|
PlacementTracker
Publishes PIPE
Market
League Tables
San Diego
– July 23, 2007 - 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 PIPE
market during the first half of 2007.
PlacementTracker
also announced that Sichenzia Ross Friedman Ference, LLP ranked as
the number one most active issuer counsel and Schulte Roth &
Zabel, LLP ranked as the number one most active investor counsel in
the PIPE market during the first two quarters of 2007.
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, “The amount
raised in the first half of 2007 was the largest ever in the history
of the PIPE market. During
the first six months, we recorded 645 PIPE transactions totaling
$22.42 billion in equity and equity-linked capital raised (excluding
Structured Equity Lines and Canadian issuers).
Although the number of transactions dipped slightly versus
the first half of last year, the amount raised represents an
astounding 38% increase over the total amount raised during the
first half of 2006 and puts the market on track to smash last
year’s record volume of PIPE activity.
As always, we congratulate all of the active agents,
investors, and legal counsel in the PIPE market for a tremendous
first half, 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
2007 PIPE Market Investment Banking League Table
By
Number of Transactions (through 6/30/07):
|
Placement
Agent Name
|
Transaction
Count
|
Total
Amount Placed
|
|
Rodman
& Renshaw, LLC
|
30
|
$
544,019,737.00
|
|
Roth
Capital Partners, LLC
|
16
|
$
178,679,991.00
|
|
Lazard
|
10
|
$
255,104,904.00
|
|
Oppenheimer
& Co. Inc.
|
10
|
$
216,382,607.00
|
|
UBS
Investment Bank
|
8
|
$
2,605,346,799.00
|
|
Jefferies
& Company, Inc.
|
8
|
$
527,767,553.00
|
|
Canaccord
Adams, Inc.
|
8
|
$
203,762,001.00
|
|
Piper
Jaffray & Co.
|
8
|
$
154,785,634.00
|
|
Lehman
Brothers, Inc.
|
7
|
$
853,253,469.00
|
|
Banc
of
America
Securities LLC
|
7
|
$
305,302,200.00
|
|
Credit
Suisse Securities (
USA
) LLC
|
6
|
$
1,447,601,674.00
|
|
ThinkEquity
Partners, LLC
|
6
|
$
257,519,305.00
|
|
Cowen
and Company, LLC
|
6
|
$
183,326,312.00
|
|
Sanders
Morris Harris Inc.
|
6
|
$
106,007,388.00
|
|
Citigroup
Global Markets, Inc.
|
5
|
$
838,959,871.00
|
|
RBC
Capital Markets, Inc.
|
5
|
$
353,133,991.00
|
|
A.G.
Edwards, Inc.
|
5
|
$
178,121,519.00
|
|
First
Albany
Capital
|
5
|
$
175,527,109.00
|
|
Thomas
Weisel Partners, LLC
|
5
|
$
161,029,000.00
|
|
National
Securities Corporation
|
5
|
$
145,750,269.00
|
|
Halter
Financial Group
|
5
|
$
119,050,001.00
|
|
C.E.
Unterberg, Towbin
|
5
|
$
95,011,325.00
|
|
First
Montauk Securities, Inc.
|
5
|
$
15,880,000.00
|
|
Morgan
Stanley Dean Witter & Co.
|
4
|
$
705,775,827.00
|
|
Merrill
Lynch & Co.
|
4
|
$
300,759,270.00
|
Investment
Banking rankings exclude all Equity Line of Credit transactions and
all PIPE transactions conducted by Canadian issuers.
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 as reported as of 7/19/07.
The
2007 PIPE Market Institutional Investor League Table
By
Number of Transactions (through 6/30/07):
|
Investor
Name
|
Transaction
Count
|
Total
Amount Invested
|
|
Iroquois
Capital L.P.
|
38
|
$
26,531,671.00
|
|
Enable
Capital Management
|
32
|
$
73,312,645.00
|
|
Heights
Capital Management, Inc.
|
29
|
$
97,446,946.00
|
|
Lehman
Brothers Inc.
|
27
|
$
147,263,905.00
|
|
Downsview
Capital, Inc.
|
27
|
$
16,643,258.00
|
|
UBS
Capital
Americas
, LLC
|
26
|
$
60,704,957.00
|
|
Highbridge
International, LLC
|
24
|
$
421,283,571.00
|
|
Nite
Capital Management, LLC
|
23
|
$
6,740,255.00
|
|
Hudson
Bay
Capital
Management L.P.
|
20
|
$
30,338,394.00
|
|
Atoll
Asset Management, LLC
|
19
|
$
20,060,516.00
|
|
Cantara
(
Switzerland
) SA
|
19
|
$
10,626,163.00
|
|
LH
Financial Services Corporation
|
19
|
$
6,010,688.93
|
|
Cornell
Capital Partners, L.P.
|
18
|
$
62,926,545.00
|
|
Chestnut
Ridge Partners, L.P.
|
17
|
$
3,860,469.55
|
|
SF
Capital Partners, Inc.
|
16
|
$
44,608,599.00
|
|
Bristol
Capital
Advisors, LLC
|
16
|
$
11,196,080.00
|
|
Vision
Capital Advisors LLC
|
15
|
$
39,588,416.00
|
|
Fort
Mason Capital
|
15
|
$
38,554,423.00
|
|
Heller
Capital Partners
|
15
|
$
10,338,832.00
|
|
RBC
Dominion Securities Inc.
|
14
|
$
242,699,372.00
|
|
Zimmer
Lucas Partners, LLC
|
14
|
$
64,775,025.00
|
|
Roswell
Capital
Partners, LLC
|
14
|
$
19,065,819.00
|
|
Ramius
Capital Group, LLC
|
13
|
$
331,256,003.00
|
|
Whitebox
Advisors, LLC
|
13
|
$
31,942,816.00
|
|
Credit
Suisse Asset Management, LLC
|
13
|
$
15,517,252.00
|
Investor
rankings exclude all Equity Line of Credit transactions and all PIPE
transactions conducted by Canadian issuers.
Investors classified as Corporate Investors and Insurance
Companies have been excluded from this ranking.
Data is as reported as of 7/19/07.
The
2007 PIPE Market Issuer Counsel League Table
By
Number of Transactions (through 6/30/07):
|
Legal
Counsel
|
Transaction
Count
|
Total
Amount Advised
|
|
Sichenzia
Ross Friedman Ference, LLP
|
20
|
$106,133,155.00
|
|
Greenberg
Traurig, LLP
|
12
|
$103,726,436.00
|
|
Morgan,
Lewis & Bockius, LLP
|
10
|
$329,087,341.00
|
|
Haynes
and Boone, LLP
|
10
|
$311,810,371.00
|
|
Vinson
& Elkins, LLP
|
9
|
$3,220,981,782.00
|
|
Kirkpatrick
& Lockhart
Preston
Gates Ellis LLP
|
9
|
$74,809,267.00
|
|
Thelen
Reid Brown Raysman & Steiner LLC
|
8
|
$142,200,003.00
|
|
Cooley
Godward Kronish LLP
|
8
|
$133,132,575.00
|
|
Hogan
& Hartson, LLP
|
7
|
$109,956,132.00
|
|
Richardson
& Patel, LLP
|
7
|
$77,652,432.00
|
|
Skadden,
Arps, Slate, Meagher & Flom, LLP
|
6
|
$304,651,974.00
|
|
DLA
Piper Rudnick Gray Cary
US
, LLP
|
6
|
$184,711,006.00
|
|
Maslon
Edelman Borman & Brand, LLP
|
6
|
$97,589,161.00
|
|
Mintz,
Levin, Cohn, Ferris, Glovsky & Popeo, PC
|
6
|
$51,861,000.00
|
|
Wilson
Sonsini Goodrich & Rosati
|
5
|
$1,105,000,001.00
|
|
Latham
& Watkins, LLP
|
5
|
$710,851,594.00
|
|
Loeb
& Loeb, LLP
|
5
|
$77,925,003.00
|
|
Morrison
& Foerster, LLP
|
5
|
$56,948,900.00
|
|
Troy
& Gould, PC
|
5
|
$47,653,015.00
|
|
Wilmer
Cutler
Pickering
Hale & Dorr, LLP
|
4
|
$85,363,877.00
|
|
Stradling,
Yocca, Carlson & Rauth, PC
|
4
|
$62,374,016.00
|
|
Gottbetter
& Partners, LLP
|
4
|
$51,509,995.00
|
|
Goodwin
Procter, LLP
|
4
|
$50,234,802.00
|
|
Ropes
& Gray
|
4
|
$48,121,112.00
|
|
Paul,
Hastings, Janofsky & Walker, LLP
|
4
|
$36,900,000.00
|
Legal
counsel rankings exclude all Equity Line of Credit transactions and
all PIPE transactions conducted by Canadian issuers.
Data is as reported as of 7/19/07.
-
The
2007 PIPE Market Investor Counsel League Table
-
By
Number of Transactions (through 6/30/07):
|
Legal
Counsel
|
Transaction
Count
|
Total
Amount Advised
|
|
Schulte
Roth & Zabel, LLP
|
64
|
$5,865,121,456.00
|
|
Feldman
Weinstein, LLP
|
14
|
$72,732,166.00
|
|
Grushko
& Mittman, PC
|
10
|
$37,055,000.00
|
|
Dorsey
& Whitney, LLP
|
8
|
$91,207,785.00
|
|
Peter
J. Weisman, PC
|
8
|
$38,578,831.00
|
|
Pillsbury,
Winthrop, Shaw & Pittman, LLP
|
7
|
$777,752,174.00
|
|
Proskauer
Rose, LLP
|
6
|
$122,400,000.00
|
|
Kramer
Levin Naftalis & Frankel, LLP
|
6
|
$47,928,975.00
|
|
Greenberg
Traurig, LLP
|
6
|
$29,599,996.00
|
|
Simpson
Thacher Bartlett, LLP
|
5
|
$1,711,458,987.00
|
|
Baker
Botts, LLP
|
5
|
$862,000,220.00
|
|
Lowenstein
Sandler, PC
|
5
|
$34,185,000.00
|
|
Weil,
Gotshal & Manges, LLP
|
3
|
$643,000,000.00
|
|
Cravath,
Swaine & Moore
|
3
|
$395,000,000.00
|
|
Vinson
& Elkins, LLP
|
3
|
$160,000,070.00
|
|
Bryan
Cave
, LLP
|
3
|
$52,550,000.00
|
|
Barack,
Ferrazzano, Kirschbaum, Perlman, & Nagelberg, LLP
|
3
|
$38,925,001.00
|
|
Cooley
Godward Kronish LLP
|
3
|
$37,473,766.00
|
|
Ropes
& Gray
|
2
|
$350,000,000.00
|
|
Jenner
& Block LLP
|
2
|
$249,999,992.00
|
|
Abrams
Anton
,
PA
|
2
|
$205,467,158.00
|
|
Shearman
& Sterling, LLP
|
2
|
$104,048,500.00
|
|
Latham
& Watkins, LLP
|
2
|
$83,888,500.00
|
|
Olshan
Grundman Frome Rosenzweig & Wolosky
|
2
|
$9,353,000.00
|
|
Krieger
& Prager, LLP
|
2
|
$8,196,250.00
|
Legal
counsel rankings exclude all Equity Line of Credit transactions and
all PIPE transactions conducted by Canadian issuers.
Data is as reported as of 7/19/07.
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.
Company Contact:
Tassanee Sukramule
Vice President,
PlacementTracker
858-200-2395
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