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PlacementTracker Publishes First Quarter 2014 PIPE Market League Tables

Sagient Research Systems

San Diego, April 8, 2014 (GLOBE NEWSWIRE) -- PlacementTracker, the leading source for data and analysis on the PIPE market, today announced the most active investment banks, institutional investors, issuer counsels, investor counsels, and placement agent counsels in the U.S. PIPE market during the first quarter of 2014

Through the end of the first quarter, a total of $8.1 billion was raised in 263 transactions in the U.S. PIPE market. Of this amount, 4 transactions totaling $92 million have been announced but not yet closed as of 4/02/14. The totals represent a significant increase in first quarter deal volume year over year, with 2014 shaping up to be a year of continued growth.

Highlights Include:

The Q1 2014 U.S. PIPE Market
Investment Banking League Table
By Number of Transactions:

Placement Agent Name Transaction Count Total Amount Placed
Roth Capital Partners, LLC 17 $ 637,120,115
Cowen and Company, LLC 14 $ 689,938,258
Maxim Group LLC 14 $ 374,928,830
H.C. Wainwright & Co., LLC 12 $ 335,045,561
Canaccord Genuity Inc. (US) 9 $ 287,264,731
Jefferies & Company, Inc. 8 $ 671,552,500
Piper Jaffray & Co. 8 $ 512,823,023
Ladenburg Thalmann & Co., Inc. 8 $ 442,171,696
Needham & Company, LLC 6 $ 402,487,000
Oppenheimer & Co. Inc. 6 $ 339,602,893
Stifel Nicolaus Weisel 6 $ 275,063,531
Craig-Hallum Capital Group LLC 6 $ 111,119,313
Northland Securities, Inc. 6 $ 20,987,499
Barclays Capital, Inc. 5 $ 578,508,750
JMP Securities LLC 5 $ 455,586,300
BMO Capital Markets Corp. 5 $ 111,973,182
MLV & Co. LLC 4 $ 209,156,263
Brean Capital, LLC 4 $ 114,736,612
Aegis Capital Corporation 4 $ 110,813,000
Chardan Capital Markets 4 $ 105,280,246
T.R. Winston & Company, Inc. 4 $ 43,968,036
Dawson James Securities, Inc. 4 $ 28,950,259
Palladium Capital Advisors, LLC 4 $ 9,034,995
William Blair & Company, LLC 3 $ 143,056,263
National Securities Corporation 3 $ 85,978,250

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 4/02/14.

The Q1 2014 U.S. PIPE Market
Investment Banking League Table
By Total Amount Placed:

Placement Agent Name Transaction Count Total Amount Placed
Cowen and Company, LLC 14 $ 689,938,258
Jefferies & Company, Inc. 8 $ 671,552,500
Roth Capital Partners, LLC 17 $ 637,120,115
Barclays Capital, Inc. 5 $ 578,508,750
Piper Jaffray & Co. 8 $ 512,823,023
JMP Securities LLC 5 $ 455,586,300
Ladenburg Thalmann & Co., Inc. 8 $ 442,171,696
Needham & Company, LLC 6 $ 402,487,000
Maxim Group LLC 14 $ 374,928,830
Oppenheimer & Co. Inc. 6 $ 339,602,893
H.C. Wainwright & Co., LLC 12 $ 335,045,561
Canaccord Genuity Inc. (US) 9 $ 287,264,731
Stifel Nicolaus Weisel 6 $ 275,063,531
DnB NOR Markets 1 $ 227,250,000
RS Platou Markets AS 1 $ 227,250,000
MLV & Co. LLC 4 $ 209,156,263
J.P. Morgan Chase & Co. 1 $ 182,400,000
Deutsche Bank Securities, Inc. 2 $ 149,958,750
William Blair & Company, LLC 3 $ 143,056,263
Lazard 2 $ 131,500,000
Wedbush PacGrow Life Sciences 2 $ 125,350,000
Brean Capital, LLC 4 $ 114,736,612
Leerink Swann, LLC 2 $ 113,379,531
BMO Capital Markets Corp. 5 $ 111,973,182
Craig-Hallum Capital Group LLC 6 $ 111,119,313

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 4/02/14.

The Q1 2014 U.S. PIPE Market
Institutional Investor League Table
By Number of Transactions:

Investor Name Transaction Count Total Amount Invested
LH Financial Services Corporation 8 $ 11,525,497
Hudson Bay Capital Management L.P. 6 $ 33,554,000
Sabby Management, LLC 6 $ 15,767,849
Empery Asset Management LP 6 $ 12,235,539
RA Capital Management, LLC 4 $ 10,297,002
Heights Capital Management, Inc. 4 $ 4,045,189
Whitebox Advisors, LLC 3 $ 29,988,330
Baker Brothers Advisors, LLC 3 $ 17,000,006
Downsview Capital, Inc. 3 $ 2,765,108
Anson Capital, LP 3 $ 2,500,000
Equitec Group, LLC 3 $ 699,992
Genzyme Corporation (NASDAQ-GS: GENZ) 2 $ 723,036,682
Temasek Holdings 2 $ 525,000,010
Sycamore Partners 2 $ 150,000,000
Avenue Investments, LP 2 $ 34,999,980
OrbiMed Advisors, LLC 2 $ 15,000,010
Deerfield Management 2 $ 12,499,998
Broadfin Capital, LLC 2 $ 6,403,161
Longwood Investment Advisors, Inc. 2 $ 5,500,000
NNA of Nevada, Inc. 2 $ 4,000,000
Kopple Financial, Inc. 2 $ 3,000,000
Alyeska Investment Group, L.P. 2 $ 2,000,000
Iroquois Capital L.P. 2 $ 1,651,000
Sphera Funds Management Ltd. 2 $ 1,000,000
AWM Investment Management (MGP Advisors, LLC) 2 $ 807,840

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 4/02/14.

The Q1 2014 PIPE Market
Issuer Counsel League Table
By Number of Transactions:

Legal Counsel Transaction Count Total Amount Advised
Cooley LLP 10 $ 495,202,543
Sichenzia Ross Friedman Ference, LLP 6 $ 55,037,322
Ropes & Gray 5 $ 167,938,312
Hogan Lovells 5 $ 103,501,988
Wilmer Cutler Pickering Hale & Dorr, LLP 4 $ 671,836,329
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 4 $ 140,636,303
Ellenoff Grossman & Schole LLP 4 $ 78,921,679
Szaferman Lakind Blumstein & Blader, PC 4 $ 9,000,500
Troutman Sanders, LLP 3 $ 166,020,375
Seward & Kissel LLP 3 $ 88,106,250
Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP 3 $ 71,993,678
Morrison & Foerster, LLP 3 $ 35,135,008
K&L Gates LLP 3 $ 25,750,000
Cravath, Swaine & Moore 2 $ 263,749,995
Reeder & Simpson P.C. 2 $ 260,249,998
Weil, Gotshal & Manges, LLP 2 $ 150,000,000
Fulbright & Jaworski, LLP 2 $ 59,200,000
O'Melveny & Myers, LLP 2 $ 55,249,997
Goodwin Procter, LLP 2 $ 52,400,006
Dechert, LLP 2 $ 43,749,736
Lowenstein Sandler, PC 2 $ 25,990,375
Jones Day 2 $ 22,150,000
Robinson Brog Leinwand Greene Genovese & Gluck P.C. 2 $ 17,400,000
Schwell Wimpfheimer & Associates LLP 2 $ 16,521,875
Reed Smith, LLP 2 $ 16,131,000

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 4/02/14.

The Q1 2014 PIPE Market
Investor Counsel League Table
By Number of Transactions:

Legal Counsel Transaction Count Total Amount Advised
Schulte Roth & Zabel, LLP 16 $ 878,892,898
Ellenoff Grossman & Schole LLP 6 $ 12,710,058
Greenberg Traurig, LLP 5 $ 52,458,510
Sichenzia Ross Friedman Ference, LLP 2 $ 15,361,278
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 2 $ 9,280,000
Skadden, Arps, Slate, Meagher & Flom, LLP 1 $ 1,250,976,742
Cleary, Gottlieb, Steen & Hamilton 1 $ 500,000,010
Simpson Thacher Bartlett, LLP 1 $ 198,000,000
Ropes & Gray 1 $ 106,731,567
Seward & Kissel LLP 1 $ 44,100,000
Watson, Farley & Williams LLP 1 $ 30,700,000
Lowenstein Sandler, PC 1 $ 15,000,000
Luse Gorman Pomerenk & Schick, PC 1 $ 10,000,000
Troutman Sanders, LLP 1 $ 6,999,990
Robinson Brog Leinwand Greene Genovese & Gluck P.C. 1 $ 6,550,000
David Gonzalez, Esq. 1 $ 2,000,000

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 4/02/14.

The Q1 2014 PIPE Market
Placement Agent Counsel League Table
By Number of Transactions:

Legal Counsel Transaction Count Total Amount Advised
Ellenoff Grossman & Schole LLP 19 $ 265,801,970
Goodwin Procter, LLP 13 $ 631,782,160
Lowenstein Sandler, PC 7 $ 150,454,604
Latham & Watkins, LLP 5 $ 430,414,930
Faegre Baker Daniels LLP 5 $ 20,285,508
Sichenzia Ross Friedman Ference, LLP 4 $ 22,500,000
Morrison & Foerster, LLP 3 $ 119,855,013
Proskauer Rose, LLP 3 $ 108,724,998
Dechert, LLP 2 $ 103,356,362
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 2 $ 72,705,875
Stikeman Elliott LLP 2 $ 41,950,000
Blank Rome LLP 2 $ 34,076,000
Choate, Hall & Stewart, LLP 2 $ 28,221,875
Schiff Hardin & Waite 2 $ 17,753,904
Schulte Roth & Zabel, LLP 2 $ 9,245,749
Reed Smith, LLP 2 $ 8,333,000
Fried, Frank, Harris, Shriver & Jacobson 1 $ 227,250,000
Taylor Wessing 1 $ 105,300,000
Davis Polk & Wardwell LLP 1 $ 103,500,000
Covington & Burling 1 $ 85,100,000
Sullivan & Cromwell 1 $ 80,000,000
Gornitzky & Co. 1 $ 72,450,000
White & Case, LLP 1 $ 58,650,000
Meitar Liquornik Geva Leshem Tal, Ramat Gan 1 $ 58,650,000
Cooley LLP 1 $ 43.125,000

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 4/02/14.

About PlacementTracker
PlacementTracker
, is well recognized as the leading provider of data and analysis on 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
PlacementTracker is a flagship product of Sagient Research Systems, a publisher of specialized research and data. Sagient Research develops and sells 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.

For more information, please visit the Sagient Research Systems website at www.sagientresearch.com.

CONTACT: Mike Kotecki 858-200-2370

Source: Sagient Research Systems