San Diego, July 08, 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 during the first half of 2015.
A total of $23.5 billion was raised in 467 transactions through the first half of 2015. Of this amount, 5 transactions totaling $453 million have been announced but not yet closed as of 07/06/15.
We congratulate all of the active members of the PIPE community who have continued their momentum into 2015. 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 First Half 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 | 36 | $ | 780,163,427 |
| Roth Capital Partners, LLC | 32 | $ | 753,638,623 |
| Maxim Group LLC | 23 | $ | 558,494,611 |
| Cowen and Company, LLC | 20 | $ | 680,280,983 |
| Jefferies & Company, Inc. | 14 | $ | 1,597,787,800 |
| Piper Jaffray & Co. | 13 | $ | 590,388,047 |
| Chardan Capital Markets | 12 | $ | 80,815,915 |
| Aegis Capital Corporation | 9 | $ | 191,262,563 |
| Craig-Hallum Capital Group LLC | 9 | $ | 167,507,339 |
| Northland Securities, Inc. | 9 | $ | 67,232,453 |
| Ladenburg Thalmann & Co., Inc. | 8 | $ | 141,248,935 |
| Laidlaw & Company (UK) Ltd. | 8 | $ | 67,656,107 |
| Barclays Capital, Inc. | 7 | $ | 866,405,522 |
| Raymond James & Associates Inc. | 7 | $ | 287,847,774 |
| National Securities Corporation | 7 | $ | 74,588,017 |
| William Blair & Company, LLC | 6 | $ | 289,714,301 |
| Sandler O'Neill & Partners, L.P. | 6 | $ | 234,720,000 |
| MLV & Co. LLC | 6 | $ | 174,394,939 |
| Dawson James Securities, Inc. | 6 | $ | 45,790,749 |
| JMP Securities LLC | 5 | $ | 381,994,998 |
| Stifel Nicolaus Weisel | 5 | $ | 238,793,734 |
| Oppenheimer & Co. Inc. | 5 | $ | 187,359,998 |
| Canaccord Genuity Inc. (US) | 5 | $ | 164,858,748 |
| Cantor Fitzgerald & Company | 5 | $ | 136,825,559 |
| RBC Capital Markets, Inc. | 4 | $ | 167,269,313 |
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 07/06/2015.
The First Half 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 | 28 | $ | 739,589,115 |
| Roth Capital Partners, LLC | 22 | $ | 699,403,862 |
| Maxim Group LLC | 21 | $ | 469,504,608 |
| Piper Jaffray & Co. | 12 | $ | 535,388,047 |
| Cowen and Company, LLC | 11 | $ | 553,955,983 |
| Jefferies & Company, Inc. | 11 | $ | 553,912,800 |
| Laidlaw & Company (UK) Ltd. | 7 | $ | 61,685,062 |
| JMP Securities LLC | 6 | $ | 395,041,871 |
| William Blair & Company, LLC | 6 | $ | 289,714,301 |
| Oppenheimer & Co. Inc. | 6 | $ | 214,359,914 |
| Ladenburg Thalmann & Co., Inc. | 6 | $ | 150,833,487 |
| Leerink Swann, LLC | 5 | $ | 623,246,532 |
| Stifel Nicolaus Weisel | 5 | $ | 238,793,734 |
| Aegis Capital Corporation | 5 | $ | 180,762,563 |
| MLV & Co. LLC | 5 | $ | 172,394,939 |
| Dawson James Securities, Inc. | 5 | $ | 44,155,749 |
| RBC Capital Markets, Inc. | 4 | $ | 167,269,313 |
| Canaccord Genuity Inc. (US) | 4 | $ | 129,758,748 |
| Cantor Fitzgerald & Company | 4 | $ | 126,825,559 |
| Raymond James & Associates Inc. | 4 | $ | 122,247,774 |
| Craig-Hallum Capital Group LLC | 4 | $ | 89,515,979 |
| Wedbush PacGrow Life Sciences | 3 | $ | 176,731,369 |
| Guggenheim Securities, LLC | 3 | $ | 172,179,996 |
| Brean Capital, LLC | 3 | $ | 126,462,498 |
| WBB Securities, LLC | 3 | $ | 113,677,750 |
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 07/06/15.
The First Half 2015 U.S. PIPE Market
Institutional Investor League Table By Number of Transactions:
| Investor Name | Transaction Count | Total Amount Invested | |
| Sabby Management, LLC | 19 | $ | 20,440,000 |
| Broadfin Capital, LLC | 18 | $ | 14,629,817 |
| Millennium Management, LLC | 17 | Not Disclosed | |
| Heights Capital Management, Inc. | 16 | $ | 2,526,323 |
| Empery Asset Management LP | 14 | $ | 22,272,054 |
| LH Financial Services Corporation | 11 | $ | 11,850,807 |
| DAFNA Capital Management, LLC | 10 | $ | 1,244,999 |
| Bank of New York | 10 | Not Disclosed | |
| Citadel Advisors, LLC | 10 | Not Disclosed | |
| Perceptive Advisors, LLC | 9 | $ | 6,430,394 |
| Franklin Templeton Group | 8 | $ | 7,500,000 |
| Fidelity Management & Research Corporation | 8 | $ | 100,000 |
| Baker Brothers Advisors, LLC | 7 | $ | 44,391,619 |
| Hudson Bay Capital Management L.P. | 7 | $ | 26,753,025 |
| RA Capital Management, LLC | 7 | $ | 11,885,005 |
| UBS O'Connor LLC | 7 | $ | 7,500,000 |
| Venbio Select Advisor LLC | 7 | $ | 4,649,999 |
| Alyeska Investment Group, L.P. | 7 | Not Disclosed | |
| Deerfield Management | 6 | $ | 32,999,997 |
| Wolverine Asset Management | 6 | $ | 16,534,028 |
| Cormorant Asset Management, LLC | 6 | $ | 3,263,251 |
| Equitec Group, LLC | 6 | $ | 350,000 |
| AWM Investment Management (MGP Advisors, LLC) | 6 | $ | 249,996 |
| Iroquois Capital L.P. | 5 | $ | 13,824,375 |
| Brio Capital Management LLC | 5 | $ | 1,477,375 |
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 07/06/15.
The First Half 2015 PIPE Market
Issuer Counsel League Table By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised | ||
| Cooley LLP | 10 | $ | 249,178,899 | |
| Greenberg Traurig, LLP | 9 | $ | 102,170,443 | |
| DLA Piper | 8 | $ | 338,161,665 | |
| Goodwin Procter, LLP | 7 | $ | 139,427,271 | |
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC | 7 | $ | 105,552,775 | |
| Latham & Watkins, LLP | 6 | $ | 128,775,246 | |
| Haynes and Boone, LLP | 6 | $ | 105,066,472 | |
| Norton Rose Fulbright | 6 | $ | 90,234,500 | |
| Paul Hastings LLP | 6 | $ | 76,621,125 | |
| Sichenzia Ross Friedman Ference, LLP | 5 | $ | 103,927,995 | |
| Morrison & Foerster, LLP | 5 | $ | 65,330,002 | |
| Wilmer Cutler Pickering Hale & Dorr, LLP | 4 | $ | 194,995,000 | |
| Alston & Bird, LLP | 4 | $ | 156,764,276 | |
| Wyrick Robbins Yates & Ponton, LLP | 4 | $ | 122,662,488 | |
| Morgan, Lewis & Bockius, LLP | 4 | $ | 105,952,303 | |
| K&L Gates LLP | 4 | $ | 101,338,019 | |
| Pillsbury, Winthrop, Shaw & Pittman, LLP | 4 | $ | 90,339,993 | |
| Dorsey & Whitney, LLP | 4 | $ | 74,659,251 | |
| Ellenoff Grossman & Schole LLP | 4 | $ | 8,700,311 | |
| Vinson & Elkins, LLP | 3 | $ | 1,230,729,854 | |
| Skadden, Arps, Slate, Meagher & Flom, LLP | 3 | $ | 332,829,000 | |
| Akerman LLP | 3 | $ | 170,566,792 | |
| Willkie, Farr & Gallagher | 3 | $ | 159,040,229 | |
| TroyGould PC | 3 | $ | 119,049,999 | |
| Ropes & Gray | 3 | $ | 115,680,565 | |
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 07/06/15.
The First Half 2015 PIPE Market
Investor Counsel League Table By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised | ||||
| Schulte Roth & Zabel, LLP | 59 | $ | 4,252,156,046 | |||
| Kelley Drye & Warren, LLP | 7 | $ | 46,418,053 | |||
| Ellenoff Grossman & Schole LLP | 6 | $ | 12,342,671 | |||
| Greenberg Traurig, LLP | 5 | $ | 55,612,539 | |||
| Skadden, Arps, Slate, Meagher & Flom, LLP | 3 | $ | 1,296,000,000 | |||
| Paul Hastings LLP | 3 | $ | 97,500,000 | |||
| Latham & Watkins, LLP | 3 | $ | 45,000,000 | |||
| Kirkland & Ellis | 2 | $ | 1,000,000,000 | |||
| Davis Polk & Wardwell | 2 | $ | 659,000,000 | |||
| Willkie, Farr & Gallagher | 2 | $ | 136,123,942 | |||
| Fried, Frank, Harris, Shriver & Jacobson | 2 | $ | 39,667,959 | |||
| Wachtell, Lipton, Rosen & Katz | 2 | $ | 32,200,000 | |||
| Carey Olsen | 2 | $ | 24,999,976 | |||
| Lowenstein Sandler LLP | 2 | $ | 18,084,963 | |||
| Haynes and Boone, LLP | 2 | $ | 16,989,740 | |||
| Peter J. Weisman, PC | 2 | $ | 9,318,056 | |||
| Grushko & Mittman, PC | 2 | $ | 7,500,000 | |||
| Baker Botts, LLP | 1 | $ | 4,300,000,000 | |||
| Thompson & Knight, LLP | 1 | $ | 440,000,000 | |||
| Sullivan & Cromwell | 1 | $ | 250,000,000 | |||
| Weil, Gotshal & Manges, LLP | 1 | $ | 150,000,000 | |||
| Torys, LLP | 1 | $ | 83,421,000 | |||
| Paul, Weiss, Rifkind, Wharton & Garrison | 1 | $ | 75,000,000 | |||
| Gibson, Dunn & Crutcher, LLP | 1 | $ | 24,813,000 | |||
| Zhong Lun Law Firm | 1 | $ | 20,000,000 | |||
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 07/06/15.
The First Half 2015 PIPE Market
Placement Agent Counsel League Table By Number of Transactions:
| Legal Counsel | Transaction Count | Total Amount Advised | |
| Ellenoff Grossman & Schole LLP | 35 | $ | 248,977,920 |
| Goodwin Procter, LLP | 15 | $ | 450,337,250 |
| Lowenstein Sandler LLP | 9 | $ | 109,040,128 |
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC | 6 | $ | 277,381,006 |
| Latham & Watkins, LLP | 6 | $ | 258,727,814 |
| Faegre Baker Daniels LLP | 6 | $ | 32,703,786 |
| Cooley LLP | 5 | $ | 261,899,992 |
| Sichenzia Ross Friedman Ference, LLP | 4 | $ | 40,064,502 |
| Graubard Miller | 4 | $ | 18,365,447 |
| Covington & Burling | 3 | $ | 142,056,250 |
| LeClairRyan, PC | 3 | $ | 95,828,997 |
| Proskauer Rose, LLP | 3 | $ | 53,454,998 |
| Reed Smith, LLP | 3 | $ | 48,165,250 |
| Duane Morris, LLP | 3 | $ | 12,894,348 |
| Gibson, Dunn & Crutcher, LLP | 2 | $ | 69,352,808 |
| K&L Gates LLP | 2 | $ | 45,999,995 |
| Torys, LLP | 2 | $ | 37,374,997 |
| Loeb & Loeb, LLP | 2 | $ | 35,467,750 |
| Nelson Mullins Riley & Scarborough, LLP | 2 | $ | 26,612,500 |
| Cranmore, FitzGerald & Meaney | 2 | $ | 17,000,000 |
| Kendall, Koenig & Oelsner, PC | 1 | $ | 650,000,000 |
| Vinson & Elkins, LLP | 1 | $ | 500,000,000 |
| Ropes & Gray | 1 | $ | 237,475,000 |
| Dechert, LLP | 1 | $ | 87,400,000 |
| Morrison & Foerster, LLP | 1 | $ | 80,500,000 |
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 07/06/15.
PlacementTracker, a flagship product of Sagient Research Systems, is well recognized as the leading provider of research, data, and analytics covering the PIPE market (Private Investment in Public Equity). With data on every private placement since January 1, 1995, PlacementTracker's web-based platform provides subscribers with an easy to use, comprehensive means to: evaluate PIPE transactions & investors, perform quick transaction pricing, identify potential issuers and investors, and compile comparable transaction, investor & agent statistics. PlacementTracker's dynamically updating League Tables are available online at: http://www.placementtracker.com/leaguetables.cfm.
About Sagient Research Systems
Sagient Research Systems is a publisher of specialized research and data. They develop and sell proprietary research products to global enterprises, including investment banks, mutual and hedge funds, pharmaceutical companies, academic institutions, and government agencies. In each of 2007, 2008, 2009, 2010, and 2012 Sagient Research was named to the Inc. 5000 list of fastest growing companies. In 2012, Sagient was acquired by Informa Plc (LON:INF).
For more information, please visit the Sagient Research Systems website at www.sagientresearch.com.