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PlacementTracker Publishes 2014 PIPE Market League Tables

San Diego, Jan. 7, 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 2014.

Most active investment banks by total amount placed in 2014. Size shows sum of Transaction Count.


A total of $28 billion was raised in 850 transactions through the end of 2014. Of this amount, 10 transactions totaling $1.2 billion have been announced but not yet closed as of 1/06/15.

Market activity slowed down considerably in the fourth quarter, but a robust first half of the year helped annual totals maintain the steady pace we've seen over the last four years.

We congratulate all of the active members of the PIPE community for continued success in 2014. 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:

2014 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 46 $ 882,342,300
Roth Capital Partners, LLC 40 $ 1,006,319,095
Cowen and Company, LLC 32 $ 1,182,589,167
Maxim Group LLC 27 $ 520,622,486
Craig-Hallum Capital Group LLC 25 $ 509,668,833
Canaccord Genuity Inc. (US) 21 $ 904,302,683
Chardan Capital Markets 19 $ 304,755,979
Jefferies & Company, Inc. 15 $ 1,049,157,207
Northland Securities, Inc. 15 $ 134,481,429
Piper Jaffray & Co. 14 $ 799,461,762
JMP Securities LLC 13 $ 849,651,007
Stifel Nicolaus Weisel 12 $ 445,569,237
Aegis Capital Corporation 12 $ 182,685,688
Laidlaw & Company (UK) Ltd. 12 $ 120,058,902
Ladenburg Thalmann & Co., Inc. 11 $ 563,331,696
National Securities Corporation 11 $ 128,863,897
Barclays Capital, Inc. 10 $ 1,079,119,500
Oppenheimer & Co. Inc. 10 $ 466,440,393
William Blair & Company, LLC 10 $ 287,896,054
Needham & Company, LLC 9 $ 533,111,330
Dawson James Securities, Inc. 9 $ 86,029,543
Palladium Capital Advisors, LLC 9 $ 31,334,691
Sandler O'Neill & Partners, L.P. 8 $ 178,926,952
RBC Capital Markets, Inc. 7 $ 637,867,685
Brean Capital, LLC 7 $ 207,126,569

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 1/06/15.

2014 U.S. PIPE Market Healthcare Sector
Investment Banking League Table
By Total Amount Placed:

Placement Agent Name Transaction Count Total Amount Placed
H.C. Wainwright & Co., LLC 34 $ 673,760,626
Roth Capital Partners, LLC 21 $ 782,323,913
Maxim Group LLC 19 $ 365,523,326
Cowen and Company, LLC 16 $ 779,677,262
Piper Jaffray & Co. 12 $ 647,932,012
Jefferies & Company, Inc. 11 $ 792,267,207
JMP Securities LLC 10 $ 773,881,007
Chardan Capital Markets 10 $ 204,677,748
Canaccord Genuity Inc. (US) 9 $ 329,633,731
Ladenburg Thalmann & Co., Inc. 8 $ 501,672,521
Stifel Nicolaus Weisel 8 $ 304,163,437
Dawson James Securities, Inc. 8 $ 81,379,543
Oppenheimer & Co. Inc. 6 $ 337,749,993
Aegis Capital Corporation 6 $ 146,422,088
Laidlaw & Company (UK) Ltd. 6 $ 66,224,522
Leerink Swann, LLC 5 $ 311,401,748
MLV & Co. LLC 5 $ 221,681,263
Brean Capital, LLC 5 $ 195,891,567
Needham & Company, LLC 4 $ 375,360,000
William Blair & Company, LLC 4 $ 120,883,623
Northland Securities, Inc. 4 $ 30,502,099
Barclays Capital, Inc. 3 $ 138,868,750
Noble Financial Group 3 $ 133,601,957
Summer Street Research Partners 3 $ 121,659,810
National Securities Corporation 3 $ 80,853,250

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 1/06/15.

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

Investor Name Transaction Count Total Amount Invested
Millennium Management, LLC 48 $ 1,000,000
Sabby Management, LLC 45 $ 84,264,674
Citadel Advisors, LLC 39 Not Disclosed
Bank of New York 30 Not Disclosed
Fidelity Management & Research Corporation 24 $ 12,500,000
Perceptive Advisors, LLC 23 $ 14,887,808
Heights Capital Management, Inc. 22 $ 24,455,339
Broadfin Capital, LLC 22 $ 18,404,272
Downsview Capital, Inc. 21 $ 15,290,781
Hudson Bay Capital Management L.P. 19 $ 100,445,400
D.E. Shaw & Co., L.P. 19 Not Disclosed
Group One Trading, L.P. 19 Not Disclosed
Deerfield Management 18 $ 213,499,998
Empery Asset Management LP 18 $ 32,002,281
UBS O'Connor LLC 18 $ 1,500,000
LH Financial Services Corporation 17 $ 16,212,394
Equitec Group, LLC 17 $ 3,580,273
Wellington Management Company LLP 16 $ 168,935,360
Brio Capital Management LLC 15 $ 4,183,751
Alyeska Investment Group, L.P. 15 $ 2,000,000
DAFNA Capital Management, LLC 13 $ 6,466,910
AWM Investment Management (MGP Advisors, LLC) 13 $ 4,607,840
Baker Brothers Advisors, LLC 12 $ 17,000,006
Iroquois Capital, L.P. 12 $ 4,791,381
Wolverine Asset Management, LLC 11 $ 3,000,000

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 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 1/06/15.

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

Legal Counsel Transaction Count Total Amount Advised
Sichenzia Ross Friedman Ference, LLP 25 $ 149,739,779
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 17 $ 261,036,915
Cooley LLP 16 $ 673,484,046
DLA Piper 15 $ 298,539,452
Skadden, Arps, Slate, Meagher & Flom, LLP 9 $ 729,121,919
Graubard Miller 9 $ 92,925,628
Greenberg Traurig, LLP 9 $ 75,293,238
Latham & Watkins, LLP 8 $ 1,327,627,708
Seward & Kissel LLP 8 $ 562,701,249
Goodwin Procter, LLP 8 $ 219,178,767
Wilmer Cutler Pickering Hale & Dorr, LLP 7 $ 700,836,367
Ellenoff Grossman & Schole LLP 7 $ 85,738,194
Davis Graham & Stubbs, LLP 7 $ 39,491,759
Szaferman Lakind Blumstein & Blader, PC 7 $ 16,910,500
Ropes & Gray 6 $ 187,938,312
Morrison & Foerster, LLP 6 $ 136,635,009
Wyrick Robbins Yates & Ponton, LLP 6 $ 87,635,407
Paul Hastings LLP 6 $ 86,175,012
Lowenstein Sandler LLP 6 $ 75,001,875
Weintraub Tobin Chediak Coleman Grodin 6 $ 41,331,412
Dorsey & Whitney, LLP 6 $ 31,130,250
TroyGould PC 5 $ 219,495,240
Thompson & Hine, LLP 5 $ 136,866,941
Manatt, Phelps & Phillips, LLP 5 $ 124,817,709
Robinson Brog Leinwand Greene Genovese & Gluck P.C. 5 $ 68,102,653

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 1/06/15.

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

Legal Counsel Transaction Count Total Amount Advised
Schulte Roth & Zabel, LLP 69 $ 2,467,478,563
Greenberg Traurig, LLP 18 $ 290,735,762
Ellenoff Grossman & Schole LLP 11 $ 22,514,918
Sichenzia Ross Friedman Ference, LLP 5 $ 35,717,917
Ropes & Gray 4 $ 147,731,564
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 4 $ 24,280,000
Wachtell, Lipton, Rosen & Katz 3 $ 70,000,000
Brown Rudnick LLP 3 $ 61,900,000
Lowenstein Sandler LLP 3 $ 60,682,740
Grushko & Mittman, PC 3 $ 5,500,000
Skadden, Arps, Slate, Meagher & Flom, LLP 2 $ 2,038,473,602
Simpson Thacher Bartlett, LLP 2 $ 1,198,000,000
Latham & Watkins, LLP 2 $ 416,249,997
Akin, Gump, Strauss, Hauer & Feld, LLP 2 $ 319,999,944
Seward & Kissel LLP 2 $ 194,100,000
Kirkland & Ellis 2 $ 150,000,000
Norton Rose Fulbright 2 $ 32,302,396
Winston & Strawn 2 $ 26,250,000
Baker Botts, LLP 2 $ 22,500,000
Haynes and Boone, LLP 2 $ 10,200,000
Goodwin Procter, LLP 2 $ 10,000,000
Hansen Black Anderson Ashcraft PLLC 2 $ 2,500,000
O'Melveny & Myers, LLP 1 $ 700,000,000
Torys, LLP 1 $ 700,000,000
Weil, Gotshal & Manges, LLP 1 $ 700,000,000

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 1/06/15.

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

Legal Counsel Transaction Count Total Amount Advised
Ellenoff Grossman & Schole LLP 50 $ 566,182,490
Goodwin Procter, LLP 30 $ 951,199,579
Lowenstein Sandler LLP 13 $ 210,831,154
Proskauer Rose, LLP 11 $ 394,028,126
Latham & Watkins, LLP 10 $ 807,747,680
Sichenzia Ross Friedman Ference, LLP 9 $ 62,593,601
Stikeman Elliott LLP 7 $ 151,171,305
Choate, Hall & Stewart, LLP 6 $ 74,758,375
Faegre Baker Daniels LLP 6 $ 26,800,608
Fried, Frank, Harris, Shriver & Jacobson 5 $ 791,520,006
Covington & Burling 4 $ 230,847,207
Morrison & Foerster, LLP 4 $ 191,855,014
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 4 $ 120,610,875
Blank Rome LLP 4 $ 71,538,838
Duane Morris, LLP 4 $ 25,185,470
Pillsbury, Winthrop, Shaw & Pittman, LLP 3 $ 376,628,705
Dechert, LLP 3 $ 124,368,862
Skadden, Arps, Slate, Meagher & Flom, LLP 3 $ 81,780,000
Loeb & Loeb, LLP 3 $ 38,413,500
Reed Smith, LLP 3 $ 33,349,250
Schiff Hardin, LLP 3 $ 23,579,521
Gornitzky & Co. 2 $ 82,450,000
Nixon Peabody, LLP 2 $ 49,287,000
Faegre & Benson, LLP 2 $ 20,107,875
Schiff Hardin & Waite 2 $ 17,753,904

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 1/06/15.

About PlacementTracker
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.

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CONTACT: Mike Kotecki 858-200-2370

Source: Sagient Research Systems