SAN DIEGO, Oct. 25, 2005 (PRIMEZONE) -- Sagient Research Systems (OTCBB:SRYS), a leading publisher of independent research for the financial services and institutional investment communities, today announced that Goldman Sachs & Co. ranked as the No. 1 investment bank in the PIPE market in the third quarter 2005 for total dollars raised and that Rodman & Renshaw, LLC 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 third 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 third quarter of 2005 saw an explosion of deal flow and capital raised in the PIPE market. During the quarter we recorded 326 transactions totaling $5.29 billion in equity and equity-linked capital raised (excluding Structured Equity Lines and Canadian domiciled issuers). This represented a transaction count increase of 15% over the third quarter of 2004 and a 61% increase in total amount raised over the third quarter of 2004. As always, we congratulate all of the active agents and investors in the PIPE market for a tremendous 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 Q3 2005 PIPE Market Investment Banking League Table
By Dollar Amount Raised:
Placement Agent Name Transaction Count Total Amount Raised
-------------------- ----------------- -------------------
Goldman, Sachs & Co. 2 $628,000,000.00
Banc of America Securities LLC 3 $444,605,882.00
Lehman Brothers, Inc. 3 $323,866,842.00
UBS Investment Bank 3 $195,039,999.00
Leerink Swann & Co. 2 $183,510,210.00
Wachovia Securities, Inc. 1 $175,000,132.00
J.P. Morgan Chase & Co. 2 $170,000,233.00
Rodman & Renshaw, LLC 8 $147,163,063.00
SG Cowen & Co., LLC 6 $144,023,739.00
Roth Capital Partners, LLC 6 $143,771,912.00
RBC Capital Markets, Inc. 4 $134,180,797.00
Avondale Partners, LLC 1 $116,558,400.00
ING Bank N.V. (London Branch) 1 $116,558,400.00
ING Financial Markets LLC 1 $116,558,400.00
Meridian Investment, Inc. 1 $108,000,000.00
Jefferies & Co. Inc. 5 $105,742,100.00
Fortis Securities Inc. 3 $104,684,109.00
Coker, Palmer, Phillips
& Mullen, Inc. 1 $100,000,233.00
Covington Associates LLC 1 $ 95,040,000.00
Citigroup Global Markets, Inc. 2 $ 80,000,000.00
Morgan Keegan & Company, Inc. 3 $ 72,801,913.00
National Bank Financial, Inc. 1 $ 58,467,500.00
Needham & Company, Inc. 2 $ 54,852,070.00
Piper Jaffray & Co. 3 $ 46,071,947.00
Global Hunter Securities, LLC 1 $ 43,450,000.00
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
10/19/05.
The Q3 2005 PIPE Market Investment Banking League Table
By Number of Transactions:
Placement Agent Name Transaction Count Total Amount Raised
-------------------- ----------------- -------------------
Rodman & Renshaw, LLC 8 $147,163,063.00
SG Cowen & Co., LLC 6 $144,023,739.00
Roth Capital Partners, LLC 6 $143,771,912.00
Jefferies & Co. Inc. 5 $105,742,100.00
RBC Capital Markets, Inc. 4 $134,180,797.00
HPC Capital Management Corporation 4 $ 9,454,947.00
Banc of America Securities LLC 3 $444,605,882.00
Lehman Brothers, Inc. 3 $323,866,842.00
UBS Investment Bank 3 $195,039,999.00
Fortis Securities Inc. 3 $104,684,109.00
Morgan Keegan & Company, Inc. 3 $ 72,801,913.00
Piper Jaffray & Co. 3 $ 46,071,947.00
Olympus Securities, LLC 3 $ 33,999,993.00
Stonegate Securities, Inc. 3 $ 27,500,000.00
Laidlaw & Company Ltd. 3 $ 18,081,915.00
Westminster Securities Corporation 3 $ 8,940,000.00
Ascendiant Securities, LLC 3 $ 6,750,000.00
Goldman, Sachs & Co. 2 $628,000,000.00
Leerink Swann & Co. 2 $183,510,210.00
J.P. Morgan Chase & Co. 2 $170,000,233.00
Citigroup Global Markets, Inc. 2 $ 80,000,000.00
Needham & Company, Inc. 2 $ 54,852,070.00
Thomas Weisel Partners, LLC 2 $ 43,010,002.00
Westwind Partners, Inc. 2 $ 42,000,000.00
JMP Securities LLC 2 $ 40,000,000.00
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
10/19/05.
The Q3 2005 PIPE Market Institutional Investor League Table
By Number of Transactions:
Investor Name Transaction Count Total Amount Invested
------------- ----------------- ---------------------
Iroquois Capital L.P. 22 $16,742,409.00
Omicron Capital L.P. 19 $15,851,094.00
Highbridge International LLC 18 $28,026,909.00
Laurus Family of Funds 17 $91,700,000.00
Nite Capital Management LLC 13 $ 3,811,128.00
LH Financial Services Corporation 12 $ 4,993,670.00
MGP Advisors L.L.C 11 $51,621,078.00
Downsview Capital Inc. 11 $ 6,348,546.00
Cornell Capital Partners L.P. 10 $38,446,172.00
NIR Group LLC 10 $17,272,500.00
Heights Capital Management Inc. 10 $13,452,735.00
Ramius Capital Group LLC 9 $ 8,314,229.00
Wellington Management Company LLP 8 $45,909,250.00
Midsummer Capital LLC 8 $16,768,212.00
Kingsport Capital Partners LLC 8 $13,412,131.00
Whalehaven Fund Ltd. 7 $ 2,874,990.00
Atlas Capital Management L.P. 6 $24,779,097.00
Bonanza Capital Ltd. 6 $19,668,984.00
DKR Management Company Inc. 6 $13,490,195.00
SRB Greenway Capital L.P. 6 $ 8,695,102.00
Centrecourt Asset Management LLC 6 $ 6,272,222.00
Bristol Capital Advisors LLC 6 $ 6,066,689.00
Enable Capital Management 6 $ 4,050,846.00
JMG Capital Management LLC 5 $10,051,001.00
Gryphon Partners L.P. 5 $ 6,170,000.00
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
10/19/05.
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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