PlacementTracker Publishes 2017 PIPE and Private Placement Markets League Tables
NEW YORK, Jan. 17, 2018 /PRNewswire/ -- PlacementTracker, the leading source for data and analysis to institutions in the PIPE and Private Placement markets, today announced the most active investment banks, investors, and law firms in the U.S. PIPE and Private Placement markets for 2017.
A total of $30.2 billion was raised in 882 transactions throughout 2017. Of this amount, 14 transactions totaling $101.1 million have been announced but not yet closed as of 01/16/2018. Deal volume is essentially flat with a .45% increase (878 deals in 2016) but dollar volume decreased 30% ($43.7 billion in 2016).
We congratulate all of the active members of the private placement community, many of whom are long-time clients of PlacementTracker. We are dedicated to providing access to the very best data and analytics available in our industry.
Most Active Participants Include:
- H.C. Wainwright & Co., LLC as the most active placement agent
- Hudson Bay Capital Management LP as the most active institutional investor
- Sichenzia Ross Ference Kesner LLP as the most active issuer counsel
- Schulte Roth & Zabel, LLP as the most active investor counsel
- Ellenoff Grossman & Schole LLP as the most active placement agent counsel
- Lincoln Park Capital as most active investor in Structured Equity Lines (SELs)
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The 2017 U.S. PIPE and Private Placement Markets Investment Banking League Table by Number of Transactions:
|
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| Placement Agent Name |
Transaction Count |
Total Amount Placed |
| H.C. Wainwright & Co., LLC |
74 |
$1,488,166,843 |
| Maxim Group LLC |
38 |
$557,646,590 |
| Roth Capital Partners, LLC |
35 |
$629,760,871 |
| Aegis Capital Corporation |
28 |
$285,685,242 |
| Cantor Fitzgerald & Company |
27 |
$1,556,410,085 |
| Jefferies & Company, Inc. |
23 |
$1,537,197,776 |
| Ladenburg Thalmann & Co., Inc. |
23 |
$447,960,961 |
| Oppenheimer & Co. Inc. |
22 |
$463,662,374 |
| Piper Jaffray & Co. |
21 |
$1,023,906,184 |
| Chardan Capital Markets |
20 |
$346,073,631 |
| Canaccord Genuity Inc. (US) |
19 |
$745,721,846 |
| Raymond James & Associates Inc. |
18 |
$733,704,687 |
| Sandler O'Neill & Partners, L.P. |
17 |
$839,318,867 |
| Cowen and Company, LLC |
15 |
$590,103,878 |
| Craig-Hallum Capital Group LLC |
14 |
$228,099,238 |
| J.P. Morgan Chase & Co. |
12 |
$3,532,822,066 |
| Keefe, Bruyette & Woods, Inc. |
12 |
$645,126,802 |
| William Blair & Company, LLC |
12 |
$409,204,866 |
| JMP Securities LLC |
11 |
$563,079,890 |
| Needham & Company, LLC |
11 |
$339,987,625 |
| Joseph Gunnar & Company, LLC |
11 |
$161,043,443 |
| Laidlaw & Company (UK) Ltd. |
11 |
$82,417,242 |
| National Securities Corporation |
10 |
$186,302,503 |
| Lake Street Capital Markets, LLC |
10 |
$138,994,995 |
| Dawson James Securities, Inc. |
10 |
$42,283,441 |
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 OTC. 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 01/16/2018.
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The 2017 U.S. PIPE and Private Placement Markets Institutional Investor League Table by Number of Transactions:
|
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| Investor Name |
Transaction Count |
Total Amount Invested |
| Hudson Bay Capital Management LP |
33 |
$107,710,163 |
| Sabby Management, LLC |
31 |
$36,663,320 |
| Millennium Management, LLC |
22 |
Not Disclosed |
| Heights Capital Management, Inc. |
18 |
$36,189,776 |
| Lincoln Park Capital |
17 |
$11,415,087 |
| Citadel Advisors, LLC |
17 |
Not Disclosed |
| Anson Capital, LP |
14 |
$9,729,350 |
| Perceptive Advisors, LLC |
13 |
$33,396,838 |
| Empery Asset Management LP |
13 |
$11,617,301 |
| IntraCoastal Capital, LLC |
13 |
$6,591,794 |
| Wellington Management Company LLP |
13 |
$4,722,208 |
| DAFNA Capital Management, LLC |
13 |
$3,810,842 |
| Bank of New York |
13 |
Not Disclosed |
| Iroquois Capital L.P. |
12 |
$4,058,536 |
| Baker Brothers Advisors, LLC |
10 |
$72,119,882 |
| Armistice Capital Master Fund Limited |
10 |
$22,547,693 |
| Fidelity Management & Research Corporation |
10 |
$22,514,907 |
| Deerfield Management |
8 |
$366,649,972 |
| New Enterprise Associates |
8 |
$51,999,996 |
| Alyeska Investment Group, L.P. |
8 |
$45,157,571 |
| OrbiMed Advisors, LLC |
8 |
$30,966,707 |
| Ghost Tree Capital, LLC |
8 |
$10,494,440 |
| AWM Investment Management (MGP Advisors, LLC) |
8 |
$6,696,183 |
| Brio Capital Management LLC |
8 |
$1,854,144 |
| D.E. Shaw & Co., L.P. |
8 |
Not Disclosed |
Investor 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 OTC. Investors classified as Corporate Investors and Insurance Companies have been excluded from this ranking. Data is for closed and definitive agreement transactions reported as of 01/16/2018.
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The 2017 U.S. PIPE and Private Placement Markets Issuer Counsel League Table by Number of Transactions:
|
|||
| Legal Counsel |
Transaction Count |
Total Amount Advised |
|
| Sichenzia Ross Ference Kesner LLP |
31 |
$149,200,343 |
|
| Cooley LLP |
30 |
$1,108,765,505 |
|
| Latham & Watkins, LLP |
24 |
$3,290,482,535 |
|
| Goodwin Procter, LLP |
22 |
$1,146,174,005 |
|
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC |
17 |
$385,829,130 |
|
| Fenwick & West, LLP |
12 |
$308,695,391 |
|
| Greenberg Traurig, LLP |
11 |
$632,882,153 |
|
| Morgan, Lewis & Bockius, LLP |
11 |
$221,371,607 |
|
| Sidley Austin LLP |
10 |
$1,482,845,934 |
|
| Morrison & Foerster, LLP |
10 |
$94,026,671 |
|
| DLA Piper |
9 |
$267,404,997 |
|
| Seward & Kissel LLP |
8 |
$215,134,996 |
|
| Lowenstein Sandler LLP |
8 |
$114,489,454 |
|
| Vinson & Elkins, LLP |
7 |
$707,999,984 |
|
| Gibson, Dunn & Crutcher, LLP |
7 |
$493,682,932 |
|
| Wilson Sonsini Goodrich & Rosati |
7 |
$268,008,748 |
|
| Paul Hastings LLP |
7 |
$231,103,825 |
|
| Dechert, LLP |
7 |
$151,675,661 |
|
| Hogan Lovells |
7 |
$128,171,480 |
|
| Haynes and Boone, LLP |
7 |
$85,545,332 |
|
| Sheppard, Mullin, Richter & Hampton, LLP |
6 |
$157,100,014 |
|
| Wilmer Cutler Pickering Hale & Dorr, LLP |
6 |
$124,999,979 |
|
| Graubard Miller |
6 |
$98,141,245 |
|
| Pepper Hamilton, LLP |
6 |
$82,972,700 |
|
| Perkins Coie, LLP |
6 |
$58,794,283 |
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Legal counsel 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 OTC. Data is for closed and definitive agreement transactions reported as of 01/16/2018.
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The 2017 U.S. PIPE and Private Placement Markets Investor Counsel League Table by Number of Transactions:
|
|||||
| Legal Counsel |
Transaction Count |
Total Amount Advised |
|||
| Schulte Roth & Zabel, LLP |
53 |
$1,770,402,344 |
|||
| Kelley Drye & Warren LLP |
22 |
$790,976,796 |
|||
| Ellenoff Grossman & Schole LLP |
8 |
$34,763,898 |
|||
| Simpson Thacher Bartlett, LLP |
6 |
$3,130,047,569 |
|||
| Kirkland & Ellis |
6 |
$950,000,000 |
|||
| Debevoise & Plimpton, LLP |
5 |
$940,500,000 |
|||
| Gibson, Dunn & Crutcher, LLP |
4 |
$334,598,095 |
|||
| White & Case, LLP |
4 |
$130,344,798 |
|||
| Hansen Black Anderson Ashcraft PLLC |
4 |
$10,310,000 |
|||
| Sichenzia Ross Ference Kesner LLP |
4 |
$5,942,000 |
|||
| Skadden, Arps, Slate, Meagher & Flom, LLP |
3 |
$283,748,000 |
|||
| Olshan Frome Wolosky LLP |
3 |
$38,440,000 |
|||
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC |
3 |
$10,448,282 |
|||
| K&L Gates LLP |
3 |
$3,400,000 |
|||
| Sidley Austin LLP |
2 |
$1,050,017,126 |
|||
| Jones Day |
2 |
$510,000,000 |
|||
| King & Wood, LLP |
2 |
$273,100,000 |
|||
| Morgan, Lewis & Bockius, LLP |
2 |
$162,500,712 |
|||
| Latham & Watkins, LLP |
2 |
$156,000,000 |
|||
| Paul, Weiss, Rifkind, Wharton & Garrison |
2 |
$152,862,598 |
|||
| Greenberg Traurig, LLP |
2 |
$125,000,000 |
|||
| Sullivan & Cromwell |
2 |
$94,700,000 |
|||
| Shearman & Sterling LLP |
2 |
$33,262,800 |
|||
| Riemer & Braunstein LLP |
2 |
$31,000,000 |
|||
| Perkins Coie, LLP |
2 |
$24,999,789 |
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Legal counsel 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 OTC. Data is for closed and definitive agreement transactions reported as of 01/16/2018.
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The 2017 U.S. PIPE and Private Placement Markets Placement Agent Counsel League Table by Number of Transactions:
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| Legal Counsel |
Transaction Count |
Total Amount Advised |
| Ellenoff Grossman & Schole LLP |
46 |
$297,928,047 |
| Cooley LLP |
23 |
$1,101,148,133 |
| Goodwin Procter, LLP |
19 |
$732,582,095 |
| Latham & Watkins, LLP |
16 |
$1,006,639,926 |
| Covington & Burling |
16 |
$928,412,233 |
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC |
14 |
$369,221,325 |
| Sichenzia Ross Ference Kesner LLP |
12 |
$63,794,148 |
| Proskauer Rose, LLP |
9 |
$204,023,861 |
| Lowenstein Sandler LLP |
8 |
$67,750,084 |
| Sheppard, Mullin, Richter & Hampton, LLP |
7 |
$47,162,598 |
| Gornitzky & Co. |
4 |
$118,643,473 |
| Dechert, LLP |
4 |
$100,635,624 |
| Schiff Hardin & Waite |
4 |
$11,294,386 |
| Davis Polk & Wardwell LLP |
3 |
$150,505,625 |
| Pillsbury, Winthrop, Shaw & Pittman, LLP |
3 |
$97,999,998 |
| Morrison & Foerster, LLP |
3 |
$82,116,004 |
| Morgan, Lewis & Bockius, LLP |
3 |
$52,151,866 |
| Duane Morris, LLP |
3 |
$32,000,000 |
| Loeb & Loeb, LLP |
3 |
$28,887,272 |
| Schiff Hardin, LLP |
3 |
$21,049,055 |
| Zysman Aharoni Gayer and Sullivan & Worcester LLP |
3 |
$9,612,499 |
| Carmel, Milazzo & DiChiara LLP |
3 |
$4,600,040 |
| Stikeman Elliott LLP |
2 |
$199,100,004 |
| Skadden, Arps, Slate, Meagher & Flom, LLP |
2 |
$185,188,625 |
| Luse Gorman, PC |
2 |
$151,268,125 |
Legal counsel 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 OTC. Data is for closed and definitive agreement transactions reported as of 01/16/2018.
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The 2017 U.S. Structured Equity Line Market SEL Investor League Table by Number of Transactions:
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| Investor |
Transaction Count |
Commitment Amount |
| Lincoln Park Capital |
15 |
$245,900,000 |
| Aspire Capital Partners, Inc. |
11 |
$193,000,000 |
| L2 Capital, LLC |
11 |
$94,410,834 |
| GHS Investments LLC |
9 |
$80,000,000 |
| Kalani Investments Limited |
3 |
$403,099,367 |
| Kodiak Capital Group, LLC |
3 |
$5,000,000 |
| Tangiers Capital, LLC |
3 |
$17,000,000 |
| Yorkville Advisors, LLC |
3 |
$17,000,000 |
| Crede Capital Group, LLC (Socius Capital Group, LLC) |
2 |
$50,000,000 |
| GPL Ventures, LLC |
2 |
$8,000,000 |
| Aperture Venture Partners, LLC |
1 |
$15,000,000 |
| Azure Capital Partners |
1 |
$10,000,000 |
| Bellridge Capital, LP |
1 |
$2,500,000 |
| Black Forest Capital, LLC |
1 |
$5,000,000 |
| Cobblestone Capital Partners LLC |
1 |
$10,000,000 |
| Crown Bridge Partners, LLC |
1 |
$3,000,000 |
| Dominion Capital LLC |
1 |
$5,000,000 |
| East Six Opportunity Fund, LLC |
1 |
$3,000,000 |
| HLHW IV, LLC |
1 |
$1,600,000 |
| Leviston Resources LLC |
1 |
$3,250,000 |
| Mammoth Corporation |
1 |
$10,000,000 |
| Mountain States Capital, LLC |
1 |
$10,000,000 |
| NovaQuest Capital Management |
1 |
$20,000,000 |
| Peak One Opportunity Fund, L.P. |
1 |
$5,000,000 |
| RedDiamond Partners LLC |
1 |
$5,000,000 |
SEL Investor rankings includes Structured Equity Lines. Data is for closed and definitive agreement transactions reported as of 01/16/2018.
About PlacementTracker
PlacementTracker, part of the Business Intelligence Division of Informa PLC, is well recognized as the leading provider of research, data, and analytics covering the PIPE and Private Placement markets. PlacementTracker's dynamically updated League Tables are available online at: http://www.placementtracker.com/leaguetables.cfm.
About Informa PLC
Informa is a leading business intelligence, academic publishing, knowledge and events business, creating unique content and connectivity for customers all over the world. It is listed on the London Stock Exchange and is a member of the FTSE 100.
For more information, please visit the Financial Intelligence website.
Company Contact:
Suzanne Chaves
(617) 722-4622
[email protected]
www.PlacementTracker.com
SOURCE PlacementTracker
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