 | $ | 128,249,984 |
| JMP Securities LLC | 3 | $ | 100,244,998 |
| Cantor Fitzgerald & Company | 3 | $ | 86,769,309 |
| Ladenburg Thalmann & Co., Inc. | 3 | $ | 78,350,675 |
| Oppenheimer & Co. Inc. | 3 | $ | 61,664,998 |
| Laidlaw & Company (UK) Ltd. | 3 | $ | 39,061,558 |
| National Securities Corporation | 3 | $ | 19,711,249 |
| Needham & Company, LLC | 2 | $ | 135,757,432 |
| Robert W. Baird & Co. | 2 | $ | 118,994,997 |
| Guggenheim Securities, LLC | 2 | $ | 110,999,996 |
| Wedbush PacGrow Life Sciences | 2 | $ | 98,959,742 |
| WBB Securities, LLC | 2 | $ | 94,319,942 |
| Aegis Capital Corporation | 2 | $ | 72,109,000 |
| Wells Fargo Securities, LLC | 2 | $ | 64,370,000 |
| Griffin Securities, Inc. | 2 | $ | 60,437,500 |
| Canaccord Genuity Inc. (US) | 2 | $ | 59,999,997 |
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 4/07/15.
The Q1 2015 U.S. PIPE Market Institutional Investor League Table
By Number of Transactions:
| Investor Name | Transaction Count | Total Amount Invested | |
| Empery Asset Management LP | 12 | $ | 22,095,554 |
| Coliseum Capital Management, LLC | 4 | $ | 113,250,001 |
| Wolverine Asset Management | 4 | $ | 7,534,028 |
| Sabby Management, LLC | 4 | $ | 6,039,999 |
| Broadfin Capital, LLC | 4 | $ | 2,999,999 |
| Iroquois Capital L.P. | 4 | $ | 574,375 |
| LH Financial Services Corporation | 4 | $ | 250,000 |
| Luxor Capital Group | 3 | $ | 36,496,622 |
| Adage Capital Partners GP, LLC | 3 | $ | 24,401,748 |
| Perceptive Advisors, LLC | 3 | $ | 3,000,396 |
| Hudson Bay Capital Management L.P. | 3 | $ | 2,549,167 |
| Cormorant Asset Management, LLC | 3 | $ | 263,250 |
| EIG Global Energy Partners | 2 | $ | 750,000,000 |
| Anchorage Advisors LLC | 2 | $ | 249,999,995 |
| Prudential Capital Group | 2 | $ | 225,000,000 |
| Johnson & Johnson, Inc. (NYSE:JNJ) | 2 | $ | 75,000,003 |
| Hercules Tech. Growth Capital, Inc. | 2 | $ | 45,000,000 |
| MTP Energy Management LLC (Magnetar) | 2 | $ | 34,500,005 |
| Ortho-Clinical Diagnostics, Inc. | 2 | $ | 24,999,976 |
| GSO Capital Partners LP | 2 | $ | 24,006,400 |
| Brilliant King Group Limited | 2 | $ | 24,000,000 |
| Goldman Sachs & Co. | 2 | $ | 12,382,705 |
| Magnetar Financial LLC | 2 | $ | 10,000,011 |
| Poseidon Sports Limited | 2 | $ | 6,000,000 |
| T. Rowe Price Associates, Inc. | 2 | $ | 5,499,091 |
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 4/07/15.
The Q1 2015 PIPE Market Issuer Counsel League Table
By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised | ||
| Cooley LLP | 5 | $ | 128,315,990 | |
| Sichenzia Ross Friedman Ference, LLP | 5 | $ | 103,927,995 | |
| Greenberg Traurig, LLP | 5 | $ | 84,854,996 | |
| Goodwin Procter, LLP | 4 | $ | 36,450,002 | |
| Paul Hastings LLP | 4 | $ | 30,671,125 | |
| Vinson & Elkins, LLP | 3 | $ | 1,230,720,848 | |
| Wilmer Cutler Pickering Hale & Dorr, LLP | 3 | $ | 193,995,000 | |
| TroyGould PC | 3 | $ | 113,349,999 | |
| Wyrick Robbins Yates & Ponton, LLP | 3 | $ | 100,112,493 | |
| Latham & Watkins, LLP | 3 | $ | 74,087,496 | |
| Morgan, Lewis & Bockius, LLP | 3 | $ | 59,952,303 | |
| Haynes and Boone, LLP | 3 | $ | 31,166,470 | |
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC | 3 | $ | 25,500,000 | |
| DLA Piper | 3 | $ | 18,897,463 | |
| Akerman LLP | 2 | $ | 138,499,042 | |
| Ropes & Gray | 2 | $ | 88,749,990 | |
| Alston & Bird, LLP | 2 | $ | 82,860,713 | |
| Manatt, Phelps & Phillips, LLP | 2 | $ | 61,000,005 | |
| Morrison & Foerster, LLP | 2 | $ | 40,250,000 | |
| Norton Rose Fulbright | 2 | $ | 39,000,000 | |
| Pillsbury, Winthrop, Shaw & Pittman, LLP | 2 | $ | 36,800,000 | |
| Schulte Roth & Zabel, LLP | 2 | $ | 35,000,000 | |
| Clifford Chance US, LLP | 2 | $ | 24,999,976 | |
| McMillan LLP | 2 | $ | 16,671,857 | |
| Loeb & Loeb, LLP | 2 | $ | 15,388,250 | |
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 4/07/15.
The Q1 2015 PIPE Market Investor Counsel League Table
By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised | ||||
| Schulte Roth & Zabel, LLP | 23 | $ | 509,706,063 | |||
| Kelley Drye & Warren, LLP | 4 | $ | 17,093,056 | |||
| Paul Hastings LLP | 3 | $ | 97,500,000 | |||
| Kirkland & Ellis | 2 | $ | 999,999,995 | |||
| Skadden, Arps, Slate, Meagher & Flom, LLP | 2 | $ | 999,999,995 | |||
| Willkie, Farr & Gallagher | 2 | $ | 136,123,942 | |||
| Carey Olsen | 2 | $ | 24,999,976 | |||
| Greenberg Traurig, LLP | 2 | $ | 16,912,500 | |||
| Peter J. Weisman, PC | 2 | $ | 9,318,056 | |||
| Ellenoff Grossman & Schole LLP | 2 | $ | 4,900,500 | |||
| Thompson & Knight, LLP | 1 | $ | 440,000,000 | |||
| Gibson, Dunn & Crutcher, LLP | 1 | $ | 24,813,000 | |||
| Akin, Gump, Strauss, Hauer & Feld, LLP | 1 | $ | 15,000,000 | |||
| Klee, Tuchin, Bogdanoff & Stern LLP | 1 | $ | 15,000,000 | |||
| Simpson Thacher Bartlett, LLP | 1 | $ | 15,000,000 | |||
| Fried, Frank, Harris, Shriver & Jacobson | 1 | $ | 14,667,960 | |||
| Goodmans, LLP | 1 | $ | 12,989,740 | |||
| Haynes and Boone, LLP | 1 | $ | 12,989,740 | |||
| Kilpatrick Townsend & Stockton LLP | 1 | $ | 10,000,000 | |||
| Mayer Brown LLP | 1 | $ | 9,350,000 | |||
| Lowenstein Sandler LLP | 1 | $ | 5,584,963 | |||
| Wilson Sonsini Goodrich & Rosati | 1 | $ | 5,000,000 | |||
| Dorsey & Whitney, LLP | 1 | $ | 3,250,000 | |||
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC | 1 | $ | 1,464,000 | |||
| Morgan, Lewis & Bockius, LLP | 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 4/07/15.
The Q1 2015 PIPE Market Placement Agent Counsel League Table
By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised | |
| Ellenoff Grossman & Schole LLP | 13 | $ | 85,985,144 |
| Goodwin Procter, LLP | 9 | $ | 267,706,983 |
| Latham & Watkins, LLP | 5 | $ | 214,852,814 |
| Faegre Baker Daniels LLP | 5 | $ | 28,112,310 |
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC | 4 | $ | 193,357,441 |
| Cooley LLP | 2 | $ | 76,749,992 |
| LeClairRyan, PC | 2 | $ | 71,828,997 |
| K&L Gates LLP | 2 | $ | 45,999,995 |
| Proskauer Rose, LLP | 2 | $ | 41,199,998 |
| Torys, LLP | 2 | $ | 37,374,997 |
| Sichenzia Ross Friedman Ference, LLP | 2 | $ | 23,449,998 |
| Lowenstein Sandler LLP | 2 | $ | 22,743,860 |
| Duane Morris, LLP | 2 | $ | 9,711,249 |
| Graubard Miller | 2 | $ | 5,100,000 |
| Kendall, Koenig & Oelsner, PC | 1 | $ | 650,000,000 |
| Vinson & Elkins, LLP | 1 | $ | 500,000,000 |
| Norton Rose Fulbright | 1 | $ | 60,000,000 |
| Covington & Burling | 1 | $ | 56,000,000 |
| Morgan, Lewis & Bockius, LLP | 1 | $ | 54,999,996 |
| Gibson, Dunn & Crutcher, LLP | 1 | $ | 49,995,000 |
| Choate, Hall & Stewart, LLP | 1 | $ | 37,000,000 |
| Porter & Hedges, LLP | 1 | $ | 27,500,000 |
| McDermott, Will & Emery | 1 | $ | 22,999,997 |
| Davis Polk & Wardwell LLP | 1 | $ | 21,499,998 |
| Nelson Mullins Riley & Scarborough, LLP | 1 | $ | 15,112,500 |
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 4/07/15.
About PlacementTracker
PlacementTracker, a flagship product of Sagient Research Systems, is well recognized as the leading provider of research, data, and analytics covering the PIPE market (Private Investment in Public Equity). With data on every private placement since January 1, 1995, PlacementTracker's web-based platform provides subscribers with an easy to use, comprehensive means to: evaluate PIPE transactions & investors, perform quick transaction pricing, identify potential issuers and investors, and compile comparable transaction, investor & agent statistics. PlacementTracker's dynamically updating League Tables are available online at: http://www.placementtracker.com/leaguetables.cfm.
See a live PlacementTracker demo at the upcoming 2nd Annual Growth Capital Expo being held on April 12-14, 2015 at Caesars Palace in Las Vegas, NV, or schedule a quick online demo for whenever is convenient.
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About Sagient Research Systems
Sagient Research Systems is a publisher of specialized research and data. They develop and sell proprietary research products to global enterprises, including investment banks, mutual and hedge funds, pharmaceutical companies, academic institutions, and government agencies. In each of 2007, 2008, 2009, 2010, and 2012 Sagient Research was named to the Inc. 5000 list of fastest growing companies. In 2012, Sagient was acquired by Informa Plc (LON:INF).