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PlacementTracker Publishes Q1 2016 PIPE Market League Tables

New York and San Diego, April 11, 2016 (GLOBE NEWSWIRE) -- http://www.globenewswire.com/NewsRoom/AttachmentNg/764e6af4-adb4-4263-ae08-c7e72008c6ab




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 quarter of 2016.

A total of $8.5 billion was raised in 175 transactions through the first quarter of 2016. Of this amount, 3 transactions totaling $35.2 million have been announced but not yet closed as of 04/05/2016. Deal volume has decreased 22% (226 deals in Q1 2015) but dollar volume increased 32% ($6.5B in Q1 2015). The dollar volume eclipsed Q1 2014 and is the highest first quarter total since Q1 2010.

We congratulate all of the active members of the PIPE community, many of whom are long-time clients of PlacementTracker. We are dedicated to providing them with access to the very best data and analytics available in our industry.

Most Active Participants Include:

The Q1 2016 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 11 $ 242,736,217
Roth Capital Partners, LLC 8 $ 240,565,361
Maxim Group LLC 6 $ 45,175,100
Chardan Capital Markets 6 $ 21,390,427
Raymond James & Associates Inc. 4 $ 81,037,497
National Securities Corporation 3 $ 69,793,499
Northland Securities, Inc. 3 $ 26,260,000
Lake Street Capital Markets, LLC 3 $ 21,587,499
Pareto Securities 2 $ 192,998,720
RBC Capital Markets, Inc. 2 $ 170,248,722
Cantor Fitzgerald & Company 2 $ 72,450,000
FBR Capital Markets 2 $ 62,000,002
Ladenburg Thalmann & Co., Inc. 2 $ 49,959,998
Dundee Securities Corporation 2 $ 22,584,998
Craig-Hallum Capital Group LLC 2 $ 8,099,679
Aegis Capital Corporation 2 $ 5,600,000
Dawson James Securities, Inc. 2 $ 4,521,000
China Kington Investment Company Limited 2 $ 2,830,804
Barclays Capital, Inc. 1 $ 994,053,000
BMO Nesbitt Burns, Inc. 1 $ 129,998,720
Canaccord Genuity Corporation (CAN) 1 $ 129,998,720
CIBC World Markets 1 $ 129,998,720
Citigroup Global Markets Canada Inc. 1 $ 129,998,720
Cormark Securities Inc. 1 $ 129,998,720
GMP Securities Limited 1 $ 129,998,720

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. 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 04/06/16.

The Q1 2016 U.S. PIPE Market Institutional Investor League Table

By Number of Transactions:





Investor Name




Transaction Count
Total Amount Invested
Sabby Management, LLC 4 $ 3,099,363
Liquidmetal Technology Limited 3 $ 63,400,000
Cerberus Capital Management, L.P. 2 $ 505,000,000
Stonepeak Infrastructure Partners 2 $ 490,177,000
First Reserve Corporation 2 $ 285,714,272
Kayne Anderson Capital Advisors, L.P. 2 $ 147,959,168
Northwestern Mutual Life Insurance Company (The) 2 $ 31,000,000
Voya Investment Management Company, LLC 2 $ 21,800,000
Boyalife Group Company, Limited 2 $ 15,000,000
Royal Energy Resources, Inc. (OTC:ROYE) 2 $ 13,500,000
Babson Capital Management LLC 2 $ 12,755,104
Genworth Mortgage Insurance Corporation 2 $ 11,000,000
OneAmerica 2 $ 8,500,000
Eventide Funds 2 $ 7,046,532
Aspire Capital Partners, Inc. 2 $ 3,497,751
Reliastar Life Insurance Co. 2 $ 2,900,000
Luxor Capital Group 2 $ 2,750,000
Stripes Group LLC 2 $ 2,500,000
ING Funds 2 $ 1,300,000
Ally Bridge Group 2 Not Disclosed
Enfield Holdings, L.P. 1 $ 750,000,000
Silver Lake 1 $ 500,000,000
CenterPoint Energy, Inc. (NYSE: CNP) 1 $ 363,000,000
Atairos Management, L.P. 1 $ 250,000,000
Ascension Health Alliance/TowerBrook Capital Partners 1 $ 200,000,000

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 OTC. 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 04/06/16.

The Q1 2016 PIPE Market Issuer Counsel League Table

By Number of Transactions:

Legal Counsel Transaction Count Total Amount Advised
Simpson Thacher Bartlett, LLP 5 $ 246,500,000
Foley & Lardner 4 $ 68,900,000
Latham & Watkins, LLP 3 $ 234,370,003
DLA Piper 3 $ 66,310,000
Ropes & Gray 3 $ 31,760,100
Dorsey & Whitney, LLP 3 $ 27,075,000
Paul Hastings LLP 3 $ 9,863,338
Sichenzia Ross Friedman Ference, LLP 3 $ 9,050,326
Vinson & Elkins, LLP 2 $ 1,443,032,552
Baker Botts, LLP 2 $ 1,113,000,000
Cooley LLP 2 $ 166,000,000
Troutman Sanders, LLP 2 $ 150,000,000
Arnold & Porter 2 $ 40,353,007
Greenberg Traurig, LLP 2 $ 35,541,648
Ellenoff Grossman & Schole LLP 2 $ 22,750,000
Weintraub Tobin Chediak Coleman Grodin 2 $ 8,000,000
Thompson & Hine, LLP 2 $ 3,295,000
Squire Patton Boggs (US) LLP 2 $ 2,830,804
Baker & Hostetler, LLP 2 $ 2,750,000
Fenwick & West, LLP 1 $ 500,000,000
Cravath, Swaine & Moore 1 $ 435,000,000
Kirkland & Ellis 1 $ 200,000,000
Blake, Cassels & Graydon LLP 1 $ 129,998,720
Paul, Weiss, Rifkind, Wharton & Garrison 1 $ 129,998,720
Seward & Kissel LLP 1 $ 63,000,000

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 OTC. Data is for closed and definitive agreement transactions reported as of 04/06/16.

The Q1 2016 PIPE Market Investor Counsel League Table

By Number of Transactions:

Legal Counsel

Transaction Count
Total Amount Advised
Morgan, Lewis & Bockius, LLP 5 $ 270,000,000
Kirkland & Ellis 3 $ 1,481,053,000
Fleming PLLC 3 $ 63,400,000
Sichenzia Ross Friedman Ference, LLP 3 $ 9,077,867
Latham & Watkins, LLP 2 $ 1,198,979,552
Sidley Austin LLP 2 $ 1,039,053,000
Ropes & Gray 2 $ 170,000,000
Schiff Hardin, LLP 2 $ 150,000,000
Simpson Thacher Bartlett, LLP 1 $ 500,000,000
Akin, Gump, Strauss, Hauer & Feld, LLP 1 $ 363,000,000
Covington & Burling 1 $ 200,000,000
Epstein Becker & Green, PC 1 $ 200,000,000
Manatt, Phelps & Phillips, LLP 1 $ 200,000,000
Wachtell, Lipton, Rosen & Katz 1 $ 200,000,000
Skadden, Arps, Slate, Meagher & Flom, LLP 1 $ 180,000,000
Orrick, Herrington & Sutcliffe, LLP 1 $ 76,500,000
Jenner & Block LLP 1 $ 44,370,000
Jones Day 1 $ 30,000,000
Bernard & Yam LLP 1 $ 20,250,000
Woods, Oviatt, Gilman, LLP 1 $ 19,000,000
VLP Law Group, LLP 1 $ 5,000,000
Gibson, Dunn & Crutcher, LLP 1 $ 2,985,000
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 1 $ 2,199,676
Dechert, LLP 1 $ 1,700,000
Mailander Law Office, Inc. 1 $ 1,020,000

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 OTC. Data is for closed and definitive agreement transactions reported as of 04/06/16.

The Q1 2016 PIPE Market Placement Agent Counsel League Table

By Number of Transactions:



Legal Counsel
Transaction Count Total Amount Advised
Ellenoff Grossman & Schole LLP 10 $ 65,452,599
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 3 $ 68,037,497
Stikeman Elliott LLP 2 $ 142,073,720
Latham & Watkins, LLP 2 $ 140,250,002
Goodwin Procter, LLP 2 $ 61,460,000
Cooley LLP 2 $ 47,074,998
Faegre Baker Daniels LLP 2 $ 11,900,003
Schiff Hardin, LLP 2 $ 4,521,000
Skadden, Arps, Slate, Meagher & Flom, LLP 1 $ 129,998,720
Fried, Frank, Harris, Shriver & Jacobson 1 $ 63,000,000
Greenberg Traurig, LLP 1 $ 12,006,000
Dentons US LLP 1 $ 10,509,998
Dentons Canada LLP 1 $ 10,509,998
Pillsbury, Winthrop, Shaw & Pittman, LLP 1 $ 5,000,000
Proskauer Rose, LLP 1 $ 4,999,997
Burns & Levinson, LLP 1 $ 3,500,000
Pryor Cashman Sherman & Flynn, LLP 1 $ 3,341,650

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. Data is for closed and definitive agreement transactions reported as of 04/06/16.

About PlacementTracker

PlacementTracker, part of the Business Intelligence Division of Informa PLC, is well recognized as the leading provider of research, data, and analytics covering the PIPE market and other capital raising methods. PlacementTracker's dynamically updated League Tables are available online at: http://www.placementtracker.com/leaguetables.cfm.

About Informa PLC

Informa is a leading business intelligence, academic publishing, knowledge and events business, creating unique content and connectivity for customers all over the world. It is listed on the London Stock Exchange and is a member of the FTSE 100.

For more information, please visit the Financial Intelligence website.

Company Contact:

Greg Hill
212-907-5884
###

Source: Informa Business Intelligence