San Diego, CA, July 10, 2013 (GLOBE NEWSWIRE) -- Roth Capital Partners, LLC ranked as the number one most active investment bank and Sabby Management, LLC ranked as the number one most active institutional investor in the U.S. PIPE market during the first half of 2013. Cowen and Company, LLC once again ranked as the most active investment bank in the busiest segment of the market, the healthcare sector.
Sagient Research also announced the most active counsels in the U.S. PIPE market during the first half of 2013. 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.
Commenting on the activity in the PIPE market, Robert Kyle, Sagient Research's Chief Executive Officer said, "A total of $12.1 billion was raised in 383 transactions in the U.S. PIPE market during the first half of this year, of this amount, 6 transactions totaling $311 million have been announced but not yet closed as of 7/08/13."
The First Half 2013 U.S. PIPE Market Investment Banking League Table
By Number of Transactions:
| Placement Agent Name | Transaction Count | Total Amount Placed |
| Roth Capital Partners, LLC | 22 | $ 319,983,809 |
| Dawson James Securities, Inc. | 16 | $ 83,923,010 |
| Ladenburg Thalmann & Co., Inc. | 15 | $ 418,656,542 |
| Cowen and Company, LLC | 12 | $ 745,645,318 |
| Jefferies & Company, Inc. | 11 | $ 1,007,280,823 |
| Canaccord Genuity Inc. (US) | 9 | $ 446,785,229 |
| William Blair & Company, LLC | 9 | $ 210,132,024 |
| Lazard | 9 | $ 191,644,990 |
| Craig-Hallum Capital Group LLC | 9 | $ 155,187,889 |
| Aegis Capital Corporation | 8 | $ 45,864,345 |
| Robert W. Baird & Co. | 7 | $ 357,164,890 |
| Needham & Company, LLC | 7 | $ 274,915,378 |
| Stifel Nicolaus Weisel | 7 | $ 226,418,066 |
| RS Platou Markets AS | 6 | $ 925,490,551 |
| Leerink Swann, LLC | 6 | $ 561,597,575 |
| Brean Capital, LLC | 6 | $ 99,635,796 |
| JMP Securities LLC | 5 | $ 1,060,979,990 |
| Wedbush PacGrow Life Sciences | 5 | $ 145,213,848 |
| National Securities Corporation | 5 | $ 76,852,870 |
| Maxim Group LLC | 5 | $ 52,329,296 |
| H.C. Wainwright & Co., LLC | 5 | $ 36,255,252 |
| GVC Capital LLC | 5 | $ 26,627,506 |
| Evercore Partners Inc. | 4 | $ 800,037,220 |
| DVB Capital Markets | 4 | $ 460,453,351 |
| Global Hunter Securities, LLC | 4 | $ 421,453,351 |
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 7/08/13.
The First Half 2013 U.S. Healthcare PIPE Market Investment Banking League Table
By Number of Transactions:
| Placement Agent Name | Transaction Count | Total Amount Placed |
| Cowen and Company, LLC | 11 | $ 701,669,318 |
| Ladenburg Thalmann & Co., Inc. | 11 | $ 395,068,877 |
| Dawson James Securities, Inc. | 11 | $ 64,604,006 |
| Jefferies & Company, Inc. | 9 | $ 962,391,764 |
| Canaccord Genuity Inc. (US) | 7 | $ 359,282,354 |
| Roth Capital Partners, LLC | 7 | $ 184,630,058 |
| Leerink Swann, LLC | 6 | $ 561,597,575 |
| William Blair & Company, LLC | 6 | $ 125,492,028 |
| Stifel Nicolaus Weisel | 5 | $ 179,253,066 |
| Wedbush PacGrow Life Sciences | 5 | $ 145,213,848 |
| Robert W. Baird & Co. | 4 | $ 194,668,390 |
| Lazard | 4 | $ 79,449,999 |
| Craig-Hallum Capital Group LLC | 4 | $ 32,381,500 |
| Aegis Capital Corporation | 4 | $ 27,958,750 |
| Needham & Company, LLC | 3 | $ 195,317,566 |
| JMP Securities LLC | 3 | $ 160,980,002 |
| SunTrust Robinson Humphrey, Inc. | 3 | $ 160,444,566 |
| Brean Capital, LLC | 3 | $ 55,579,296 |
| H.C. Wainwright & Co., LLC | 3 | $ 31,835,252 |
| Burrill & Company | 3 | $ 21,289,988 |
| J.P. Morgan Chase & Co. | 2 | $ 406,064,264 |
| Cantor Fitzgerald & Company | 2 | $ 69,540,000 |
| Piper Jaffray & Co. | 2 | $ 60,972,813 |
| Chardan Capital Markets | 2 | $ 53,149,999 |
| Oppenheimer & Co. Inc. | 2 | $ 51,099,920 |
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 7/08/13.
The First Half 2013 U.S. PIPE Market Investment Banking League Table
By Total Amount Placed:
| Placement Agent Name | Transaction Count | Total Amount Placed |
| Jefferies & Company, Inc. | 9 | $ 962,391,764 |
| Cowen and Company, LLC | 11 | $ 701,669,318 |
| Leerink Swann, LLC | 6 | $ 561,597,575 |
| J.P. Morgan Chase & Co. | 2 | $ 406,064,264 |
| Ladenburg Thalmann & Co., Inc. | 11 | $ 395,068,877 |
| Canaccord Genuity Inc. (US) | 7 | $ 359,282,354 |
| BMO Capital Markets Corp. | 1 | $ 323,201,903 |
| RBC Capital Markets, Inc. | 1 | $ 323,201,903 |
| UBS Securities LLC | 1 | $ 323,201,903 |
| Needham & Company, LLC | 3 | $ 195,317,566 |
| Robert W. Baird & Co. | 4 | $ 194,668,390 |
| Roth Capital Partners, LLC | 7 | $ 184,630,058 |
| Stifel Nicolaus Weisel | 5 | $ 179,253,066 |
| JMP Securities LLC | 3 | $ 160,980,002 |
| SunTrust Robinson Humphrey, Inc. | 3 | $ 160,444,566 |
| Wedbush PacGrow Life Sciences | 5 | $ 145,213,848 |
| William Blair & Company, LLC | 6 | $ 125,492,028 |
| Lazard | 4 | $ 79,449,999 |
| Cantor Fitzgerald & Company | 2 | $ 69,540,000 |
| Mizuho Securities Co., Limited | 1 | $ 67,925,000 |
| Dawson James Securities, Inc. | 11 | $ 64,604,006 |
| Piper Jaffray & Co. | 2 | $ 60,972,813 |
| Barclays Capital, Inc. | 1 | $ 57,917,566 |
| Brean Capital, LLC | 3 | $ 55,579,296 |
| Chardan Capital Markets | 2 | $ 53,149,999 |
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 7/08/13.
The First Half 2013 U.S. PIPE Market Institutional Investor League Table
By Number of Transactions:
| Investor Name | Transaction Count | Total Amount Invested | |
| Sabby Management, LLC | 21 | $ 28,612,000 | |
| Millennium Management, LLC | 20 | $ 7,550,000 | |
| Heights Capital Management, Inc. | 12 | $ 12,444,000 | |
| Fidelity Management & Research Corporation | 12 | $ 5,018,976 | |
| AWM Investment Management (MGP Advisors, LLC) | 11 | $ 14,040,000 | |
| UBS O'Connor LLC | 10 | Not Disclosed | |
| Deerfield Management | 9 | $ 36,499,995 | |
| Hudson Bay Capital Management L.P. | 9 | $ 17,243,654 | |
| RA Capital Management, LLC | 9 | $ 10,799,989 | |
| Pine River Capital Management, LLC | 7 | $ 15,075,000 | |
| Empery Asset Management LP | 7 | $ 8,189,291 | |
| LH Financial Services Corporation | 7 | $ 5,900,003 | |
| Wellington Management Company LLP | 7 | $ 2,537,343 | |
| Citadel Advisors, LLC | 7 | $ 10,000 | |
| Morgan Stanley | 7 | Not Disclosed | |
| Perkins Capital Management, Inc. | 7 | Not Disclosed | |
| Hercules Tech. Growth Capital, Inc. (NASDAQ: HTGC) | 6 | $ 80,000,000 | |
| William Blair & Company, LLC | 6 | $ 7,234,500 | |
| Downsview Capital, Inc. | 6 | $ 4,007,983 | |
| DAFNA Capital Management, LLC | 6 | $ 399,996 | |
| Broadfin Capital, LLC | 6 | Not Disclosed | |
| Socius Capital Group, LLC | 5 | $ 29,000,149 | |
| Baker Brothers Advisors, LLC | 5 | $ 24,912,500 | |
| Adage Capital Partners GP, LLC | 5 | $ 10,499,997 | |
| Wolverine Asset Management | 5 | $ 9,485,476 | |
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 7/08/13.
The First Half 2013 U.S. PIPE Market Issuer Counsel League Table
By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised | |
| Cooley LLP | 12 | $ 308,959,312 | |
| Ropes & Gray | 8 | $ 162,801,835 | |
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC | 7 | $ 382,580,805 | |
| O'Melveny & Myers, LLP | 7 | $ 87,485,256 | |
| Greenberg Traurig, LLP | 7 | $ 37,616,250 | |
| DLA Piper | 6 | $ 249,579,479 | |
| Morgan, Lewis & Bockius, LLP | 6 | $ 83,667,238 | |
| Dorsey & Whitney, LLP | 6 | $ 50,219,002 | |
| Goodwin Procter, LLP | 5 | $ 178,927,149 | |
| Ellenoff Grossman & Schole LLP | 5 | $ 24,977,791 | |
| Seward & Kissel LLP | 4 | $ 506,132,141 | |
| K&L Gates LLP | 4 | $ 92,540,500 | |
| Baker, Donelson, Bearman, Caldwell & Berkowitz, PC | 4 | $ 87,592,021 | |
| Wyrick Robbins Yates & Ponton, LLP | 4 | $ 81,517,566 | |
| Troutman Sanders, LLP | 4 | $ 81,192,496 | |
| Sichenzia Ross Friedman Ference, LLP | 4 | $ 56,415,402 | |
| Duane Morris, LLP | 4 | $ 30,568,331 | |
| Anslow & Jaclin, LLP | 4 | $ 13,630,066 | |
| Proskauer Rose, LLP | 3 | $ 939,999,988 | |
| Jones Day | 3 | $ 414,527,000 | |
| Skadden, Arps, Slate, Meagher & Flom, LLP | 3 | $ 285,235,500 | |
| Reeder & Simpson P.C. | 3 | $ 130,096,196 | |
| Latham & Watkins, LLP | 3 | $ 113,980,995 | |
| Fulbright & Jaworski, LLP | 3 | $ 111,340,000 | |
| Morrison & Foerster, LLP | 3 | $ 50,662,046 | |
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 7/08/13.
The First Half 2013 U.S. PIPE Market Investor Counsel League Table
By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised | ||
| Schulte Roth & Zabel, LLP | 22 | $ 1,213,656,387 | ||
| Greenberg Traurig, LLP | 8 | $ 47,650,005 | ||
| Vinson & Elkins, LLP | 5 | $ 184,903,933 | ||
| Lowenstein Sandler, PC | 5 | $ 18,890,361 | ||
| Ellenoff Grossman & Schole LLP | 4 | $ 14,233,336 | ||
| Peter J. Weisman, PC | 4 | $ 12,925,000 | ||
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC | 3 | $ 46,000,472 | ||
| Proskauer Rose, LLP | 2 | $ 406,412,015 | ||
| Willkie, Farr & Gallagher | 2 | $ 213,242,400 | ||
| DLA Piper | 2 | $ 45,000,005 | ||
| Wachtell, Lipton, Rosen & Katz | 2 | $ 45,000,005 | ||
| Matthew M. Guest, Esq. | 2 | $ 45,000,005 | ||
| Olshan Frome Wolosky LLP | 2 | $ 32,104,500 | ||
| Katten Muchin Rosenman, LLP | 2 | $ 30,500,000 | ||
| Gallant Y.T. Ho & Company | 2 | $ 24,510,000 | ||
| O'Melveny & Myers, LLP | 2 | $ 20,995,500 | ||
| Grushko & Mittman, PC | 2 | $ 5,040,000 | ||
| Latham & Watkins, LLP | 1 | $ 364,999,970 | ||
| Clifford Chance US, LLP | 1 | $ 209,440,000 | ||
| Ropes & Gray | 1 | $ 135,000,000 | ||
| Skadden, Arps, Slate, Meagher & Flom, LLP | 1 | $ 77,114,000 | ||
| Andrews Kurth LLP | 1 | $ 59,260,000 | ||
| Kirkland & Ellis | 1 | $ 50,000,000 | ||
| Osborne Clarke S.L.P. | 1 | $ 41,412,045 | ||
| Baker Botts, LLP | 1 | $ 35,000,023 | ||
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 7/08/13.
The First Half 2013 U.S. PIPE Market Placement Agent Counsel League Table
By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised |
| Ellenoff Grossman & Schole LLP | 22 | $ 123,551,504 |
| Goodwin Procter, LLP | 16 | $ 252,439,775 |
| Proskauer Rose, LLP | 9 | $ 471,638,915 |
| Lowenstein Sandler, PC | 5 | $ 55,730,800 |
| Latham & Watkins, LLP | 4 | $ 162,853,387 |
| Cooley LLP | 4 | $ 137,308,335 |
| Sichenzia Ross Friedman Ference, LLP | 4 | $ 20,400,000 |
| Covington & Burling | 3 | $ 203,227,361 |
| Faegre Baker Daniels LLP | 3 | $ 59,192,566 |
| Morgan, Lewis & Bockius, LLP | 3 | $ 42,657,341 |
| LeClairRyan, PC | 3 | $ 39,257,996 |
| Morrison & Foerster, LLP | 3 | $ 25,500,010 |
| Pryor Cashman Sherman & Flynn, LLP | 3 | $ 22,766,501 |
| McGuireWoods, LLP | 2 | $ 899,999,988 |
| Choate, Hall & Stewart, LLP | 2 | $ 117,961,250 |
| Fried, Frank, Harris, Shriver & Jacobson | 2 | $ 110,001,255 |
| Dechert, LLP | 2 | $ 89,917,566 |
| DLA Piper | 2 | $ 83,647,500 |
| Ropes & Gray | 2 | $ 72,466,811 |
| Patton Boggs, LLP | 2 | $ 45,000,005 |
| Loeb & Loeb, LLP | 2 | $ 44,399,999 |
| K&L Gates LLP | 2 | $ 40,400,000 |
| Reed Smith, LLP | 2 | $ 22,508,750 |
| Davis Polk & Wardwell | 1 | $ 230,040,000 |
| Godfrey & Kahn, SC | 1 | $ 55,840,000 |
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 7/08/13.
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About Sagient Research Systems
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agencies. In each of 2007, 2008, 2009, 2010, and 2012 Sagient
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