PlacementTracker Publishes PIPE Market League Tables


SAN DIEGO, April 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 Iroquois Capital L.P. ranked as the number one most active institutional investor in the U.S. PIPE market during the first quarter of 2010.

Sagient Research also announced that Dorsey & Whitney, 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 beginning 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, "The robust activity in the fourth quarter of 2009 made for a smooth transition in 2010 activity levels. For the first quarter of 2010, a total of $15.33 billion was raised in 316 transactions (of this amount, 22 transactions totaling $417.7 million have been announced but not yet closed as of 04/06/10). Transaction activity picked up 69% over the same period last year. In addition, average transaction size also increased 138% over the first quarter of 2009. This is due, in large part, to the marked increase in public/private hybrid deals such as confidentially-marketed public offerings and underwritten registered directs. 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 dedicated to providing them with access to data on our ever-changing 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 03/31/10):
     
Placement Agent Name Transaction Count Total Amount Placed
Rodman & Renshaw, LLC 24  $ 359,076,456
Roth Capital Partners, LLC 17  $ 298,622,379
Chardan Capital Markets 11  $ 119,295,553
RBC Capital Markets, Inc. 6  $ 318,364,700
Lazard 6  $  194,250,000
Needham & Company, Inc. 6  $ 144,485,988
Canaccord Adams, Inc. 5  $ 121,835,165
Merriman Curhan Ford & Company 5  $ 97,894,985
Thomas Weisel Partners, LLC 4  $ 64,853,564
Robert W. Baird & Co. 3  $ 136,844,993
Leerink Swann & Co. 3  $ 133,324,000
Jefferies & Company, Inc. 3  $ 102,672,991
Madison Williams and Company LLC 3  $ 97,171,609
Stifel, Nicolaus & Co., Inc. 3  $ 88,487,220
Brean Murray, Carret & Co. 3  $ 55,599,022
Keefe, Bruyette & Woods, Inc. 3  $ 31,166,800
Hunter Wise Securities, LLC 3  $ 15,200,155
Taglich Brothers, Inc. 3  $ 7,033,000
Merrill Lynch & Co., Inc. 2  $ 354,027,499
Sandler O'Neill & Partners, L.P. 2  $ 281,803,499
Oppenheimer & Co. Inc. 2  $ 96,568,929
FIG Partners, LLC 2  $ 66,026,002
Newbridge Securities Corporation 2  $ 44,230,792
Deutsche Bank Securities, Inc. 2  $ 43,000,000
Maxim Group LLC 2  $ 42,902,493
     
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 04/06/10.
 

 

The 2010 U.S. PIPE Market Investment Banking League Table
By Total Amount Placed (through 03/31/10):
     
Placement Agent Name Transaction Count Total Amount Placed
Rodman & Renshaw, LLC 24  $ 359,076,456
Merrill Lynch & Co., Inc. 2  $ 354,027,499
RBC Capital Markets, Inc. 6  $ 318,364,700
Roth Capital Partners, LLC 17  $ 298,622,379
Sandler O'Neill & Partners, L.P. 2  $ 281,803,499
Raymond James & Associates Inc. 1  $ 221,777,500
Lazard 6  $ 194,250,000
Needham & Company, Inc. 6  $ 144,485,988
Macquarie Capital Markets Canada Ltd. 1  $ 143,470,000
Robert W. Baird & Co. 3  $ 136,844,993
Leerink Swann & Co. 3  $ 133,324,000
Goldman, Sachs & Co. 1  $ 132,249,999
Canaccord Adams, Inc. 5  $ 121,835,165
Chardan Capital Markets 11  $ 119,295,553
APEX Underwriting Ltd. 1  $ 107,586,180
Poalim I.B.I Underwriting & Issuing Ltd. 1  $ 107,586,180
Giza Zinger Even Capital Markets Limited 1  $ 107,586,180
Leader Issuing (1993) Limited 1  $ 107,586,180
Discount Underwriters and Issuing Limited 1  $ 107,586,180
Barak Capital Underwriting 1  $ 107,586,180
Jefferies & Company, Inc. 3  $ 102,672,991
Janney Montgomery Scott, Inc. 1  $ 100,912,500
Merriman Curhan Ford & Company 5  $ 97,894,985
Madison Williams and Company LLC 3  $ 97,171,609
William Blair & Company, LLC 1  $ 96,600,000
 
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 04/06/10.
 
The 2010 U.S. PIPE Market Institutional Investor League Table
By Number of Transactions (through 03/31/10):
     
Investor Name Transaction Count Total Amount Invested
Iroquois Capital L.P. 13 $ 16,734,639
Downsview Capital, Inc. 11 $ 9,652,796
Hudson Bay Capital Management L.P. 10 $ 66,457,979
LH Financial Services Corporation 8 $ 4,496,240
Jayhawk Capital Management, L.L.C. 7 $ 7,727,838
Heller Capital Partners 7 $ 1,397,299
Midsummer Capital, LLC 6 $ 4,400,000
Heights Capital Management, Inc. 5 $ 13,960,000
Silver Rock Group 5 $ 972,009
Deerfield Management 5  $ Not Disclosed
Taylor Asset Management, Inc. 4 $ 3,985,028
Kingsbrook Partners, LP 4 $ 949,995
Shira Capital 4 $ 803,863
Daybreak Special Situations Fund 4 $ 657,796
Great Point Partners, LLC 3 $ 21,118,554
Vision Capital Advisors LLC 3 $ 6,300,000
Guerilla Partners LP 3 $ 4,880,022
Ramius LLC 3 $ 3,499,996
Chardan Capital Markets 3 $  3,310,000
Longboard Capital Advisors 3 $ 2,624,970
Chestnut Ridge Partners, L.P. 3 $ 1,173,355
Ancora Advisors 3 $ 815,000
Sandor Capital Master Fund, LP 3 $ 649,000
Gemini Strategies, LLC 3 $ 560,000
Trillion Growth China LLP 3 $ 460,000
 
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 04/06/10.
 
The 2010 PIPE Market Issuer Counsel League Table
By Number of Transactions (through 03/31/10):
     
Legal Counsel Transaction Count Total Amount Advised
Dorsey & Whitney, LLP 9  $ 349,682,304
Sichenzia Ross Friedman Ference, LLP 9  $ 48,616,177
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 8  $ 68,788,500
Latham & Watkins, LLP 5  $ 127,956,455
K&L Gates LLP 5  $ 41,295,003
Greenberg Traurig, LLP 4  $ 81,614,997
Wilson Sonsini Goodrich & Rosati 4  $ 65,166,114
Cooley Godward Kronish LLP 4  $ 57,529,439
Pillsbury, Winthrop, Shaw & Pittman, LLP 4  $ 44,415,503
Anslow & Jaclin, LLP 4  $ 39,799,538
Katten Muchin Rosenman, LLP 4  $ 19,447,452
Kirkland & Ellis 3  $ 122,312,500
Loeb & Loeb, LLP 3  $ 97,556,970
Pryor Cashman Sherman & Flynn, LLP 3  $ 75,100,269
Wilmer Cutler Pickering Hale & Dorr, LLP 3  $ 46,589,766
Morgan, Lewis & Bockius, LLP 3  $ 38,501,500
Gersten Savage, LLP 3  $ 9,575,000
Skadden, Arps, Slate, Meagher & Flom, LLP 2  $ 1,590,144,729
Paul, Hastings, Janofsky & Walker, LLP 2  $ 113,909,352
Venable, LLP 2  $ 98,712,337
Baker & McKenzie 2  $ 88,040,583
Fulbright & Jaworski, LLP 2  $ 42,621,800
O'Melveny & Myers, LLP 2  $  41,919,885
Jones Day 2  $ 39,949,999
DLA Piper 2  $ 34,454,986
 
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 01406/10.
 

 

The 2010 PIPE Market Investor Counsel League Table
By Number of Transactions (through 03/31/10):
     
Legal Counsel Transaction Count Total Amount Advised
Greenberg Traurig, LLP 21 $ 278,599,247
Schulte Roth & Zabel, LLP 11 $ 405,835,584
Peter J. Weisman, PC 4 $ 54,897,101
Lowenstein Sandler, PC 3 $ 89,226,324
Orrick, Herrington & Sutcliffe, LLP 2 $ 69,600,000
Goodwin Procter, LLP 2 $ 41,199,999
Proskauer Rose, LLP 2 $ 10,075,001
Kleinberg, Kaplan Wolff & Cohen, PC 2 $ 6,575,000
Willkie, Farr & Gallagher 1 $6,300,000,000
Cleary, Gottlieb, Steen & Hamilton 1 $1,580,906,729
Andrews Kurth, LLP 1 $ 124,999,997
King & Wood, LLP 1 $ 48,500,000
Skadden, Arps, Slate, Meagher & Flom, LLP 1 $ 30,000,000
Dechert, LLP 1 $ 25,000,000
Cooley Godward Kronish LLP 1 $ 25,000,000
Latham & Watkins, LLP 1 $ 22,000,000
Morrison & Foerster, LLP 1 $ 19,800,000
Vorys, Sater, Seymour & Pease, LLP 1 $ 17,500,000
Katten Muchin Rosenman, LLP 1 $ 13,640,000
Pillsbury Winthrop, LLP 1 $ 12,000,000
Ropes & Gray 1  $ 12,000,000
O'Melveny & Myers, LLP 1  $ 7,306,439
Quinn & Brooks, LLP 1  $ 5,735,472
Arnold & Porter 1  $ 5,652,450
Quarles & Brady, LLP 1  $ 5,000,000
 
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  04/06/10.
 

 

The 2010 PIPE Market Placement Agent Counsel League Table
By Number of Transactions (through 03/31/10):
     
Legal Counsel Transaction Count Total Amount Advised
Weinstein Smith LLP 22  $ 258,004,768
Lowenstein Sandler, PC 11  $ 155,312,433
Proskauer Rose, LLP 7  $ 180,311,988
Goodwin Procter, LLP 5  $ 78,771,125
Fried, Frank, Harris, Shriver & Jacobson 2  $ 354,027,499
Latham & Watkins, LLP 2  $ 48,023,000
Blake, Cassels & Graydon LLP 2  $ 26,837,286
K&L Gates LLP 2  $ 22,541,685
Littman Krooks, LLP 2  $ 3,607,500
Hogan & Hartson, LLP 1  $ 100,912,500
Hunton & Williams, LLP 1  $ 70,859,550
Kilpatrick Stockton, LLP 1  $ 60,025,999
Peter J. Weisman, PC 1  $ 44,059,608
Skadden, Arps, Slate, Meagher & Flom, LLP 1  $ 32,000,000
Sichenzia Ross Friedman Ference, LLP 1  $ 30,000,022
Baker Botts, LLP 1  $ 29,325,000
Andrews Kurth, LLP 1  $ 27,852,787
Godfrey & Kahn, SC 1  $ 27,312,500
Leser, Hunter, Taubman & Taubman 1  $ 24,801,273
Pillsbury, Winthrop, Shaw & Pittman, LLP 1  $ 24,750,000
Grandall Legal Group 1  $ 24,750,000
Wilmer Cutler Pickering Hale & Dorr, LLP 1  $ 23,000,000
Stikeman Elliott LLP 1  $ 23,000,000
Appleby 1  $ 21,000,000
Meitar, Liquornik, Geva & Leshem Brandwein 1  $ 18,374,125
 
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 04/06/10.
 

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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