SAN DIEGO, July 7, 2010 (GLOBE NEWSWIRE) -- Sagient Research Systems, a leading publisher of independent research for the financial services and institutional investment communities, today announced that Rodman & Renshaw, LLC ranked as the number one most active investment bank and Downsview Capital, Inc. ranked as the number one most active institutional investor in the U.S. PIPE market during the first half of 2010.
Sagient Research also announced that Sichenzia Ross Friedman Ference, LLP ranked as the number one most active issuer counsel, Greenberg Traurig, LLP ranked as the number one most active investor counsel, and Weinstein Smith, LLP ranked as the number one most active placement agent counsel in the U.S. PIPE market for the first six months of 2010.
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, Tassanee Sukramule, Vice President of PlacementTracker said, "Underwritten deals continue to flood the PIPE space in 2010 as more firms become active in the space. For the first half of 2010, a total of $28.5 billion was raised in 764 transactions (of this amount, 54 transactions totaling $1.5 billion have been announced but not yet closed as of 07/06/10). Transaction activity picked up 58% over the same period last year. We congratulate all of the active members of the PIPE community for continued success in 2010. Most of these firms are long-time clients of PlacementTracker and we are devoted to providing them with the highest caliber data available on our industry."
PlacementTracker's dynamically updating League Tables are available online at: http://www.sagientresearch.com/pt/leaguetables.cfm.
| The 2010 U.S. PIPE Market Investment Banking League Table | ||
| By Number of Transactions (through 06/30/10): | ||
| Placement Agent Name | Transaction Count | Total Amount Placed |
| Rodman & Renshaw, LLC | 44 | $596,185,056 |
| Roth Capital Partners, LLC | 29 | $650,225,698 |
| Chardan Capital Markets | 18 | $175,431,810 |
| Lazard | 12 | $313,542,853 |
| RBC Capital Markets, Inc. | 10 | $785,952,825 |
| Needham & Company, Inc. | 9 | $279,673,488 |
| Canaccord Genuity Inc. | 8 | $262,235,165 |
| Bank of America Merrill Lynch | 7 | $1,253,672,175 |
| Sandler O'Neill & Partners, L.P. | 7 | $528,053,499 |
| Jefferies & Company, Inc. | 6 | $1,697,565,741 |
| Stifel, Nicolaus & Co., Inc. | 6 | $356,317,559 |
| Robert W. Baird & Co. | 6 | $191,875,493 |
| Merriman Curhan Ford & Company | 6 | $161,144,990 |
| Thomas Weisel Partners, LLC | 6 | $107,957,487 |
| Maxim Group LLC | 6 | $85,870,437 |
| Ladenburg Thalmann & Co., Inc. | 6 | $71,298,040 |
| Midtown Partners & Co., LLC | 6 | $30,868,148 |
| Jesup & Lamont Securities | 6 | $16,003,191 |
| Leerink Swann & Co. | 5 | $177,927,923 |
| Craig-Hallum Capital Group LLC | 5 | $115,630,000 |
| Brean Murray, Carret & Co. | 5 | $105,599,030 |
| Keefe, Bruyette & Woods, Inc. | 5 | $86,267,135 |
| Euro Pacific Capital, Inc. | 5 | $63,136,500 |
| Credit Suisse Securities (USA) LLC | 4 | $789,205,000 |
| Wells Fargo Securities, LLC | 4 | $512,868,675 |
| Investment Banking rankings exclude all 144-A Offerings, Equity Lines of Credit, 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 transactions reported as of 07/06/10. | ||
| The 2010 U.S. PIPE Market Institutional Investor League Table | ||
| By Number of Transactions (through 06/30/10): | ||
| Investor Name | Transaction Count | Total Amount Invested |
| Downsview Capital, Inc. | 22 | $17,931,827 |
| Iroquois Capital L.P. | 21 | $37,941,607 |
| Hudson Bay Capital Management | 17 | $42,482,931 |
| LH Financial Services Corporation | 17 | $7,408,313 |
| Jayhawk Capital Management | 12 | $13,946,390 |
| Heights Capital Management, Inc. | 10 | $27,244,609 |
| Midsummer Capital, LLC | 10 | $5,778,993 |
| Chestnut Ridge Partners, L.P. | 10 | $4,221,096 |
| Heller Capital Partners | 10 | $1,783,605 |
| Deerfield Management | 9 | $41,030,000 |
| Taylor Asset Management, Inc. | 9 | $8,766,490 |
| Ramius LLC | 8 | $14,535,571 |
| Gemini Strategies, LLC | 8 | $1,884,071 |
| Brio Capital Management | 7 | $1,031,983 |
| Vicis Capital, LLC | 6 | $16,000,000 |
| Vision Capital Advisors LLC | 6 | $15,248,384 |
| Guerrilla Partners LP | 6 | $10,488,441 |
| Silver Rock Group | 6 | $1,415,273 |
| Shira Capital LLC | 6 | $1,311,865 |
| Daybreak Special Situations Fund | 6 | $1,291,319 |
| Wellington Management Company | 5 | $16,531,647 |
| Longboard Capital Advisors | 5 | $3,174,920 |
| Empery Asset Management LP | 5 | $2,942,659 |
| Next View Partners LLC | 5 | $2,079,592 |
| Ancora Advisors | 5 | $1,802,119 |
| Investor rankings exclude all 144-A Offerings, Equity Lines of Credit, 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 transactions reported as of 07/06/10. | ||
| The 2010 PIPE Market Issuer Counsel League Table | ||
| By Number of Transactions (through 06/30/10): | ||
| Legal Counsel | Transaction Count | Total Amount Advised |
| Sichenzia Ross Friedman Ference, LLP | 14 | $81,637,925 |
| Dorsey & Whitney, LLP | 13 | $491,545,728 |
| K&L Gates LLP | 10 | $735,244,903 |
| Latham & Watkins, LLP | 9 | $582,706,455 |
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC | 9 | $84,388,500 |
| Cooley Godward Kronish LLP | 8 | $193,457,010 |
| Pillsbury, Winthrop, Shaw & Pittman LLP | 8 | $83,893,310 |
| Greenberg Traurig, LLP | 7 | $148,365,002 |
| Anslow & Jaclin, LLP | 7 | $77,854,611 |
| Loeb & Loeb, LLP | 6 | $239,163,277 |
| Wilmer Cutler Pickering Hale & Dorr LLP | 6 | $160,593,689 |
| Goodwin Procter, LLP | 6 | $92,751,852 |
| DLA Piper | 6 | $69,172,117 |
| Wilson Sonsini Goodrich & Rosati | 5 | $265,171,734 |
| Morgan, Lewis & Bockius, LLP | 5 | $51,262,200 |
| Ellenoff Grossman & Schole LLP | 5 | $38,021,197 |
| Wachtell, Lipton, Rosen & Katz | 4 | $832,249,999 |
| Davis Polk & Wardwell | 4 | $789,999,952 |
| Manatt, Phelps & Phillips, LLP | 4 | $506,174,998 |
| Venable, LLP | 4 | $143,712,338 |
| Baker & McKenzie | 4 | $123,040,583 |
| O'Melveny & Myers, LLP | 4 | $82,919,885 |
| Sonnenschein Nath & Rosenthal | 4 | $31,200,002 |
| Katten Muchin Rosenman, LLP | 4 | $19,447,452 |
| Richardson & Patel, LLP | 4 | $12,152,519 |
| Legal counsel rankings exclude all 144-A Offerings, Structured Equity Lines, 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 transactions reported as of 07/06/10. | ||
| The 2010 PIPE Market Investor Counsel League Table | ||
| By Number of Transactions (through 06/30/10): | ||
| Legal Counsel | Transaction Count | Total Amount Advised |
| Greenberg Traurig, LLP | 39 | $7,663,139,561 |
| Schulte Roth & Zabel, LLP | 29 | $2,085,824,318 |
| Seward & Kissel LLP | 5 | $6,557,259,996 |
| Weinstein Smith LLP | 5 | $10,607,251 |
| Skadden, Arps, Slate, Meagher & Flom | 4 | $600,000,000 |
| Peter J. Weisman, PC | 4 | $54,907,103 |
| Willkie, Farr & Gallagher | 3 | $6,379,999,996 |
| Weil, Gotshal & Manges, LLP | 3 | $925,005,570 |
| Morrison & Foerster, LLP | 3 | $219,800,000 |
| Lowenstein Sandler, PC | 3 | $89,226,324 |
| Katten Muchin Rosenman, LLP | 3 | $89,170,000 |
| Cooley Godward Kronish LLP | 3 | $38,134,000 |
| Quarles & Brady, LLP | 3 | $10,500,000 |
| Grushko & Mittman, PC | 3 | $5,799,998 |
| Simpson Thacher Bartlett, LLP | 2 | $206,267,850 |
| Baker Botts, LLP | 2 | $200,000,000 |
| Jones Day | 2 | $130,000,000 |
| Orrick, Herrington & Sutcliffe, LLP | 2 | $69,600,000 |
| Bingham McCutchen, LLP | 2 | $50,000,000 |
| Latham & Watkins, LLP | 2 | $47,000,000 |
| Goodwin Procter, LLP | 2 | $41,199,999 |
| Sullivan & Cromwell | 2 | $35,000,000 |
| Finn Dixon & Herling LLP | 2 | $18,601,500 |
| Sidley Austin LLP | 2 | $16,556,050 |
| White White & Van Etten, LLP | 2 | $11,055,000 |
| Legal counsel rankings exclude all 144-A Offerings, Structured Equity Lines, 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 transactions reported as of 07/06/10. | ||
| The 2010 PIPE Market Placement Agent Counsel League Table | ||
| By Number of Transactions (through 06/30/10): | ||
| Legal Counsel | Transaction Count | Total Amount Advised |
| Weinstein Smith LLP | 35 | $380,848,590 |
| Lowenstein Sandler, PC | 17 | $243,264,513 |
| Proskauer Rose, LLP | 12 | $247,999,591 |
| Goodwin Procter, LLP | 6 | $106,592,862 |
| Fried, Frank, Harris, Shriver & Jacobson | 4 | $1,025,877,499 |
| Latham & Watkins, LLP | 4 | $128,523,000 |
| Baker Botts, LLP | 3 | $255,401,625 |
| Choate, Hall & Stewart, LLP | 3 | $115,900,269 |
| Sichenzia Ross Friedman Ference, LLP | 3 | $69,680,729 |
| Leser, Hunter, Taubman & Taubman | 3 | $52,956,596 |
| Skadden, Arps, Slate, Meagher & Flom | 2 | $632,000,000 |
| Blake, Cassels & Graydon LLP | 2 | $26,837,286 |
| McDermott, Will & Emery | 2 | $24,010,502 |
| K&L Gates LLP | 2 | $23,203,185 |
| Faegre & Benson, LLP | 2 | $19,960,000 |
| Littman Krooks, LLP | 2 | $4,392,500 |
| Cassels Brock & Blackwell LLP | 1 | $280,197,000 |
| Milbank, Tweed, Hadley & McCloy, LLP | 1 | $239,750,000 |
| Simpson Thacher Bartlett, LLP | 1 | $230,000,001 |
| Kirkland & Ellis | 1 | $150,000,000 |
| Weil, Gotshal & Manges, LLP | 1 | $131,992,276 |
| Fasken Martineau Du Moulin, LLP | 1 | $131,992,276 |
| Hogan Lovells | 1 | $100,912,500 |
| Hunton & Williams, LLP | 1 | $70,859,550 |
| Dewey & LeBoeuf LLP | 1 | $63,537,500 |
| Legal counsel rankings exclude all 144-A Offerings, Structured Equity Lines, 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 transactions reported as of 07/06/10. | ||
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, and 2009 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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