SAN DIEGO, July 27, 2004 (PRIMEZONE) -- Sagient Research Systems (OTCBB:PCSR), a leading publisher of independent research for the financial services and institutional investment communities, today announced that Roth Capital Partners, LLC ranked as the No. 1 investment bank in the PIPE market in the second quarter of 2004 for both total dollars raised and number of transactions. Laurus Funds topped the list of most active institutional investors during the second quarter of 2004.
PlacementTracker, a flagship product of Sagient Research Systems, is well recognized as the leading provider of research, data, and analytics covering the PIPE market.
Commenting on the League Tables, Robert F. Kyle, executive vice president of Sagient Research said: "In the second quarter, the PIPE market experienced a slight slow-down from the brisk activity of the previous three quarters. We believe that the weakness and low liquidity in the general market were the main catalysts for the decreased activity, although we point out that second quarter deal count and total investment amount increased by 60% and 40% respectively over the second quarter of 2003. As always, we congratulate all of the active agents and investors in the PIPE market for a tremendous second quarter, especially those leaders who topped the League Tables. Many of these firms are long-time clients of PlacementTracker, and we look forward to continuing to provide them with industry leading data, research, and analytics to help keep them on top of this market."
PlacementTracker's dynamically updating League Tables are now available online at: http://www.sagientresearch.com/pt/leaguetables.cfm.
The Q2 2004 PIPE Market Investment Banking League Table
By Dollar Amount Raised:
Placement Agent Name Transaction Count Total Amount Raised
-------------------- ----------------- -------------------
Roth Capital Partners,
LLC 9 $ 111,648,696.00
The Chesapeake Group,
Inc. 1 $ 104,400,000.00
Alvarez & Marsal, LLC. 1 $ 104,400,000.00
Banc of America
Securities, LLC. 2 $ 102,345,000.00
Rodman & Renshaw, LLC. 8 $ 82,930,944.00
J.P. Morgan Chase & Co. 3 $ 82,298,987.00
SG Cowen & Co., LLC. 3 $ 79,156,104.00
Sterne, Agee & Leach, Inc. 1 $ 72,000,000.00
UBS Investment Bank 3 $ 60,094,002.00
C.E. Unterberg, Towbin 4 $ 54,903,400.00
Tejas Securities Group,
Inc. 2 $ 53,182,505.00
Thomas Weisel Partners,
LLC. 4 $ 52,589,860.00
Credit Suisse First
Boston Corp. 1 $ 40,000,001.00
SCO Financial Group, LLC. 3 $ 38,855,333.00
ThinkEquity Partners 2 $ 36,837,000.00
JMP Securities, LLC. 2 $ 36,037,000.00
H.C. Wainwright & Co. Inc. 7 $ 32,072,492.00
Emerging Growth Equities,
Ltd. 2 $ 30,250,002.00
Imperial Capital, LLC. 1 $ 29,000,000.00
Oppenheimer & Company,
Inc. 2 $ 27,592,500.00
Financo, Inc. 1 $ 27,179,515.00
Duncan Capital, LLC. 5 $ 26,102,970.00
CIBC World Markets 1 $ 25,957,000.00
CRT Capital Markets, LLC. 2 $ 25,521,033.00
Granite Financial Group,
Inc. 3 $ 24,925,004.00
Investment Banking rankings exclude all Equity Line of Credit
transactions and all PIPE transactions conducted by Canadian
domiciled issuers. 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 as reported as of
7/26/04.
The Q2 2004 PIPE Market Investment Banking League Table
By Number of Transactions:
Placement Agent Name Transaction Count Total Amount Raised
-------------------- ----------------- -------------------
Roth Capital Partners, LLC. 9 $ 111,648,696.00
Rodman & Renshaw, LLC. 8 $ 82,930,944.00
H.C. Wainwright & Co., Inc. 7 $ 32,072,492.00
Duncan Capital, LLC. 5 $ 26,102,970.00
C.E. Unterberg, Towbin 4 $ 54,903,400.00
Thomas Weisel Partners, LLC. 4 $ 52,589,860.00
J.P. Morgan Chase & Co. 3 $ 82,298,987.00
SG Cowen & Co., LLC. 3 $ 79,156,104.00
UBS Investment Bank 3 $ 60,094,002.00
SCO Financial Group, LLC. 3 $ 38,855,333.00
Granite Financial Group, Inc. 3 $ 24,925,004.00
Burnham Hill Partners 3 $ 23,776,437.00
Olympus Securities, LLC. 3 $ 15,159,605.00
The Shemano Group, Inc. 3 $ 10,493,399.00
Maxim Group, LLC. 3 $ 7,500,000.00
J.P. Turner & Co. 3 $ 6,181,488.00
Banc of America Securities,
LLC. 2 $ 102,345,000.00
Tejas Securities Group, Inc. 2 $ 53,182,505.00
ThinkEquity Partners 2 $ 36,837,000.00
JMP Securities, LLC. 2 $ 36,037,000.00
Emerging Growth Equities, Ltd. 2 $ 30,250,002.00
Oppenheimer & Company, Inc. 2 $ 27,592,500.00
CRT Capital Markets, LLC. 2 $ 25,521,033.00
HPC Capital Management
Corporation 2 $ 24,888,400.00
Griffin Securities, Inc. 2 $ 20,500,000.00
Investment Banking rankings exclude all Equity Line of Credit
transactions and all PIPE transactions conducted by Canadian
domiciled issuers. 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 as reported as of 7/26/04.
The Q2 2004 PIPE Market Institutional Investor League Table
By Number of Transactions:
Investor Name Transaction Count Total Amount Invested
------------- ------------------ ---------------------
Laurus Funds 25 $ 82,450,000.00
Vertical Ventures Investments,
LLC. 24 $ 24,432,598.00
Omicron Capital, L.P. 24 $ 15,883,619.00
LH Financial Services
Corporation 22 $ 12,013,549.50
Highbridge International, LLC. 20 $ 54,545,687.00
DKR Management Company, Inc. 20 $ 13,700,682.80
Downsview Capital, Inc. 19 $ 16,111,409.00
Staro Asset Management, LLC. 16 $ 20,158,318.00
Bristol Capital Advisors, LLC. 14 $ 6,552,007.00
SRG Capital, LLC. 14 $ 2,845,349.00
Investor rankings exclude all Equity Line of Credit transactions and
all PIPE transactions conducted by Canadian domiciled issuers.
Investors classified as Corporate Investors and Insurance Companies
have been excluded from this ranking. Data is as reported as of
7/26/04.
About Sagient Research Systems
Sagient Research Systems is a publisher of independent research. We develop, produce, and sell proprietary research products to mutual funds, hedge funds, and investment banks. 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 to the financial services and institutional investment communities. For more information, please visit the Sagient Research Systems website at www.sagientresearch.com.
Safe Harbor Statement
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.