Source:
Sagient Research Systems
SAN DIEGO, Jan. 24, 2006 (PRIMEZONE)
-- 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 No. 1 investment bank
in the PIPE market in 2005 for total number of
transactions, and that Banc of America
Securities, LLC ranked as the No. 1 investment
bank in the PIPE market for total dollars
raised. Nite Capital Management, LLC topped the
list of most active institutional investors
during 2005.
For the fourth quarter of
2005, Roth Capital Partners, LLC ranked as the
No. 1 investment bank in the PIPE market for
total number of transactions, and Nite Capital
Management, LLC topped the list of most active
institutional investors.
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 League
Tables, Robert F. Kyle, executive vice president
of Sagient Research said, "2005 was another
banner year in the PIPE market. During 2005, we
recorded 1,298 PIPE transactions totaling $19.93
billion in equity and equity-linked capital
raised (excluding Structured Equity Lines and
Canadian domiciled issuers). The total
transaction count nominally exceeded the 2004
total, but the total capital raised amount
increased by 27% (to the highest total since
2000). As always, we congratulate all of the
active agents and investors in the PIPE market
for a tremendous 2005, especially those leaders
who topped the League Tables. Many of these
firms are long-time clients of PlacementTracker,
and we look forward to continuing to provide
them with industry leading data, research, and
analytics to help keep them on top of this
market."
PlacementTracker's dynamically
updating League Tables are available online at:
http://www.sagientresearch.com/pt/leaguetables.cfm
.
The 2005
PIPE Market Investment Banking League Table By
Number of Transactions:
Transaction
Placement Agent Name Count Total Amount Raised
-------------------- ------------ -------------------
Rodman & Renshaw, LLC 29 $ 461,073,233.00
Roth Capital Partners, LLC 26 $ 427,737,565.00
SG Cowen & Co., LLC 20 $ 500,421,735.00
H.C. Wainwright & Co., Inc. 15 $ 75,519,014.00
HPC Capital Management Corp. 13 $ 66,168,890.00
Merriman Curhan Ford & Co. 12 $ 201,817,505.00
C.E. Unterberg, Towbin 12 $ 167,537,407.00
Banc of America Securities, LLC 11 $ 901,969,140.00
Stonegate Securities, Inc. 11 $ 91,385,002.00
Lehman Brothers, Inc. 10 $ 559,801,895.00
RBC Capital Markets, Inc. 10 $ 271,517,429.00
Laidlaw & Company Ltd. 10 $ 45,249,659.00
Ascendiant Securities, LLC 10 $ 29,345,515.00
Leerink Swann & Co. 9 $ 379,497,210.00
Piper Jaffray & Co. 9 $ 195,211,918.00
Griffin Securities, Inc. 9 $ 74,556,496.00
The Shemano Group, Inc. 9 $ 50,940,002.00
Midtown Partners & Co., LLC 9 $ 50,867,778.00
Olympus Securities, LLC 8 $ 87,000,538.00
Westminster Securities Corp. 8 $ 82,366,263.00
Duncan Capital LLC 8 $ 39,500,504.00
Jefferies & Co., Inc. 7 $ 202,544,600.00
Needham & Co., Inc. 7 $ 177,381,272.00
Maxim Group LLC 7 $ 44,634,067.00
UBS Investment Bank 6 $ 530,738,999.00
Investment Banking rankings
exclude all Equity Line of Credit
private
placements
and all
private
placements
conducted by Canadian
domiciled issuers. On
private
placements
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 reported
as of 1/20/06.
The 2005
PIPE Market Investment Banking League Table By
Dollar Amount Raised:
Transaction Total
Placement Agent Name Count Amount Raised
-------------------- ----------- ----------------
Banc of America Securities, LLC 11 $ 901,969,140.00
Goldman, Sachs & Co. 2 $ 628,000,000.00
Lehman Brothers, Inc. 10 $ 559,801,895.00
UBS Investment Bank 6 $ 530,738,999.00
Deutsche Bank Securities, Inc. 4 $ 528,660,034.00
SG Cowen & Co., LLC 20 $ 500,421,735.00
Credit Suisse First Boston Corp. 3 $ 496,852,400.00
Rodman & Renshaw, LLC 29 $ 461,073,233.00
Citigroup Global Markets, Inc. 3 $ 440,612,400.00
Tejas Securities Group, Inc. 3 $ 436,500,000.00
Roth Capital Partners, LLC 26 $ 427,737,565.00
Leerink Swann & Co. 9 $ 379,497,210.00
Friedman, Billings, Ramsey & Co. 3 $ 338,904,720.00
J.P. Morgan Chase & Co. 5 $ 335,387,732.00
RBC Capital Markets, Inc. 10 $ 271,517,429.00
Jefferies & Co., Inc. 7 $ 202,544,600.00
Merriman Curhan Ford & Co. 12 $ 201,817,505.00
Piper Jaffray & Co. 9 $ 195,211,918.00
Needham & Company, Inc. 7 $ 177,381,272.00
Wachovia Securities, Inc. 1 $ 175,000,132.00
A.G. Edwards & Sons, Inc. 6 $ 172,327,069.00
C.E. Unterberg, Towbin 12 $ 167,537,407.00
Hibernia Southcoast Capital 3 $ 163,779,000.00
Cohen & Steers Capital Advisors 4 $ 156,396,750.00
Robert W. Baird & Co. 4 $ 154,800,000.00
Investment Banking rankings
exclude all Equity Line of Credit private
placements
and all
private
placements conducted by Canadian
domiciled issuers. On
private
placements
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 reported
as of 1/20/06.
The 2005
PIPE Market Institutional Investor League Table
By Number of Transactions:
Transaction Total
Investor Name Count Amount Invested
------------- ------------ ----------------
Nite Capital Management, LLC 97 $ 27,837,013.00
Iroquois Capital, L.P. 85 $ 82,593,329.00
Omicron Capital, L.P. 72 $ 81,428,644.00
LH Financial Services Corp. 72 $ 32,897,251.00
Highbridge International, LLC 64 $ 218,462,215.00
Enable Capital Management 59 $ 35,632,730.00
Laurus Family of Funds 53 $ 222,000,000.00
Downsview Capital, Inc. 49 $ 33,764,235.00
NIR Group, LLC 48 $ 97,727,500.00
Whalehaven Fund, Ltd. 42 $ 16,315,265.00
Crestview Capital Partners, LLC 39 $ 78,760,282.00
Cornell Capital Partners, L.P. 38 $ 152,762,672.00
SF Capital Partners, Inc. 37 $ 77,972,253.00
Ramius Capital Group, LLC 34 $ 51,428,579.00
DKR Management Company, Inc. 34 $ 41,898,260.00
Heights Capital Management, Inc. 33 $ 40,823,055.00
Atoll Asset Management, LLC 32 $ 33,960,518.00
Bristol Capital Advisors, LLC 32 $ 19,977,421.00
Cantara (Switzerland) SA 31 $ 12,053,483.00
Gryphon Partners, L.P. 29 $ 45,775,401.00
Bushido Capital Partners, Ltd. 27 $ 16,548,936.00
Double U Master Fund, L.P. 26 $ 22,476,680.00
MGP Advisors, LLC 25 $ 106,432,575.00
SRB Greenway Capital, L.P. 25 $ 24,655,514.00
Titan Capital Management 24 $ 3,904,305.00
Investor rankings exclude all
Equity Line of Credit private
placements and all PIPE
transactions conducted by Canadian domiciled
issuers. Investors classified as Corporate
Investors and Insurance Companies have been
excluded from this private
placement ranking. Data is reported
as of 1/20/06.
About Sagient Research Systems
Sagient Research Systems is a
publisher of independent research. We develop,
produce, and sell proprietary research products
to mutual funds, hedge funds, and investment
banks. 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 to
the financial services and institutional
investment communities. For more information,
please visit the Sagient Research Systems
website at
www.sagientresearch.com .
CONTACT: Sagient Research Systems
Brian M. Overstreet, President & CEO
858-200-2350
Source: Sagient Research Systems - Private Placements
