San Diego, Oct. 3, 2012 (GLOBE NEWSWIRE) -- Sagient Research Systems, a leading publisher of independent research for the financial services and institutional investment communities, today announced that Roth Capital Partners, LLC ranked as the number one most active investment bank and Fidelity Management & Research Corporation ranked as the number one most active institutional investor in the U.S. PIPE market during the first three quarters of 2012. We are also pleased to announce for the first time the most active investment bank in the healthcare sector: Cowen and Company, LLC.
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 Goodwin Procter, LLP ranked as the number one most active placement agent counsel in the U.S. PIPE market through the first three quarters of 2012.
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 activity in the PIPE market, Robert Kyle, Sagient Research's Chief Executive Officer said, "During the first three quarters of 2012, a total of $21.4 billion was raised in 642 transactions (of this amount, 8 transactions totaling $81.5 million have been announced but not yet closed as of 10/2/12). This compares to $22 billion raised through 740 transactions during the first three quarters of 2011. Although overall private deal volume is down year over year, activity in the healthcare sector has been strong so far in 2012, growing 13% by deal activity and 36% by amount raised. We congratulate all of the active members of the PIPE community for continued success in 2012. Many of our clients who are active in the growing healthcare sector are also taking advantage of our BioMedTracker product, which helps them better understand and keep track of the issuer's position in the biotech competitive landscape."
PlacementTracker's dynamically updating League Tables are available online at: http://www.placementtracker.com/pt/leaguetables.cfm. To better understand how BioMedTracker can complement your PlacementTracker subscription to fully understand the competitive landscape for issuers you invest in or advise, please click here.
The 2012 U.S. PIPE Market Investment Banking League Table
By Number of Transactions (through 10/02/12):
| Placement Agent Name | Transaction Count | Total Amount Placed |
| Roth Capital Partners, LLC | 31 | $ 661,463,734 |
| Rodman & Renshaw, LLC | 30 | $ 421,219,432 |
| Cowen and Company, LLC | 23 | $ 1,181,875,553 |
| JMP Securities LLC | 21 | $ 830,765,441 |
| Jefferies & Company, Inc. | 18 | $ 1,086,363,000 |
| Leerink Swann, LLC | 16 | $ 983,025,927 |
| Lazard | 15 | $ 646,638,516 |
| Oppenheimer & Co. Inc. | 14 | $ 680,810,500 |
| Piper Jaffray & Co. | 14 | $ 665,436,385 |
| Canaccord Genuity Inc. (US) | 14 | $ 499,662,882 |
| Aegis Capital Corporation | 13 | $ 163,006,086 |
| Stifel Nicolaus Weisel | 12 | $ 575,546,379 |
| Ladenburg Thalmann & Co., Inc. | 11 | $ 225,456,968 |
| Craig-Hallum Capital Group LLC | 10 | $ 157,004,755 |
| Maxim Group LLC | 9 | $ 164,707,601 |
| Chardan Capital Markets | 9 | $ 29,171,500 |
| Wedbush PacGrow Life Sciences | 8 | $ 427,322,532 |
| William Blair & Company, LLC | 8 | $ 365,644,501 |
| Barclays Capital, Inc. | 6 | $ 1,011,793,124 |
| J.P. Morgan Chase & Co. | 6 | $ 412,153,503 |
| Summer Street Research Partners | 6 | $ 215,746,500 |
| Needham & Company, LLC | 6 | $ 177,928,818 |
| Wells Fargo Securities, LLC | 5 | $ 593,285,672 |
| RBC Capital Markets, Inc. | 5 | $ 389,167,066 |
| Sandler O'Neill & Partners, L.P. | 5 | $ 167,163,600 |
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 10/02/12.
The 2012 U.S. Healthcare PIPE Market Investment Banking League Table
By Number of Transactions (through 10/02/12):
| Placement Agent Name | Transaction Count | Total Amount Placed |
| Cowen and Company, LLC | 22 | $ 1,146,875,553 |
| Rodman & Renshaw, LLC | 21 | $ 258,529,148 |
| JMP Securities LLC | 20 | $ 800,761,641 |
| Roth Capital Partners, LLC | 18 | $ 452,137,264 |
| Leerink Swann, LLC | 16 | $ 983,025,927 |
| Jefferies & Company, Inc. | 16 | $ 957,363,000 |
| Oppenheimer & Co. Inc. | 12 | $ 630,503,250 |
| Piper Jaffray & Co. | 12 | $ 558,592,635 |
| Canaccord Genuity Inc. (US) | 12 | $ 457,328,882 |
| Stifel Nicolaus Weisel | 10 | $ 528,446,379 |
| William Blair & Company, LLC | 8 | $ 365,644,501 |
| Aegis Capital Corporation | 8 | $ 90,240,425 |
| Wedbush PacGrow Life Sciences | 7 | $ 367,522,532 |
| Ladenburg Thalmann & Co., Inc. | 7 | $ 120,833,418 |
| Lazard | 6 | $ 381,746,888 |
| Summer Street Research Partners | 6 | $ 215,746,500 |
| J.P. Morgan Chase & Co. | 5 | $ 367,153,503 |
| Needham & Company, LLC | 5 | $ 170,648,818 |
| Maxim Group LLC | 5 | $ 86,428,465 |
| Craig-Hallum Capital Group LLC | 4 | $ 44,395,000 |
| Wells Fargo Securities, LLC | 3 | $ 311,675,000 |
| Morgan Stanley | 3 | $ 290,033,618 |
| RBC Capital Markets, Inc. | 3 | $ 179,163,282 |
| Brean Murray, Carret & Co. | 3 | $ 149,988,750 |
| Laidlaw & Company (UK) Ltd. | 3 | $ 7,504,850 |
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 10/02/12.
The 2012 U.S. PIPE Market Investment Banking League Table
By Total Amount Placed (through 10/02/12):
| Placement Agent Name | Transaction Count | Total Amount Placed |
| Credit Suisse Securities (USA) LLC Contact Info | 3 | $ 2,100,207,247 |
| Cowen and Company, LLC Contact Info | 23 | $ 1,181,875,553 |
| Jefferies & Company, Inc. Contact Info | 18 | $ 1,086,363,000 |
| Barclays Capital, Inc. Contact Info | 6 | $ 1,011,793,124 |
| Leerink Swann, LLC Contact Info | 16 | $ 983,025,927 |
| JMP Securities LLC Contact Info | 21 | $ 830,765,441 |
| Oppenheimer & Co. Inc. Contact Info | 14 | $ 680,810,500 |
| Piper Jaffray & Co. Contact Info | 14 | $ 665,436,385 |
| Roth Capital Partners, LLC Contact Info | 31 | $ 661,463,734 |
| Lazard Contact Info | 15 | $ 646,638,516 |
| Wells Fargo Securities, LLC Contact Info | 5 | $ 593,285,672 |
| Stifel Nicolaus Weisel Contact Info | 12 | $ 575,546,379 |
| DnB NOR Markets Contact Info | 2 | $ 550,000,000 |
| Nordea Bank Denmark A/S Contact Info | 2 | $ 550,000,000 |
| Arctic Securities Contact Info | 2 | $ 550,000,000 |
| Canaccord Genuity Inc. (US) Contact Info | 14 | $ 499,662,882 |
| Goldman, Sachs & Co. Contact Info | 2 | $ 469,575,599 |
| Wedbush PacGrow Life Sciences Contact Info | 8 | $ 427,322,532 |
| Rodman & Renshaw, LLC Contact Info | 30 | $ 421,219,432 |
| J.P. Morgan Chase & Co. Contact Info | 6 | $ 412,153,503 |
| RBC Capital Markets, Inc. Contact Info | 5 | $ 389,167,066 |
| William Blair & Company, LLC Contact Info | 8 | $ 365,644,501 |
| RS Platou Markets AS Contact Info | 2 | $ 327,000,000 |
| Pareto Securities Contact Info | 2 | $ 313,144,000 |
| SEB Enskilda AS Contact Info | 1 | $ 300,000,000 |
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 10/02/12.
The 2012 U.S. PIPE Market Institutional Investor League Table
By Number of Transactions (through 10/02/12):
| Investor Name | Transaction Count | Total Amount Invested |
| Fidelity Management & Research Corporation | 35 | $ 171,682,324 |
| Heights Capital Management, Inc. | 30 | $ 140,116,841 |
| Hudson Bay Capital Management L.P. | 27 | $ 112,998,742 |
| Millennium Management, LLC | 21 | Not Disclosed |
| Teachers Insurance and Annuity Association | 21 | Not Disclosed |
| Downsview Capital, Inc. | 20 | $ 10,557,618 |
| Iroquois Capital L.P. | 20 | $ 9,787,007 |
| D.E. Shaw & Co., L.P. | 19 | Not Disclosed |
| Kingsbrook Partners, LP | 18 | $ 13,661,506 |
| UBS O'Connor LLC | 18 | $ 13,343,746 |
| Baker Brothers Advisors, LLC | 17 | $ 89,639,800 |
| Deerfield Management | 17 | $ 41,950,001 |
| Columbia Management Investment Advisers, LLC | 17 | $ 4,144,560 |
| T. Rowe Price Associates, Inc. | 13 | $ 79,893,668 |
| Brio Capital Management LLC | 13 | $ 3,200,001 |
| Perceptive Advisors, LLC | 13 | $ 2,000,000 |
| AQR Capital Management, LLC | 13 | Not Disclosed |
| Citadel Advisors, LLC | 12 | $ 25,990,901 |
| Wellington Management Company LLP | 12 | $ 23,161,631 |
| Ayer Capital Management, LP | 12 | $ 14,050,000 |
| DAFNA Capital Management, LLC | 12 | $ 4,250,002 |
| S.A.C. Capital Advisors, LLC | 12 | Not Disclosed |
| Two Sigma Investments, LLC | 12 | Not Disclosed |
| Empery Asset Management LP | 11 | $ 34,379,564 |
| Frost Group, LLC (The) | 7 | $ 14,850,000 |
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 10/02/12.
The 2012 PIPE Market Issuer Counsel League Table
By Number of Transactions (through 10/02/12):
| Legal Counsel | Transaction Count | Total Amount Advised |
| Cooley LLP | 22 | $ 1,041,396,212 |
| Latham & Watkins, LLP | 12 | $ 380,481,614 |
| Sichenzia Ross Friedman Ference, LLP | 12 | $ 80,218,104 |
| Ropes & Gray | 8 | $ 297,886,622 |
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC | 8 | $ 200,736,996 |
| Wilson Sonsini Goodrich & Rosati | 8 | $ 197,446,460 |
| Greenberg Traurig, LLP | 8 | $ 111,207,627 |
| Skadden, Arps, Slate, Meagher & Flom, LLP | 7 | $ 1,092,635,806 |
| Goodwin Procter, LLP | 6 | $ 171,463,541 |
| Dorsey & Whitney, LLP | 6 | $ 151,240,879 |
| Pillsbury, Winthrop, Shaw & Pittman, LLP | 6 | $ 77,005,002 |
| Anslow & Jaclin, LLP | 6 | $ 11,008,947 |
| Jones Day | 5 | $ 618,530,005 |
| Fenwick & West, LLP | 5 | $ 381,308,640 |
| Wilmer Cutler Pickering Hale & Dorr, LLP | 5 | $ 146,336,795 |
| K&L Gates LLP | 5 | $ 71,040,001 |
| Morrison & Foerster, LLP | 5 | $ 57,113,023 |
| Graubard Miller | 5 | $ 39,973,053 |
| Ellenoff Grossman & Schole LLP | 5 | $ 18,500,000 |
| Vinson & Elkins, LLP | 4 | $ 894,687,508 |
| Woodburn & Wedge | 4 | $ 106,007,505 |
| Lowenstein Sandler, PC | 4 | $ 78,427,743 |
| DLA Piper | 4 | $ 38,077,500 |
| Wachtell, Lipton, Rosen & Katz | 3 | $ 469,070,500 |
| Stradling, Yocca, Carlson & Rauth, PC | 3 | $ 292,907,001 |
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 10/02/12.
The 2012 PIPE Market Investor Counsel League Table
By Number of Transactions (through 10/02/12):
| Legal Counsel | Transaction Count | Total Amount Advised |
| Schulte Roth & Zabel, LLP | 59 | $ 2,198,381,530 |
| Greenberg Traurig, LLP | 16 | $ 283,815,194 |
| Ropes & Gray | 7 | $ 210,863,601 |
| Ellenoff Grossman & Schole LLP | 7 | $ 33,668,000 |
| Latham & Watkins, LLP | 6 | $ 1,954,057,610 |
| Grushko & Mittman, PC | 4 | $ 7,360,000 |
| Baker Botts, LLP | 3 | $ 497,387,431 |
| DLA Piper | 3 | $ 490,000,031 |
| Vinson & Elkins, LLP | 3 | $ 235,001,009 |
| Sullivan & Cromwell | 3 | $ 97,299,988 |
| Sichenzia Ross Friedman Ference, LLP | 3 | $ 13,566,281 |
| Peter J. Weisman, PC | 3 | $ 4,645,000 |
| Munger, Tolles & Olson, LLP | 2 | $ 805,000,055 |
| Simpson Thacher Bartlett, LLP | 2 | $ 516,069,000 |
| Thompson & Knight, LLP | 2 | $ 280,000,325 |
| Sidley Austin LLP | 2 | $ 275,000,000 |
| Wilson Sonsini Goodrich & Rosati | 2 | $ 203,463,240 |
| Skadden, Arps, Slate, Meagher & Flom, LLP | 2 | $ 79,848,903 |
| Jones Day | 2 | $ 62,000,012 |
| O'Melveny & Myers, LLP | 2 | $ 41,000,000 |
| Katten Muchin Rosenman, LLP | 2 | $ 33,000,000 |
| Lowenstein Sandler, PC | 2 | $ 10,251,497 |
| Seward & Kissel LLP | 2 | $ 5,331,182 |
| Foley & Lardner | 1 | $ 400,000,000 |
| White & Case, LLP | 1 | $ 400,000,000 |
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 10/02/12.
The 2012 PIPE Market Placement Agent Counsel League Table
By Number of Transactions (through 10/02/12):
| Legal Counsel | Transaction Count | Total Amount Advised |
| Goodwin Procter, LLP | 32 | $ 936,181,700 |
| Ellenoff Grossman & Schole LLP | 29 | $ 135,657,046 |
| Latham & Watkins, LLP | 14 | $ 978,749,388 |
| Proskauer Rose, LLP | 11 | $ 306,759,926 |
| Lowenstein Sandler, PC | 10 | $ 76,847,147 |
| Sullivan & Cromwell | 4 | $ 247,418,750 |
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC | 4 | $ 114,999,560 |
| Zysman, Aharoni, Gayer & Company Law Offices | 4 | $ 17,627,883 |
| Cooley LLP | 3 | $ 135,124,992 |
| Sichenzia Ross Friedman Ference, LLP | 3 | $ 21,027,260 |
| Morrison & Foerster, LLP | 2 | $ 230,003,800 |
| Willkie, Farr & Gallagher | 2 | $ 190,033,618 |
| Covington & Burling | 2 | $ 103,775,000 |
| Davis Polk & Wardwell | 2 | $ 101,375,000 |
| Dewey & LeBoeuf LLP | 2 | $ 81,908,750 |
| Davis Polk & Wardwell LLP | 2 | $ 56,019,999 |
| Reed Smith, LLP | 2 | $ 56,000,040 |
| Ropes & Gray | 2 | $ 55,500,150 |
| K&L Gates LLP | 2 | $ 47,485,500 |
| Goodmans, LLP | 2 | $ 39,760,376 |
| LeClairRyan, PC | 2 | $ 34,500,006 |
| Jones Day | 2 | $ 32,355,001 |
| Faegre & Benson, LLP | 2 | $ 15,294,255 |
| Littman Krooks, LLP | 2 | $ 14,997,608 |
| Andrews Kurth, LLP | 1 | $ 250,000,024 |
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 10/02/12.
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.