San Diego, April 3, 2013 (GLOBE NEWSWIRE) -- Sagient Research Systems, a leading publisher of independent research for the financial services and institutional investment communities, today announced that Dawson James Securities Inc. ranked as the number one most active investment bank and Deerfield Management ranked as the number one most active institutional investor in the U.S. PIPE market during the first quarter of 2013.

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 Ellenoff Grossman & Schole LLP ranked as the number one most active placement agent counsel in the U.S. PIPE market during the first quarter of 2013.

The data was compiled using PlacementTracker, a flagship product of Sagient Research Systems, recognized as the leading source 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, "A total of $7.3 billion was raised in 203 transactions in the U.S. PIPE market during the first quarter this year. Of this amount, 7 transactions totaling $76 million have been announced but not yet closed as of 4/02/13. With major market indices finally back to all time highs, there has never been a better time for issuers to raise capital through PIPEs and we expect a busy year ahead. We congratulate all of the active members of the PIPE community who made the league tables this quarter, and wish them continued success the rest of the year. Most of these firms are long-time clients of PlacementTracker, and we are dedicated to providing them with the resources to stay on top of our ever-changing industry."

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

The Q1 2013 U.S. PIPE Market Investment Banking League Table

By Number of Transactions:

Placement Agent Name                                                              Transaction Count                      Total Amount Placed
Dawson James Securities, Inc. 11         $            42,803,010
Roth Capital Partners, LLC 10         $            94,567,186
Ladenburg Thalmann & Co., Inc. 8         $          241,476,826
Cowen and Company, LLC 7         $          505,526,759
Lazard 7         $          136,544,990
Leerink Swann, LLC 6         $          556,317,575
Craig-Hallum Capital Group LLC 6         $            95,331,812
Jefferies & Company, Inc. 5         $          679,504,264
Canaccord Genuity Inc. (US) 5         $          242,930,236
Brean Capital, LLC 5         $            59,585,796
RS Platou Markets AS 4         $          565,490,554
Robert W. Baird & Co. 4         $          161,749,890
Wedbush PacGrow Life Sciences 4         $          122,213,855
National Securities Corporation 4         $            71,635,479
William Blair & Company, LLC 4         $            45,217,021
Maxim Group LLC 4         $            43,329,296
Evercore Partners Inc. 3         $          500,037,223
J.P. Morgan Chase & Co. 3         $          463,567,139
Raymond James & Associates Inc. 3         $          150,554,000
Global Hunter Securities, LLC 3         $          121,453,354
Sandler O'Neill & Partners, L.P. 3         $          119,114,000
Piper Jaffray & Co. 3         $            67,693,750
Needham & Company, LLC 3         $            64,950,312
Burrill & Company 3         $            21,289,988
Aegis Capital Corporation 3         $            16,758,750

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 4/02/13.
 

The Q1 2013 U.S. Healthcare PIPE Market Investment Banking League Table

By Number of Transactions:

Placement Agent Name                                                              Transaction Count                      Total Amount Placed
Dawson James Securities, Inc.    8         $          $34,154,006
Cowen and Company, LLC    7         $          505,526,759
Leerink Swann, LLC    6         $          556,317,575
Ladenburg Thalmann & Co., Inc.    6         $          225,041,826
Jefferies & Company, Inc.    5         $          679,504,264
Wedbush PacGrow Life Sciences    4         $          122,213,855
Canaccord Genuity Inc. (US)    3         $          155,427,361
Robert W. Baird & Co.     3         $          126,743,390
Lazard    3         $            62,349,999
Roth Capital Partners, LLC    3         $            47,305,056
William Blair & Company, LLC    3         $            33,217,021
Craig-Hallum Capital Group LLC    3         $            27,381,500
Burrill & Company    3         $            21,289,988
Aegis Capital Corporation    3         $            16,758,750
J.P. Morgan Chase & Co.    2         $          406,064,264
Piper Jaffray & Co.    2         $            57,193,750
Oppenheimer & Co. Inc.    2         $            51,099,920
Brean Capital, LLC    2         $            18,179,296
Maxim Group LLC    2         $            18,179,296
Benchmark Company, LLC (The)    2         $            11,500,000
BMO Capital Markets Corp.    1         $          323,201,903
RBC Capital Markets, Inc.    1         $          323,201,903
UBS Securities LLC    1         $          323,201,903
Stifel Nicolaus Weisel    1         $            52,440,000
Cantor Fitzgerald & Company    1         $            52,440,000

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 4/02/13.
 

The Q1 2013 U.S. PIPE Market Investment Banking League Table

By Total Amount Placed:

Placement Agent Name                                                              Transaction Count                      Total Amount Placed
Goldman Sachs (Asia) LLC    1         $       3,099,692,239
Jefferies & Company, Inc.    5         $          679,504,264
RS Platou Markets AS    4         $          565,490,554
Leerink Swann, LLC    6         $          556,317,575
Cowen and Company, LLC   7         $          505,526,759
Evercore Partners Inc.    3         $          500,037,223
DnB NOR Markets    2         $          465,037,200
Clarkson Capital Markets    2         $          465,037,200
J.P. Morgan Chase & Co.    3         $          463,567,139
RBC Capital Markets, Inc.    2         $          380,704,778
BMO Capital Markets Corp.    1         $          323,201,903
UBS Securities LLC    1         $          323,201,903
Canaccord Genuity Inc. (US)    5         $          242,930,236
Ladenburg Thalmann & Co., Inc.    8         $          241,476,826
SEB Enskilda AS    1         $          234,997,200
Robert W. Baird & Co.     4         $          161,749,890
Raymond James & Associates Inc.    3         $          150,554,000
Lazard    7         $          136,544,990
Wedbush PacGrow Life Sciences    4         $          122,213,855
Global Hunter Securities, LLC    3         $          121,453,354
Sandler O'Neill & Partners, L.P.    3         $          119,114,000
S. Goldman Capital LLC    2         $          100,453,354
DVB Capital Markets    2         $          100,453,354
Craig-Hallum Capital Group LLC    6         $            95,331,812
Citigroup Global Markets, Inc. 2         $            93,313,391

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 4/02/13.
 

        The Q1 2013 U.S. PIPE Market Institutional Investor League Tables

By Number of Transactions:

Investor Name                                                                               Transaction Count                   Total Amount Invested
Deerfield Management 4     $              31,500,000
Sabby Management, LLC 4         $                5,600,000
Hudson Bay Capital Management L.P. 4         $                4,525,000
Hercules Tech. Growth Capital, Inc. (NASDAQ: HTGC) 3         $              28,000,000
Frost Group, LLC (The) 3         $                4,400,000
Iroquois Capital L.P. 3         $                1,625,000
Downsview Capital, Inc. 3         $                1,250,001
Fulai Investments Limited 2         $              24,510,000
Socius Capital Group, LLC 2         $              15,500,148
OrbiMed Advisors, LLC 2         $              11,762,001
Heights Capital Management, Inc.    2         $                9,000,000
Aspire Capital Partners, Inc. 2         $                1,250,000
Anson Capital, LP 2         $                   750,000
Empery Asset Management LP 2         $                   550,000
Castle Creek Capital 2 Not Disclosed
GCP Capital Partners 2 Not Disclosed
CITIC Capital Finance Limited 1         $            467,878,815
Novolink Investments Limited 1         $            199,999,996
Ashmore Investment Management Limited 1         $              60,000,000
Natural Gas Partners 1         $              55,800,000
Claradon Investments Limited 1         $              50,000,010
White Deer Energy L.P. 1         $              50,000,000
GSO Capital Partners LP 1         $              39,999,982
Steel Partners Holdings L.P. (NYSE: SPLP) 1         $              30,000,000
Bosland Limited     1             $              29,999,997

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 4/02/13.
 

The Q1 2013 PIPE Market Issuer Counsel League Table

By Number of Transactions:

Legal Counsel                                                                             Transaction Count                    Total Amount Advised
Cooley LLP 7 $          150,959,322
O'Melveny & Myers, LLP 5 $            40,250,004
Ropes & Gray 4 $          103,851,361
Troutman Sanders, LLP 4 $            80,782,491
Morgan, Lewis & Bockius, LLP 4 $            64,537,238
Dorsey & Whitney, LLP 4 $            42,819,000
Seward & Kissel LLP 3 $          486,037,200
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 3 $          340,111,903
Baker, Donelson, Bearman, Caldwell & Berkowitz, PC 3 $            18,592,021
Greenberg Traurig, LLP 3 $            10,477,500
Baker Botts, LLP 2 $            98,545,000
Wilmer Cutler Pickering Hale & Dorr, LLP 2 $            92,502,795
Patton Boggs, LLP 2 $            43,950,000
Vorys, Sater, Seymour & Pease, LLP 2 $            42,000,000
Arnold & Porter 2 $            40,740,299
Sichenzia Ross Friedman Ference, LLP 2 $            40,415,402
Latham & Watkins, LLP 2 $            36,418,495
Graubard Miller 2 $            23,325,000
Wyrick Robbins Yates & Ponton, LLP 2 $            22,175,000
Wilson Sonsini Goodrich & Rosati 2 $            21,658,000
Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP 2 $            19,300,179
DLA Piper 2 $            19,125,000
Duane Morris, LLP 2 $            16,822,496
Stradling, Yocca, Carlson & Rauth, PC 2 $            15,999,999
Perkins Coie, LLP 2 $              6,901,767

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 4/02/13.
 

The Q1 2013 PIPE Market Investor Counsel League Table

By Number of Transactions:

Legal Counsel                                                                                Transaction Count                   Total Amount Advised
Schulte Roth & Zabel, LLP 13 $            232,457,691
Vinson & Elkins, LLP 3 $            145,085,000
Greenberg Traurig, LLP 3 $              15,300,001
Peter J. Weisman, PC 3 $                7,925,000
DLA Piper 2 $              44,590,000
Matthew M. Guest, Esq. 2 $              44,590,000
Wachtell, Lipton, Rosen & Katz 2 $              44,590,000
Katten Muchin Rosenman, LLP 2 $              30,500,000
Latham & Watkins, LLP 1 $            364,999,970
Proskauer Rose, LLP 1 $            364,999,970
Andrews Kurth LLP 1 $              59,260,000
Baker Botts, LLP 1 $              35,000,023
Olshan Frome Wolosky LLP 1 $              30,000,000
Ellenoff Grossman & Schole LLP 1 $                9,183,336
Duane Morris, LLP 1 $                8,727,786
Richard A. Silfen, Esq. 1 $                8,727,786
Lowenstein Sandler, PC 1 $                5,000,000
Vincent & Rees, LC 1 $                1,800,000
John E. Parker 1 $                1,500,000
Honigman Miller Schwartz & Cohn 1 $                1,000,000

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 4/02/13.
 

The Q1 2013 PIPE Market Placement Agent Counsel League Table

By Number of Transactions:

Legal Counsel                                                                                Transaction Count                   Total Amount Advised
Ellenoff Grossman & Schole LLP 9  $            40,148,010
Goodwin Procter, LLP 8  $          141,560,467
Proskauer Rose, LLP 7  $          416,538,915
Lowenstein Sandler, PC 4  $            51,446,800
Sichenzia Ross Friedman Ference, LLP 3  $            17,650,000
Covington & Burling 2  $          135,302,361
Ropes & Gray 2  $            72,466,811
Latham & Watkins, LLP 2  $            46,053,391
LeClairRyan, PC 2  $            22,987,496
Morgan, Lewis & Bockius, LLP 2  $            22,562,400
Davis Polk & Wardwell 1  $          230,040,000
Fried, Frank, Harris, Shriver & Jacobson 1  $            50,001,255
Cooley LLP 1  $            46,000,000
Bingham McCutchen, LLP 1  $            37,950,000
Andrews Kurth LLP 1  $            35,490,000
Polk & Wardwell LLP 1  $            35,200,000
Michael Best & Friedrich LLP 1  $            35,006,500
Dechert, LLP 1  $            32,000,000
Choate, Hall & Stewart, LLP 1  $            20,125,000
Stikeman Elliott LLP 1  $            20,125,000
Davis LLP 1  $            18,000,000
Faegre Baker Daniels LLP 1  $            13,081,500
Kaufman & Canoles 1  $            12,900,000
Reed Smith, LLP 1  $            11,758,750
K&L Gates LLP 1                        $            10,500,000

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 4/02/13.

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.

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Mike Kotecki
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