San Diego, Oct. 3, 2012 (GLOBE NEWSWIRE) -- Sagient Research Systems, a leading publisher of independent research for the financial services and institutional investment communities, today announced that Roth Capital Partners, LLC ranked as the number one most active investment bank and Fidelity Management & Research Corporation ranked as the number one most active institutional investor in the U.S. PIPE market during the first three quarters of 2012.    We are also pleased to announce for the first time the most active investment bank in the healthcare sector: Cowen and Company, LLC.

Sagient Research also announced that Cooley LLP ranked as the number one most active issuer counsel, Schulte Roth & Zabel, LLP ranked as the number one most active investor counsel, and Goodwin Procter, LLP ranked as the number one most active placement agent counsel in the U.S. PIPE market through the first three quarters of 2012.

PlacementTracker, a flagship product of Sagient Research Systems, is well recognized as the leading provider of research, data, and analytics covering the PIPE market.

Commenting on the activity in the PIPE market, Robert Kyle, Sagient Research's Chief Executive Officer said, "During the first three quarters of 2012, a total of $21.4 billion was raised in 642 transactions (of this amount, 8 transactions totaling $81.5 million have been announced but not yet closed as of 10/2/12).  This compares to $22 billion raised through 740 transactions during the first three quarters of 2011. Although overall private deal volume is down year over year, activity in the healthcare sector has been strong so far in 2012, growing 13% by deal activity and 36% by amount raised.    We congratulate all of the active members of the PIPE community for continued success in 2012.  Many of our clients who are active in the growing healthcare sector are also taking advantage of our BioMedTracker product, which helps them better understand and keep track of the issuer's position in the biotech competitive landscape."

PlacementTracker's dynamically updating League Tables are available online at: http://www.placementtracker.com/pt/leaguetables.cfm.  To better understand how BioMedTracker can complement your PlacementTracker subscription to fully understand the competitive landscape for issuers you invest in or advise, please click here.

 

The 2012 U.S. PIPE Market Investment Banking League Table

By Number of Transactions (through 10/02/12):

Placement Agent Name                                                     Transaction Count                  Total Amount Placed
Roth Capital Partners, LLC 31  $         661,463,734
Rodman & Renshaw, LLC 30  $         421,219,432
Cowen and Company, LLC 23  $      1,181,875,553
JMP Securities LLC 21  $         830,765,441
Jefferies & Company, Inc. 18  $      1,086,363,000
Leerink Swann, LLC 16  $         983,025,927
Lazard 15  $         646,638,516
Oppenheimer & Co. Inc. 14  $         680,810,500
Piper Jaffray & Co. 14  $         665,436,385
Canaccord Genuity Inc. (US) 14  $         499,662,882
Aegis Capital Corporation 13  $         163,006,086
Stifel Nicolaus Weisel 12  $         575,546,379
Ladenburg Thalmann & Co., Inc. 11  $         225,456,968
Craig-Hallum Capital Group LLC 10  $         157,004,755
Maxim Group LLC 9  $         164,707,601
Chardan Capital Markets 9  $           29,171,500
Wedbush PacGrow Life Sciences 8  $         427,322,532
William Blair & Company, LLC 8  $         365,644,501
Barclays Capital, Inc. 6  $      1,011,793,124
J.P. Morgan Chase & Co. 6  $         412,153,503
Summer Street Research Partners 6  $         215,746,500
Needham & Company, LLC 6  $         177,928,818
Wells Fargo Securities, LLC 5  $         593,285,672
RBC Capital Markets, Inc. 5  $         389,167,066
Sandler O'Neill & Partners, L.P.                                5  $         167,163,600

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 10/02/12.

   

The 2012 U.S. Healthcare PIPE Market Investment Banking League Table

By Number of Transactions (through 10/02/12):

Placement Agent Name                                                         Transaction Count            Total Amount Placed
Cowen and Company, LLC 22          $         1,146,875,553
Rodman & Renshaw, LLC 21          $            258,529,148
JMP Securities LLC 20          $            800,761,641
Roth Capital Partners, LLC 18          $            452,137,264
Leerink Swann, LLC 16          $            983,025,927
Jefferies & Company, Inc. 16          $            957,363,000
Oppenheimer & Co. Inc. 12          $            630,503,250
Piper Jaffray & Co. 12          $            558,592,635
Canaccord Genuity Inc. (US) 12          $            457,328,882
Stifel Nicolaus Weisel 10          $            528,446,379
William Blair & Company, LLC 8          $            365,644,501
Aegis Capital Corporation 8          $             90,240,425
Wedbush PacGrow Life Sciences 7          $            367,522,532
Ladenburg Thalmann & Co., Inc. 7          $            120,833,418
Lazard 6          $            381,746,888
Summer Street Research Partners 6          $            215,746,500
J.P. Morgan Chase & Co. 5          $            367,153,503
Needham & Company, LLC 5          $            170,648,818
Maxim Group LLC 5          $              86,428,465
Craig-Hallum Capital Group LLC 4          $              44,395,000
Wells Fargo Securities, LLC 3          $            311,675,000
Morgan Stanley 3          $            290,033,618
RBC Capital Markets, Inc. 3          $            179,163,282
Brean Murray, Carret & Co. 3          $            149,988,750
Laidlaw & Company (UK) Ltd. 3          $                7,504,850

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 10/02/12.

 

The 2012 U.S. PIPE Market Investment Banking League Table

By Total Amount Placed (through 10/02/12):

Placement Agent Name                                                     Transaction Count                Total Amount Placed
Credit Suisse Securities (USA) LLC Contact Info 3        $        2,100,207,247
Cowen and Company, LLC Contact Info 23        $        1,181,875,553
Jefferies & Company, Inc. Contact Info 18        $        1,086,363,000
Barclays Capital, Inc. Contact Info 6        $        1,011,793,124
Leerink Swann, LLC Contact Info 16        $           983,025,927
JMP Securities LLC Contact Info 21        $           830,765,441
Oppenheimer & Co. Inc. Contact Info 14        $           680,810,500
Piper Jaffray & Co. Contact Info 14        $           665,436,385
Roth Capital Partners, LLC Contact Info 31        $           661,463,734
Lazard Contact Info 15        $           646,638,516
Wells Fargo Securities, LLC Contact Info 5        $           593,285,672
Stifel Nicolaus Weisel Contact Info 12        $           575,546,379
DnB NOR Markets Contact Info 2        $           550,000,000
Nordea Bank Denmark A/S Contact Info 2        $           550,000,000
Arctic Securities Contact Info 2        $           550,000,000
Canaccord Genuity Inc. (US) Contact Info 14        $           499,662,882
Goldman, Sachs & Co. Contact Info 2        $           469,575,599
Wedbush PacGrow Life Sciences Contact Info 8        $           427,322,532
Rodman & Renshaw, LLC Contact Info 30        $           421,219,432
J.P. Morgan Chase & Co. Contact Info 6        $           412,153,503
RBC Capital Markets, Inc. Contact Info 5        $           389,167,066
William Blair & Company, LLC Contact Info 8        $           365,644,501
RS Platou Markets AS Contact Info 2        $           327,000,000
Pareto Securities Contact Info 2       $           313,144,000
SEB Enskilda AS Contact Info 1              $           300,000,000

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 10/02/12.

   

The 2012 U.S. PIPE Market Institutional Investor League Table

By Number of Transactions (through 10/02/12):

Investor Name                                                                 Transaction Count                    Total Amount Invested
Fidelity Management & Research Corporation 35 $         171,682,324
Heights Capital Management, Inc. 30 $         140,116,841
Hudson Bay Capital Management L.P. 27 $         112,998,742
Millennium Management, LLC 21 Not Disclosed
Teachers Insurance and Annuity Association 21 Not Disclosed
Downsview Capital, Inc. 20 $           10,557,618
Iroquois Capital L.P. 20 $             9,787,007
D.E. Shaw & Co., L.P. 19 Not Disclosed
Kingsbrook Partners, LP 18 $           13,661,506
UBS O'Connor LLC 18 $           13,343,746
Baker Brothers Advisors, LLC 17 $           89,639,800
Deerfield Management 17 $           41,950,001
Columbia Management Investment Advisers, LLC 17 $             4,144,560
T. Rowe Price Associates, Inc. 13 $           79,893,668
Brio Capital Management LLC 13 $             3,200,001
Perceptive Advisors, LLC 13 $             2,000,000
AQR Capital Management, LLC 13 Not Disclosed
Citadel Advisors, LLC 12 $           25,990,901
Wellington Management Company LLP 12 $           23,161,631
Ayer Capital Management, LP 12 $           14,050,000
DAFNA Capital Management, LLC 12 $             4,250,002
S.A.C. Capital Advisors, LLC 12 Not Disclosed
Two Sigma Investments, LLC 12 Not Disclosed
Empery Asset Management LP 11 $           34,379,564
Frost Group, LLC (The) 7 $           14,850,000
     

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 10/02/12.

   

The 2012 PIPE Market Issuer Counsel League Table

By Number of Transactions (through 10/02/12):

Legal Counsel                                                                 Transaction Count                     Total Amount Advised
Cooley LLP 22      $      1,041,396,212
Latham & Watkins, LLP 12      $         380,481,614
Sichenzia Ross Friedman Ference, LLP 12      $           80,218,104
Ropes & Gray 8      $         297,886,622
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 8      $         200,736,996
Wilson Sonsini Goodrich & Rosati 8      $         197,446,460
Greenberg Traurig, LLP 8      $         111,207,627
Skadden, Arps, Slate, Meagher & Flom, LLP 7      $      1,092,635,806
Goodwin Procter, LLP 6      $         171,463,541
Dorsey & Whitney, LLP 6      $         151,240,879
Pillsbury, Winthrop, Shaw & Pittman, LLP 6      $           77,005,002
Anslow & Jaclin, LLP 6      $           11,008,947
Jones Day 5      $         618,530,005
Fenwick & West, LLP 5      $         381,308,640
Wilmer Cutler Pickering Hale & Dorr, LLP 5      $         146,336,795
K&L Gates LLP 5      $           71,040,001
Morrison & Foerster, LLP 5      $           57,113,023
Graubard Miller 5      $           39,973,053
Ellenoff Grossman & Schole LLP 5      $           18,500,000
Vinson & Elkins, LLP 4      $         894,687,508
Woodburn & Wedge 4      $         106,007,505
Lowenstein Sandler, PC 4      $           78,427,743
DLA Piper 4      $           38,077,500
Wachtell, Lipton, Rosen & Katz 3      $         469,070,500
Stradling, Yocca, Carlson & Rauth, PC 3          $         292,907,001

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 10/02/12.

   

The 2012 PIPE Market Investor Counsel League Table

By Number of Transactions (through 10/02/12):

Legal Counsel                                                                Transaction Count                       Total Amount Advised
Schulte Roth & Zabel, LLP 59   $        2,198,381,530
Greenberg Traurig, LLP 16   $           283,815,194
Ropes & Gray 7   $           210,863,601
Ellenoff Grossman & Schole LLP 7   $             33,668,000
Latham & Watkins, LLP 6   $        1,954,057,610
Grushko & Mittman, PC 4   $               7,360,000
Baker Botts, LLP 3   $           497,387,431
DLA Piper 3   $           490,000,031
Vinson & Elkins, LLP 3   $           235,001,009
Sullivan & Cromwell 3   $             97,299,988
Sichenzia Ross Friedman Ference, LLP 3   $             13,566,281
Peter J. Weisman, PC 3   $               4,645,000
Munger, Tolles & Olson, LLP 2   $           805,000,055
Simpson Thacher Bartlett, LLP 2   $           516,069,000
Thompson & Knight, LLP 2   $           280,000,325
Sidley Austin LLP 2   $           275,000,000
Wilson Sonsini Goodrich & Rosati 2   $           203,463,240
Skadden, Arps, Slate, Meagher & Flom, LLP 2   $             79,848,903
Jones Day 2   $             62,000,012
O'Melveny & Myers, LLP 2   $             41,000,000
Katten Muchin Rosenman, LLP 2   $             33,000,000
Lowenstein Sandler, PC 2   $             10,251,497
Seward & Kissel LLP 2   $               5,331,182
Foley & Lardner 1   $           400,000,000
White & Case, LLP 1       $           400,000,000

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 10/02/12.

   

The 2012 PIPE Market Placement Agent Counsel League Table

By Number of Transactions (through 10/02/12):

Legal Counsel                                                                 Transaction Count                       Total Amount Advised
Goodwin Procter, LLP 32          $           936,181,700
Ellenoff Grossman & Schole LLP 29          $           135,657,046
Latham & Watkins, LLP 14          $           978,749,388
Proskauer Rose, LLP 11          $           306,759,926
Lowenstein Sandler, PC 10          $             76,847,147
Sullivan & Cromwell 4          $           247,418,750
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 4          $           114,999,560
Zysman, Aharoni, Gayer & Company Law Offices 4          $             17,627,883
Cooley LLP 3          $           135,124,992
Sichenzia Ross Friedman Ference, LLP 3          $             21,027,260
Morrison & Foerster, LLP 2          $           230,003,800
Willkie, Farr & Gallagher 2          $           190,033,618
Covington & Burling 2          $           103,775,000
Davis Polk & Wardwell 2          $           101,375,000
Dewey & LeBoeuf LLP 2          $             81,908,750
Davis Polk & Wardwell LLP 2          $             56,019,999
Reed Smith, LLP 2          $             56,000,040
Ropes & Gray 2          $             55,500,150
K&L Gates LLP 2          $             47,485,500
Goodmans, LLP 2          $             39,760,376
LeClairRyan, PC 2          $             34,500,006
Jones Day 2          $             32,355,001
Faegre & Benson, LLP 2          $             15,294,255
Littman Krooks, LLP 2          $             14,997,608
Andrews Kurth, LLP 1              $           250,000,024

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 10/02/12.

About Sagient Research Systems

Sagient Research Systems is a publisher of specialized research and data.  We develop, produce, and sell proprietary research products to global enterprises, including investment banks, mutual and hedge funds, pharmaceutical companies, academic institutions, and government agencies.  Our business strategy is to continue to leverage our development, technology, and marketing expertise to solidify our position as a leading provider of independent research.  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.

Mike Kotecki
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