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

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For more information, please visit the Financial Intelligence website.

Company Contact:                  

Greg Hill
212-907-5884
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