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PlacementTracker Publishes 2015 PIPE Market League Tables

San Diego, CA, Jan. 12, 2016 (GLOBE NEWSWIRE) --

PlacementTracker Publishes 2015 PIPE Market League Tables
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 2015.
During 2015, a total of $50.7 billion was raised in 898 transactions. Of this amount, 9 transactions totaling $773.5 million have been announced but not yet closed as of 01/05/2016. Transaction volume for 2015 was 5% higher than 2014 (856 Deals) and a whopping 74% higher by dollar volume ($29.2 billion). Contributing to the large jump in dollar volume were 9 deals of over a billion dollars, the most we’ve seen in any year since 2008.
We congratulate all of the active members of the PIPE community who have continued their momentum throughout 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:

The 2015 U.S. PIPE Market Investment Banking League Table
By Number of Transactions:

Placement Agent NameTransaction CountTotal Amount Placed
H.C. Wainwright & Co., LLC55$ 1,007,164,102
Roth Capital Partners, LLC50$ 960,550,737
Maxim Group LLC36$ 710,559,296
Cowen and Company, LLC33$ 1,370,795,141
Jefferies & Company, Inc.23$ 2,248,091,246
Piper Jaffray & Co.22$ 961,482,915
Ladenburg Thalmann & Co., Inc.21$ 353,672,896
Chardan Capital Markets21$ 227,037,119
Aegis Capital Corporation17$ 246,888,766
Sandler O'Neill & Partners, L.P.16$ 396,450,000
Craig-Hallum Capital Group LLC14$ 187,658,890
Raymond James & Associates Inc.13$ 472,154,224
Oppenheimer & Co. Inc.13$ 314,698,412
Northland Securities, Inc.13$ 134,717,474
Barclays Capital, Inc.11$ 1,457,285,083
JMP Securities LLC11$ 867,884,869
Laidlaw & Company (UK) Ltd.11$ 89,847,208
Stifel Nicolaus Weisel10$ 675,323,735
William Blair & Company, LLC9$ 571,464,308
RBC Capital Markets, Inc.9$ 536,019,320
MLV & Co. LLC9$ 300,317,464
Janney Montgomery Scott, Inc.9$ 280,484,632
National Securities Corporation9$ 145,288,052
Canaccord Genuity Inc. (US)8$ 215,679,647
FIG Partners, LLC8$ 122,862,539

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 OTC Markets. 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 01/05/2016.

The 2015 U.S. PIPE Market Healthcare Sector Investment Banking League Table
By Number of Transactions:

Placement Agent NameTransaction CountTotal Amount Placed
H.C. Wainwright & Co., LLC42$ 909,839,790
Roth Capital Partners, LLC34$ 808,953,350
Maxim Group LLC30$ 586,814,116
Cowen and Company, LLC20$ 1,161,027,038
Piper Jaffray & Co.20$ 900,213,575
Jefferies & Company, Inc.17$ 971,766,246
JMP Securities LLC12$ 880,931,742
Ladenburg Thalmann & Co., Inc.12$ 246,208,237
Stifel Nicolaus Weisel10$ 675,323,735
Laidlaw & Company (UK) Ltd.10$ 83,432,422
MLV & Co. LLC9$ 315,317,464
Aegis Capital Corporation9$ 223,041,312
William Blair & Company, LLC8$ 565,194,968
Oppenheimer & Co. Inc.8$ 263,191,789
RBC Capital Markets, Inc.7$ 472,749,980
LifeSci Capital, LLC7$ 261,442,795
Chardan Capital Markets7$ 166,122,075
Leerink Swann, LLC6$ 660,287,577
Janney Montgomery Scott, Inc.6$ 189,148,128
Raymond James & Associates Inc.6$ 182,497,774
Wedbush PacGrow Life Sciences5$ 310,022,411
Needham & Company, LLC5$ 304,697,307
Brean Capital, LLC5$ 234,462,506
Noble Financial Capital Markets5$ 191,215,010
Canaccord Genuity Inc. (US)5$ 129,579,647

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 OTC Markets. 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 01/05/2016.

The 2015 U.S. PIPE Market Institutional Investor League Table
By Number of Transactions:

Investor NameTransaction Count Total Amount Invested
Sabby Management, LLC60$ 94,645,401
Millennium Management, LLC47 Not Disclosed
Heights Capital Management, Inc.34$ 43,123,325
Citadel Advisors, LLC32$ 8,000,000
Bank of New York32$ 1,788,000
Broadfin Capital, LLC29$ 48,147,362
Fidelity Management & Research Corporation24$ 15,099,999
Empery Asset Management LP22$ 38,985,415
Hudson Bay Capital Management L.P.19$ 243,085,565
DAFNA Capital Management, LLC18$ 2,244,958
LH Financial Services Corporation17$ 17,861,027
Alyeska Investment Group, L.P.16 Not Disclosed
D.E. Shaw & Co., L.P.15 Not Disclosed
Deerfield Management14$ 113,800,009
Perceptive Advisors, LLC14$ 7,582,974
Anson Capital, LP13$ 13,876,568
IntraCoastal Capital, LLC13$ 13,559,625
Franklin Templeton Group13$ 13,363,000
UBS O'Connor LLC13$ 7,500,000
Brio Capital Management LLC13$ 5,025,446
Baker Brothers Advisors, LLC11$ 66,891,603
RA Capital Management, LLC11$ 25,056,049
Venbio Select Advisor LLC11$ 4,649,999
AWM Investment Management (MGP Advisors, LLC)11$ 249,996
Tenor Capital Management10$ 22,169,992

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 OTC Markets. 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 01/05/2016.

The 2015 PIPE Market Issuer Counsel League Table
By Number of Transactions:

Legal Counsel Transaction Count Total Amount Advised
Cooley LLP20$ 671,523,233
Latham & Watkins, LLP17$ 1,284,203,848
Sichenzia Ross Friedman Ference, LLP17$ 219,140,625
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC15$ 227,008,949
DLA Piper14$ 475,933,140
Goodwin Procter, LLP14$ 270,222,248
Greenberg Traurig, LLP12$ 183,420,444
K&L Gates LLP9$ 343,305,631
Morgan, Lewis & Bockius, LLP9$ 145,017,273
Paul Hastings LLP9$ 119,710,882
Dorsey & Whitney, LLP8$ 119,009,250
Manatt, Phelps & Phillips, LLP7$ 118,251,164
Robinson Brog Leinwand Greene Genovese & Gluck P.C.7$ 52,076,726
Ellenoff Grossman & Schole LLP7$ 36,650,311
Vinson & Elkins, LLP6$ 1,720,284,615
Alston & Bird, LLP6$ 306,764,288
O'Melveny & Myers, LLP6$ 211,970,542
Haynes and Boone, LLP6$ 105,066,472
Norton Rose Fulbright6$ 90,234,500
Morrison & Foerster, LLP6$ 80,330,002
Fox Rothschild, LLP6$ 79,450,628
Reed Smith, LLP6$ 74,722,421
Wilson Sonsini Goodrich & Rosati5$ 821,555,000
Wilmer Cutler Pickering Hale & Dorr, LLP5$ 419,994,989
Troutman Sanders, LLP 5$ 315,299,996


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 OTC Markets. Data is for closed and definitive agreement transactions reported as of 01/05/2016.

The 2015 PIPE Market Investor Counsel League Table
By Number of Transactions:

Legal Counsel

Transaction Count
Total Amount Advised
Schulte Roth & Zabel, LLP96$ 6,853,780,923
Kelley Drye & Warren LLP18$ 1,443,599,762
Ellenoff Grossman & Schole LLP12$ 81,522,671
Skadden, Arps, Slate, Meagher & Flom, LLP6$ 2,046,000,000
Chapman & Cutler, LLP6$ 425,000,000
Greenberg Traurig, LLP6$ 57,112,539
Kirkland & Ellis5$ 2,260,000,000
Ropes & Gray5$ 262,495,133
Latham & Watkins, LLP5$ 45,000,000
Baker Botts, LLP4$ 5,324,999,978
Cleary, Gottlieb, Steen & Hamilton4$ 466,449,971
Simpson Thacher Bartlett, LLP4$ 180,000,000
Wachtell, Lipton, Rosen & Katz3$ 232,200,000
Akin, Gump, Strauss, Hauer & Feld, LLP3$ 215,000,000
Katten Muchin Rosenman, LLP3$ 124,999,674
Paul Hastings LLP3$ 97,500,000
Fried, Frank, Harris, Shriver & Jacobson3$ 69,667,959
Haynes and Boone, LLP3$ 24,489,740
Lowenstein Sandler LLP3$ 20,635,442
Zhong Lun Law Firm3$ 20,000,000
Sichenzia Ross Friedman Ference, LLP3$ 11,335,700
Lucosky Brookman LLP3$ 11,000,000
Riemer & Braunstein LLP3$ 8,000,000
Robinson Brog Leinwand Greene Genovese & Gluck P.C.3$ 6,400,000
Hogan Lovells2$ 3,779,369,185

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 OTC Markets. Data is for closed and definitive agreement transactions reported as of 01/05/2016.

The 2015 PIPE Market Placement Agent Counsel League Table
By Number of Transactions:



Legal Counsel
Transaction Count Total Amount Advised
Ellenoff Grossman & Schole LLP66$ 427,937,492
Goodwin Procter, LLP26$ 1,063,600,318
Lowenstein Sandler LLP14$ 193,362,038
Cooley LLP11$ 492,219,521
Latham & Watkins, LLP9$ 756,676,794
Covington & Burling8$ 385,814,688
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC8$ 345,172,051
Faegre Baker Daniels LLP7$ 36,404,982
Proskauer Rose, LLP6$ 113,904,998
Sichenzia Ross Friedman Ference, LLP6$ 49,879,338
LeClairRyan, PC4$ 136,058,997
K&L Gates LLP4$ 104,343,095
Kelley Drye & Warren LLP4$ 61,243,539
Graubard Miller4$ 18,365,447
DLA Piper3$ 88,638,414
Gibson, Dunn & Crutcher, LLP3$ 74,247,306
Nelson Mullins Riley & Scarborough, LLP3$ 55,412,500
Reed Smith, LLP3$ 48,165,250
Duane Morris, LLP3$ 12,894,348
Dechert, LLP2$ 133,408,625
Morgan, Lewis & Bockius, LLP2$ 84,999,997
Choate, Hall & Stewart, LLP2$ 55,820,900
Torys, LLP2$ 37,374,997
Holland & Knight, LLP2$ 36,600,000
Loeb & Loeb, LLP2$ 35,467,750

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 OTC Markets. Data is for closed and definitive agreement transactions reported as of 01/05/2016.

About PlacementTracker
PlacementTracker
, a product of Sagient Research Systems, is well recognized as the leading provider of research, data, and analytics covering the PIPE market. PlacementTracker's dynamically updated 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.

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


Company Contact: Greg Hill 212-907-5884 ###

Source: Sagient Research Systems