San Diego, Oct. 07, 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 through the third quarter of 2015.
Through the end of Q3, a total of $45.4 billion was raised in 685 transactions. Of this amount, 9 transactions totaling $304 million have been announced but not yet closed as of 10/05/2015.
We congratulate all of the active members of the PIPE community who have continued their momentum throughout 2015 so far. 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:
- H.C. Wainwright & Co., LLC as the most active placement agent
- Sabby Management, LLC 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 Q3 2015 U.S. PIPE Market Investment Banking League Table
By Number of Transactions:
| Placement Agent Name | Transaction Count | Total Amount Placed | |
| H.C. Wainwright & Co., LLC | 45 | $ | 932,635,963 |
| Roth Capital Partners, LLC | 43 | $ | 884,999,198 |
| Cowen and Company, LLC | 31 | $ | 1,344,590,341 |
| Maxim Group LLC | 27 | $ | 621,144,370 |
| Jefferies & Company, Inc. | 21 | $ | 2,166,641,246 |
| Piper Jaffray & Co. | 20 | $ | 890,481,790 |
| Chardan Capital Markets | 18 | $ | 217,137,119 |
| Ladenburg Thalmann & Co., Inc. | 15 | $ | 246,797,871 |
| Aegis Capital Corporation | 14 | $ | 233,838,767 |
| Craig-Hallum Capital Group LLC | 12 | $ | 175,578,890 |
| Northland Securities, Inc. | 11 | $ | 99,667,474 |
| Stifel Nicolaus Weisel | 10 | $ | 675,323,735 |
| Barclays Capital, Inc. | 9 | $ | 1,182,285,092 |
| JMP Securities LLC | 9 | $ | 816,883,744 |
| William Blair & Company, LLC | 9 | $ | 571,464,308 |
| Raymond James & Associates Inc. | 9 | $ | 389,654,224 |
| MLV & Co. LLC | 9 | $ | 300,317,464 |
| Oppenheimer & Co. Inc. | 9 | $ | 287,191,873 |
| RBC Capital Markets, Inc. | 8 | $ | 506,019,320 |
| Sandler O'Neill & Partners, L.P. | 8 | $ | 281,320,000 |
| Janney Montgomery Scott, Inc. | 8 | $ | 272,546,632 |
| Canaccord Genuity Inc. (US) | 8 | $ | 215,679,647 |
| Laidlaw & Company (UK) Ltd. | 8 | $ | 68,876,104 |
| Robert W. Baird & Co. | 7 | $ | 496,337,048 |
| National Securities Corporation | 7 | $ | 74,588,017 |
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 OTC Markets. 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 10/05/2015.
The Q3 2015 U.S. PIPE Market Healthcare Sector Investment Banking League Table
By Number of Transactions:
| Placement Agent Name | Transaction Count | Total Amount Placed | |
| H.C. Wainwright & Co., LLC | 34 | $ | 840,111,651 |
| Roth Capital Partners, LLC | 30 | $ | 763,283,836 |
| Maxim Group LLC | 24 | $ | 529,649,106 |
| Cowen and Company, LLC | 18 | $ | 1,134,822,238 |
| Piper Jaffray & Co. | 18 | $ | 795,474,290 |
| Jefferies & Company, Inc. | 17 | $ | 997,766,246 |
| Stifel Nicolaus Weisel | 10 | $ | 675,323,735 |
| JMP Securities LLC | 9 | $ | 789,923,117 |
| William Blair & Company, LLC | 9 | $ | 571,464,308 |
| MLV & Co. LLC | 9 | $ | 315,317,464 |
| Ladenburg Thalmann & Co., Inc. | 9 | $ | 177,908,237 |
| Oppenheimer & Co. Inc. | 8 | $ | 263,191,789 |
| Leerink Swann, LLC | 7 | $ | 716,287,577 |
| RBC Capital Markets, Inc. | 7 | $ | 449,019,320 |
| Laidlaw & Company (UK) Ltd. | 7 | $ | 61,685,062 |
| LifeSci Capital, LLC | 6 | $ | 246,442,795 |
| Aegis Capital Corporation | 6 | $ | 209,541,313 |
| Janney Montgomery Scott, Inc. | 6 | $ | 189,148,128 |
| Chardan Capital Markets | 6 | $ | 164,522,075 |
| Wedbush PacGrow Life Sciences | 5 | $ | 310,022,411 |
| Guggenheim Securities, LLC | 5 | $ | 288,430,001 |
| Brean Capital, LLC | 5 | $ | 234,462,506 |
| Cantor Fitzgerald & Company | 5 | $ | 173,083,997 |
| Raymond James & Associates Inc. | 5 | $ | 152,497,774 |
| Canaccord Genuity Inc. (US) | 5 | $ | 129,579,647 |
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 OTC Markets. 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 10/05/15.
The Q3 2015 U.S. PIPE Market Institutional Investor League Table
By Number of Transactions:
| Investor Name | Transaction Count | Total Amount Invested | |
| Sabby Management, LLC | 41 | $ | 71,055,401 |
| Millennium Management, LLC | 31 | Not Disclosed | |
| Heights Capital Management, Inc. | 26 | $ | 10,878,065 |
| Broadfin Capital, LLC | 24 | $ | 48,147,362 |
| Citadel Advisors, LLC | 19 | Not Disclosed | |
| Bank of New York | 18 | $ | 1,788,000 |
| Empery Asset Management LP | 16 | $ | 26,511,756 |
| LH Financial Services Corporation | 14 | $ | 16,525,809 |
| DAFNA Capital Management, LLC | 14 | $ | 1,744,999 |
| Perceptive Advisors, LLC | 13 | $ | 7,582,974 |
| Hudson Bay Capital Management L.P. | 12 | $ | 196,635,565 |
| Fidelity Management & Research Corporation | 12 | $ | 100,000 |
| IntraCoastal Capital, LLC | 11 | $ | 12,806,017 |
| Anson Capital, LP | 11 | $ | 11,861,921 |
| Alyeska Investment Group, L.P. | 11 | Not Disclosed | |
| RA Capital Management, LLC | 10 | $ | 18,556,066 |
| D.E. Shaw & Co., L.P. | 10 | Not Disclosed | |
| UBS O'Connor LLC | 9 | $ | 7,500,000 |
| Venbio Select Advisor LLC | 9 | $ | 4,649,999 |
| AWM Investment Management (MGP Advisors, LLC) | 9 | $ | 249,996 |
| Deerfield Management | 8 | $ | 63,799,997 |
| Baker Brothers Advisors, LLC | 8 | $ | 59,391,619 |
| Iroquois Capital L.P. | 8 | $ | 18,148,230 |
| Cormorant Asset Management, LLC | 8 | $ | 9,280,777 |
| Franklin Templeton Group | 8 | $ | 7,500,000 |
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 OTC Markets. 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 10/05/15.
The Q3 2015 PIPE Market Issuer Counsel League Table
By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised | ||
| Cooley LLP | 16 | $ | 634,318,434 | |
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC | 12 | $ | 199,709,275 | |
| Greenberg Traurig, LLP | 12 | $ | 183,420,444 | |
| Goodwin Procter, LLP | 11 | $ | 234,222,248 | |
| DLA Piper | 10 | $ | 366,564,601 | |
| Latham & Watkins, LLP | 10 | $ | 225,988,791 | |
| Sichenzia Ross Friedman Ference, LLP | 9 | $ | 177,231,122 | |
| Morgan, Lewis & Bockius, LLP | 9 | $ | 145,017,273 | |
| Paul Hastings LLP | 8 | $ | 109,660,882 | |
| K&L Gates LLP | 7 | $ | 302,605,596 | |
| Haynes and Boone, LLP | 6 | $ | 105,066,472 | |
| Norton Rose Fulbright | 6 | $ | 90,234,500 | |
| Dorsey & Whitney, LLP | 6 | $ | 75,609,250 | |
| Vinson & Elkins, LLP | 5 | $ | 1,545,284,624 | |
| Wilmer Cutler Pickering Hale & Dorr, LLP | 5 | $ | 419,994,989 | |
| Alston & Bird, LLP | 5 | $ | 181,764,288 | |
| Wyrick Robbins Yates & Ponton, LLP | 5 | $ | 127,837,488 | |
| Pillsbury, Winthrop, Shaw & Pittman, LLP | 5 | $ | 107,839,993 | |
| Manatt, Phelps & Phillips, LLP | 5 | $ | 92,529,364 | |
| Morrison & Foerster, LLP | 5 | $ | 65,330,002 | |
| Ellenoff Grossman & Schole LLP | 5 | $ | 12,200,311 | |
| Clifford Chance US, LLP | 4 | $ | 372,679,969 | |
| Akerman LLP | 4 | $ | 173,566,792 | |
| Ropes & Gray | 4 | $ | 165,730,565 | |
| O'Melveny & Myers, LLP | 4 | $ | 156,915,542 | |
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 OTC Markets. Data is for closed and definitive agreement transactions reported as of 10/05/15.
The Q3 2015 PIPE Market Investor Counsel League Table
By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised | ||||
| Schulte Roth & Zabel, LLP | 74 | $ | 6,561,402,467 | |||
| Kelley Drye & Warren LLP | 12 | $ | 12,675,600,195 | |||
| Ellenoff Grossman & Schole LLP | 11 | $ | 75,092,671 | |||
| Skadden, Arps, Slate, Meagher & Flom, LLP | 5 | $ | 1,996,000,000 | |||
| Greenberg Traurig, LLP | 5 | $ | 55,612,539 | |||
| Ropes & Gray | 4 | $ | 137,495,133 | |||
| Kirkland & Ellis | 3 | $ | 1,005,000,000 | |||
| Cleary, Gottlieb, Steen & Hamilton | 3 | $ | 458,949,971 | |||
| Akin, Gump, Strauss, Hauer & Feld, LLP | 3 | $ | 215,000,000 | |||
| Paul Hastings LLP | 3 | $ | 97,500,000 | |||
| Fried, Frank, Harris, Shriver & Jacobson | 3 | $ | 69,667,959 | |||
| Latham & Watkins, LLP | 3 | $ | 45,000,000 | |||
| Lowenstein Sandler LLP | 3 | $ | 20,635,442 | |||
| Sichenzia Ross Friedman Ference, LLP | 3 | $ | 11,335,700 | |||
| Baker Botts, LLP | 2 | $ | 4,400,000,000 | |||
| Davis Polk & Wardwell LLP | 2 | $ | 700,000,000 | |||
| Davis Polk & Wardwell | 2 | $ | 659,000,000 | |||
| Willkie, Farr & Gallagher | 2 | $ | 136,123,942 | |||
| Chapman & Cutler, LLP | 2 | $ | 125,000,000 | |||
| Wachtell, Lipton, Rosen & Katz | 2 | $ | 32,200,000 | |||
| Carey Olsen | 2 | $ | 24,999,976 | |||
| Kilpatrick Townsend & Stockton LLP | 2 | $ | 20,600,000 | |||
| Haynes and Boone, LLP | 2 | $ | 16,989,740 | |||
| Peter J. Weisman, PC | 2 | $ | 9,318,056 | |||
| Grushko & Mittman, PC | 2 | $ | 7,500,013 | |||
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 OTC Markets. Data is for closed and definitive agreement transactions reported as of 10/05/15.
The Q3 2015 PIPE Market Placement Agent Counsel League Table
By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised | |
| Ellenoff Grossman & Schole LLP | 47 | $ | 308,709,850 |
| Goodwin Procter, LLP | 23 | $ | 1,027,345,518 |
| Cooley LLP | 10 | $ | 477,219,521 |
| Lowenstein Sandler LLP | 10 | $ | 128,662,003 |
| Latham & Watkins, LLP | 9 | $ | 756,676,794 |
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC | 7 | $ | 330,172,051 |
| Faegre Baker Daniels LLP | 7 | $ | 36,404,982 |
| Proskauer Rose, LLP | 6 | $ | 113,904,998 |
| Sichenzia Ross Friedman Ference, LLP | 5 | $ | 43,330,377 |
| LeClairRyan, PC | 4 | $ | 136,058,997 |
| K&L Gates LLP | 4 | $ | 104,343,095 |
| Graubard Miller | 4 | $ | 18,365,447 |
| Covington & Burling | 3 | $ | 270,564,688 |
| Gibson, Dunn & Crutcher, LLP | 3 | $ | 74,247,306 |
| Kelley Drye & Warren LLP | 3 | $ | 58,125,000 |
| Reed Smith, LLP | 3 | $ | 48,165,250 |
| Duane Morris, LLP | 3 | $ | 12,894,348 |
| Morgan, Lewis & Bockius, LLP | 2 | $ | 84,999,997 |
| DLA Piper | 2 | $ | 80,456,750 |
| Choate, Hall & Stewart, LLP | 2 | $ | 55,820,900 |
| Torys, LLP | 2 | $ | 37,374,997 |
| Holland & Knight, LLP | 2 | $ | 36,600,000 |
| Loeb & Loeb, LLP | 2 | $ | 35,467,750 |
| Nelson Mullins Riley & Scarborough, LLP | 2 | $ | 26,612,500 |
| Cranmore, FitzGerald & Meaney | 2 | $ | 17,000,000 |
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 OTC Markets. Data is for closed and definitive agreement transactions reported as of 10/05/15.
About PlacementTracker
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About Sagient Research Systems
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