SAN DIEGO, Jul 13, 2012 (GlobeNewswire via COMTEX) — Sagient Research Systems, a leading publisher of independent research for the financial services and institutional investment communities, today announced that Roth Capital Partners, LLC ranked as the number one most active investment bank and Heights Capital Management, Inc. ranked as the number one most active institutional investor in the U.S. PIPE market during the first half of 2012.
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 Goodwin Procter, LLP ranked as the number one most active placement agent counsel in the U.S. PIPE market through the first half of 2012.
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, Robert Kyle, Sagient Research’s Chief Executive Officer said, “During the first half of 2012, a total of $12.4 billion was raised in 475 transactions (of this amount, 28 transactions totaling $94 million have been announced but not yet closed as of 7/11/12). This compares to $13.9 billion raised through 573 transactions during the first half of 2011. Concerns over Europe and the global economy have prevented the bounce back for the capital markets in 2012 that many in our industry had foreseen earlier in the year. However, the trend towards larger, quality deals in the private placement market continued, with average deal size up 14% over the same period a year ago. We congratulate all of the active members of the PIPE community for continued success in 2012. Most of these firms are long-time clients of PlacementTracker, and we are dedicated to continuing to provide them with market leading data and analytics for our ever-changing industry.”
PlacementTracker’s dynamically updating League Tables are available online at: http://www.placementtracker.com/pt/leaguetables.cfm .
The First Half 2012 U.S. PIPE Market Investment Banking League Table By Number of Transactions (through 7/11/12): Transa ction Placement Agent Name Count Total Amount Placed Roth Capital Partners, LLC 25 $ 594,955,389 Rodman & Renshaw, LLC 24 $ 395,988,547 Cowen and Company, LLC 18 $ 889,628,078 JMP Securities LLC 16 $ 595,869,049 Jefferies & Company, Inc. 14 $ 833,313,000 Leerink Swann, LLC 12 $ 720,064,077 Lazard 11 $ 528,742,388 Piper Jaffray & Co. 10 $ 489,453,135 Stifel Nicolaus Weisel 10 $ 424,310,754 Canaccord Genuity Inc. (US) 10 $ 312,074,278 Aegis Capital Corporation 10 $ 128,093,501 Oppenheimer & Co. Inc. 9 $ 379,225,000 Ladenburg Thalmann & Co., Inc. 8 $ 178,586,417 Craig-Hallum Capital Group LLC 7 $ 133,358,705 Maxim Group LLC 7 $ 121,770,099 Wedbush PacGrow Life Sciences 6 $ 292,788,928 Barclays Capital, Inc. 5 $ 978,500,624 J.P. Morgan Chase & Co. 5 $ 312,119,903 William Blair & Company, LLC 5 $ 147,037,530 Needham & Company, LLC 5 $ 141,128,818 Global Hunter Securities, LLC 5 $ 109,489,884 Chardan Capital Markets 5 $ 18,736,500 Sandler O'Neill & Partners, L.P. 4 $ 132,984,000 National Securities Corporation 4 $ 60,042,419 Merriman Capital, Inc 4 $ 34,130,212 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 7/11/12. #pipe, #investment banking