Source: Sagient Research Systems

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
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