SAN DIEGO, July 20, 2005 (PRIMEZONE) -- Sagient Research Systems (OTCBB:SRYS), a leading publisher of independent research for the financial services and institutional investment communities, today announced that Deutsche Bank Securities, Inc. ranked as the No. 1 investment bank in the PIPE market in the second quarter 2005 for total dollars raised and that H.C. Wainwright & Co., Inc. ranked as the No. 1 investment bank in the PIPE market for total number of transactions. Iroquois Capital, L.P. topped the list of most active institutional investors during the second quarter 2005.
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, "The second quarter of 2005 was another robust period for PIPE market activity. During the quarter we recorded 283 transactions totaling $3.85 billion in equity and equity-linked capital raised (excluding Structured Equity Lines and Canadian domiciled issuers). While the transaction count was down 12% from the second quarter of 2004, the total amount raised increased 44% over the second quarter of 2004. 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 available online at: http://www.sagientresearch.com/pt/leaguetables.cfm.
The Q2 2005 PIPE Market Investment Banking League Table
By Dollar Amount Raised:
Placement Agent Name Transaction Count Total Amount Raised
-------------------- ----------------- -------------------
Deutsche Bank Securities, Inc. 4 $ 528,660,034.00
Tejas Securities Group, Inc. 1 $ 408,500,000.00
Banc of America Securities, LLC 4 $ 275,999,972.00
HSBC Securities, Inc. 1 $ 122,140,683.00
DBS Bank, Ltd. 1 $ 122,140,683.00
Lehman Brothers, Inc. 4 $ 98,050,036.00
UBS Investment Bank 1 $ 83,514,000.00
Imperial Capital, LLC. 1 $ 60,000,000.00
Pareto Securities 1 $ 59,999,996.00
SG Cowen & Co., LLC 2 $ 57,760,000.00
Cohen & Steers Capital Advisors 1 $ 52,500,000.00
Friedman, Billings, Ramsey & Co. 1 $ 51,174,720.00
Sanders Morris Harris, Inc. 1 $ 50,000,000.00
Stephens, Inc. 1 $ 48,000,000.00
William Blair & Company, LLC 1 $ 48,000,000.00
Robert W. Baird & Co. 1 $ 48,000,000.00
C.E. Unterberg, Towbin 2 $ 43,651,001.00
Roth Capital Partners, LLC 3 $ 41,465,154.00
JMP Securities, LLC 2 $ 41,251,967.00
Merriman Curhan Ford & Co. 4 $ 38,224,997.00
Lazard Freres & Co., LLC 1 $ 37,675,000.00
Credit Suisse First Boston Corp. 1 $ 36,240,000.00
Piper Jaffray & Co. 1 $ 35,999,972.00
Leerink Swann & Co. 2 $ 34,904,000.00
Bryant Park Capital, Inc. 1 $ 31,110,165.00
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 7/19/05.
The Q2 2005 PIPE Market Investment Banking League Table
By Number of Transactions:
Placement Agent Name Transaction Count Total Amount Raised
-------------------- ----------------- --------------------
H.C. Wainwright & Co., Inc. 5 $ 29,960,011.00
Deutsche Bank Securities, Inc. 4 $ 528,660,034.00
Banc of America Securities, LLC 4 $ 275,999,972.00
Lehman Brothers, Inc. 4 $ 98,050,036.00
Merriman Curhan Ford & Co. 4 $ 38,224,997.00
Rodman & Renshaw, LLC 4 $ 30,340,867.00
Roth Capital Partners, LLC 3 $ 41,465,154.00
Chadbourn Securities, Inc. 3 $ 23,035,000.00
Stonegate Securities, Inc. 3 $ 17,765,000.00
The Shemano Group, Inc. 3 $ 14,175,000.00
HPC Capital Management Corporation 3 $ 13,749,685.00
Olympus Securities, LLC 3 $ 13,000,545.00
Laidlaw & Company, Ltd. 3 $ 11,770,000.00
Ascendiant Securities, LLC 3 $ 7,231,880.00
SG Cowen & Co., LLC 2 $ 57,760,000.00
C.E. Unterberg, Towbin 2 $ 43,651,001.00
JMP Securities, LLC 2 $ 41,251,967.00
Leerink Swann & Co. 2 $ 34,904,000.00
Pacific Growth Equities, Inc. 2 $ 19,407,887.00
Paramount Capital, Inc. 2 $ 16,069,675.00
Duncan Capital, LLC 2 $ 12,435,500.00
Northeast Securities, Inc. 2 $ 10,125,000.00
Westminster Securities Corporation 2 $ 7,208,763.00
Atlas Capital Services, LLC 2 $ 5,540,000.00
Jesup & Lamont Securities
Corporation 2 $ 4,794,723.00
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 7/19/05.
The Q2 2005 PIPE Market Institutional Investor League Table
By Number of Transactions:
Investor Name Transaction Count Total Amount Invested
------------- ----------------- ---------------------
Iroquois Capital, L.P. 12 $ 10,756,437.00
Nite Capital Management, LLC 12 $ 3,024,994.00
NIR Group, LLC 11 $ 20,250,000.00
Omicron Capital, L.P. 11 $ 14,849,469.00
Highbridge International, LLC 10 $ 93,466,477.00
Laurus Family of Funds 10 $ 46,750,000.00
Enable Capital Management 10 $ 5,336,125.00
LH Financial Services Corporation 9 $ 2,851,941.00
Kingsport Capital Partners, LLC 8 $ 18,921,375.00
Gryphon Partners, L.P. 8 $ 13,837,286.00
Downsview Capital, Inc. 8 $ 3,891,494.00
Staro Asset Management, LLC 7 $ 19,500,000.00
Atoll Asset Management, LLC 7 $ 6,375,921.00
HBK Investments, L.P. 6 $ 53,154,149.00
Cornell Capital Partners, L.P. 6 $ 47,250,000.00
SRG Capital, LLC 6 $ 2,478,571.00
Goldman Sachs & Co. 5 $ 62,102,498.00
Ramius Capital Group, LLC 5 $ 5,220,901.00
Bushido Capital Partners, Ltd. 5 $ 5,200,000.00
SRB Greenway Capital, L.P. 5 $ 4,152,380.00
GreenLight (Switzerland) SA 5 $ 2,378,730.00
Satellite Asset Management 4 $ 29,500,000.00
MGP Advisors, LLC 4 $ 17,700,000.00
Dolphin Asset Management
Corporation 4 $ 11,970,000.00
Double U Master Fund L.P. 4 $ 9,945,000.00
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 7/19/05.
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.
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