PlacementTracker Publishes Q1 2017 Private Placement Market League Tables
NEW YORK, April 12, 2017 /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. private placement market for Q1 2017.
A total of $6.3 billion was raised in 225 transactions through Q1 2017. Of this amount, 1 transaction has been announced but not yet closed as of 04/10/2017. Deal volume is up a whopping 28% (175 deals in Q1 2016) but dollar volume decreased 26% ($8.5 billion in Q1 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
- Sabby Management, LLC as the most active institutional investor
- Cooley LP as the most active issuer counsel
- Skadden, Arps, Slate, Meagher & Flom, LLP as the most active investor counsel
- Ellenoff Grossman & Schole LLP as the most active placement agent counsel
- Cantor Fitzgerald & Company as most active sales agent
The Q1 2017 U.S. Private Placement Market
Investment Banking League Table by Number of Transactions:
| Placement Agent Name |
Transaction Count |
Total Amount Placed |
| H.C. Wainwright & Co., LLC |
26 |
$459,952,096 |
| Roth Capital Partners, LLC |
12 |
$254,075,509 |
| Maxim Group LLC |
12 |
$116,440,025 |
| Aegis Capital Corporation |
11 |
$139,975,747 |
| Jefferies & Company, Inc. |
10 |
$386,608,163 |
| Cantor Fitzgerald & Company |
8 |
$752,313,761 |
| Raymond James & Associates Inc. |
8 |
$424,558,730 |
| Canaccord Genuity Inc. (US) |
7 |
$365,795,628 |
| Sandler O'Neill & Partners, L.P. |
6 |
$289,780,625 |
| Cowen and Company, LLC |
6 |
$197,485,599 |
| Ladenburg Thalmann & Co., Inc. |
6 |
$146,923,512 |
| Chardan Capital Markets |
6 |
$53,213,024 |
| Piper Jaffray & Co. |
5 |
$210,699,993 |
| Laidlaw & Company (UK) Ltd. |
5 |
$36,071,959 |
| J.P. Morgan Chase & Co. |
4 |
$1,115,054,978 |
| Seaport Global Securities LLC |
4 |
$321,293,125 |
| Keefe, Bruyette & Woods, Inc. |
4 |
$229,806,254 |
| B. Riley & Co. |
4 |
$132,665,222 |
| Craig-Hallum Capital Group LLC |
4 |
$97,184,559 |
| Needham & Company, LLC |
4 |
$89,699,330 |
| Lazard |
3 |
$303,100,000 |
| Stephens Inc. |
3 |
$204,181,254 |
| Oppenheimer & Co. Inc. |
3 |
$92,170,000 |
| BMO Capital Markets Corp. |
3 |
$89,000,000 |
| National Securities Corporation |
3 |
$58,398,800 |
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 04/10/2017.
The Q1 2017 U.S. Private Placement Market
Institutional Investor League Table by Number of Transactions:
| Investor Name |
Transaction Count |
Total Amount Invested |
| Sabby Management, LLC |
6 |
$13,682,877 |
| Heights Capital Management, Inc. |
5 |
$14,653,000 |
| Ares Management L.P. (NYSE: ARES) |
3 |
$195,010,000 |
| Hudson Bay Capital Management L.P. |
3 |
$9,495,000 |
| Empery Asset Management LP |
3 |
$4,038,642 |
| IntraCoastal Capital, LLC |
3 |
$2,000,000 |
| China Energy Company Limited |
2 |
$273,100,000 |
| MTP Energy Management LLC (Magnetar) |
2 |
$124,276,514 |
| Goldman Sachs & Co. |
2 |
$119,998,400 |
| Novartis Corporation (NYSE: NVS) |
2 |
$115,006,966 |
| Tortoise Capital Advisors, LLC |
2 |
$78,485,912 |
| UBS O'Connor LLC |
2 |
$39,065,000 |
| Third Point LLC |
2 |
$37,482,500 |
| BVF, Inc. |
2 |
$24,998,090 |
| Kalani Investments Limited |
2 |
$10,700,000 |
| Domain Associates |
2 |
$5,979,891 |
| AWM Investment Management (MGP Advisors, LLC) |
2 |
$2,939,935 |
| Anson Capital, LP |
2 |
$2,000,000 |
| Lincoln Park Capital |
2 |
$1,081,437 |
| Unterberg Capital, LLC |
2 |
Not Disclosed |
| Energy Transfer Equity, L.P. |
1 |
$300,000,000 |
| Citigroup, Inc. |
1 |
$154,594,008 |
| TPG Growth III Sidewall, L.P. |
1 |
$150,000,000 |
| Related Companies L.P., (The) |
1 |
$80,000,000 |
| Blackrock, Inc. |
1 |
$75,037,500 |
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 04/10/2017.
The Q1 2017 U.S. Private Placement Market
Issuer Counsel League Table by Number of Transactions:
| Legal Counsel |
Transaction Count |
Total Amount Advised |
||
| Cooley LLP |
9 |
$352,735,807 |
||
| Latham & Watkins, LLP |
6 |
$555,364,000 |
||
| Sichenzia Ross Ference Kesner, LLP |
6 |
$24,629,166 |
||
| Goodwin Procter, LLP |
4 |
$203,875,011 |
||
| Seward & Kissel LLP |
4 |
$118,200,003 |
||
| Hogan Lovells |
4 |
$80,160,001 |
||
| Dechert, LLP |
4 |
$74,911,285 |
||
| DLA Piper |
4 |
$57,199,999 |
||
| Vinson & Elkins, LLP |
3 |
$214,999,978 |
||
| Alston & Bird, LLP |
3 |
$155,130,634 |
||
| Fenwick & West, LLP |
3 |
$128,825,601 |
||
| Paul Hastings LLP |
3 |
$128,293,125 |
||
| Wilson Sonsini Goodrich & Rosati |
3 |
$79,750,003 |
||
| Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP |
3 |
$56,154,998 |
||
| Davis Polk & Wardwell LLP |
3 |
$50,739,993 |
||
| Wilmer Cutler Pickering Hale & Dorr, LLP |
3 |
$44,000,000 |
||
| Fleming PLLC |
3 |
$27,505,000 |
||
| Pryor Cashman |
3 |
$16,534,040 |
||
| Pepper Hamilton, LLP |
3 |
$12,186,450 |
||
| Mayer Brown LLP |
2 |
$442,055,000 |
||
| Willkie, Farr & Gallagher |
2 |
$273,100,000 |
||
| Sheppard, Mullin, Richter & Hampton, LLP |
2 |
$132,400,005 |
||
| Sidley Austin LLP |
2 |
$75,246,101 |
||
| Dentons Canada LLP |
2 |
$70,789,998 |
||
| Fredrikson & Byron, PA |
2 |
$69,717,998 |
||
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 04/10/2017.
The Q1 2017 U.S. Private Placement Market
Investor Counsel League Table by Number of Transactions:
| Legal Counsel |
Transaction Count |
Total Amount Advised |
|||
| Skadden, Arps, Slate, Meagher & Flom, LLP |
3 |
$283,748,000 |
|||
| Kelley Drye & Warren LLP |
3 |
$13,000,000 |
|||
| King & Wood, LLP |
2 |
$273,100,000 |
|||
| Kirkland & Ellis |
2 |
$167,500,000 |
|||
| Sullivan & Cromwell |
2 |
$94,700,000 |
|||
| Gibson, Dunn & Crutcher, LLP |
2 |
$24,998,090 |
|||
| Ellenoff Grossman & Schole LLP |
2 |
$20,064,000 |
|||
| Andrews Kurth Kenyon, LLP |
1 |
$300,000,000 |
|||
| Fried, Frank, Harris, Shriver & Jacobson |
1 |
$95,000,000 |
|||
| Ropes & Gray |
1 |
$70,000,000 |
|||
| Foley Hoag, LLP |
1 |
$31,500,002 |
|||
| Peter J. Weisman, PC |
1 |
$8,214,915 |
|||
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC |
1 |
$7,700,000 |
|||
| Kilpatrick Townsend & Stockton LLP |
1 |
$7,400,000 |
|||
| Akin, Gump, Strauss, Hauer & Feld, LLP |
1 |
$5,070,780 |
|||
| Sichenzia Ross Ference Kesner, LLP |
1 |
$5,000,000 |
|||
| Schulte Roth & Zabel, LLP |
1 |
$4,000,001 |
|||
| White & Case, LLP |
1 |
$3,000,000 |
|||
| McDermott, Will & Emery |
1 |
$2,464,735 |
|||
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 04/10/2017.
The Q1 2017 U.S. Private Placement Market
Placement Agent Counsel League Table by Number of Transactions:
| Legal Counsel |
Transaction Count |
Total Amount Advised |
| Ellenoff Grossman & Schole LLP |
16 |
$97,371,948 |
| Cooley LLP |
8 |
$446,825,001 |
| Covington & Burling |
7 |
$395,581,264 |
| Goodwin Procter, LLP |
6 |
$314,481,852 |
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC |
6 |
$78,424,299 |
| Latham & Watkins, LLP |
4 |
$157,208,237 |
| Stikeman Elliott LLP |
2 |
$199,100,004 |
| Pillsbury, Winthrop, Shaw & Pittman, LLP |
2 |
$80,499,998 |
| Dechert, LLP |
2 |
$43,730,000 |
| Proskauer Rose, LLP |
2 |
$34,985,000 |
| Schiff Hardin, LLP |
2 |
$14,470,001 |
| Sichenzia Ross Ference Kesner, LLP |
2 |
$9,500,000 |
| Sheppard, Mullin, Richter & Hampton, LLP |
2 |
$7,517,000 |
| Sullivan & Cromwell |
1 |
$86,293,125 |
| Vinson & Elkins, LLP |
1 |
$69,000,000 |
| Bennett Jones, LLP |
1 |
$69,000,000 |
| Davis Polk & Wardwell LLP |
1 |
$60,130,625 |
| Porter & Hedges, LLP |
1 |
$60,000,000 |
| Wilmer Cutler Pickering Hale & Dorr, LLP |
1 |
$57,960,000 |
| Bryan Cave, LLP |
1 |
$50,600,004 |
| White & Case, LLP |
1 |
$43,083,159 |
| Fried, Frank, Harris, Shriver & Jacobson |
1 |
$33,302,500 |
| Ropes & Gray |
1 |
$25,000,003 |
| NautaDutilh N.V. |
1 |
$18,000,000 |
| Nelson Mullins Riley & Scarborough, LLP |
1 |
$17,125,000 |
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 04/10/2017.
The Q1 2017 U.S. ATM Market
Sales Agent by Number of Transactions:
| Sales Agent |
Transaction Count |
Commitment Amount |
| Cantor Fitzgerald & Company |
16 |
$1,733,755,000 |
| FBR Capital Markets |
15 |
$937,140,000 |
| Bank of America Merrill Lynch |
14 |
$5,976,201,030 |
| Wells Fargo Securities, LLC |
12 |
$5,500,000,000 |
| Jefferies & Company, Inc. |
11 |
$3,784,761,030 |
| RBC Capital Markets, Inc. |
11 |
$3,758,560,000 |
| Raymond James & Associates Inc. |
9 |
$1,806,201,030 |
| Morgan Stanley |
8 |
$3,850,000,000 |
| Citigroup Global Markets, Inc. |
8 |
$2,350,000,000 |
| Goldman, Sachs & Co. |
7 |
$3,325,000,000 |
| Cowen and Company, LLC |
7 |
$350,000,000 |
| Deutsche Bank Securities, Inc. |
6 |
$2,050,000,000 |
| Robert W. Baird & Co. |
6 |
$1,350,000,000 |
| Ladenburg Thalmann & Co., Inc. |
6 |
$697,983,000 |
| J.P. Morgan Chase & Co. |
5 |
$2,275,000,000 |
| Mitsubishi UFJ Securities (USA), Inc. |
5 |
$2,100,000,000 |
| Capital One Securities |
5 |
$1,775,000,000 |
| KeyBanc Capital Markets |
5 |
$1,700,000,000 |
| Stifel Nicolaus Weisel |
5 |
$1,675,000,000 |
| BTIG, LLC |
5 |
$986,000,000 |
| Credit Suisse Securities (USA) LLC |
5 |
$825,000,000 |
| JMP Securities LLC |
5 |
$627,143,000 |
| Barclays Capital, Inc. |
4 |
$1,758,560,000 |
| BNY Capital Markets, Inc. |
4 |
$1,484,761,030 |
| SunTrust Robinson Humphrey, Inc. |
4 |
$975,000,000 |
Sales Agent rankings includes At the Market. Data is for closed and definitive agreement transactions reported as of 04/10/2017.
The Q1 2017 U.S. ATM Market
Sales Agent by Commitment Amount:
| Sales Agent |
Transaction Count |
Commitment Amount |
| Bank of America Merrill Lynch |
14 |
$5,976,201,030 |
| Wells Fargo Securities, LLC |
12 |
$5,500,000,000 |
| Morgan Stanley |
8 |
$3,850,000,000 |
| Jefferies & Company, Inc. |
11 |
$3,784,761,030 |
| RBC Capital Markets, Inc. |
11 |
$3,758,560,000 |
| Goldman, Sachs & Co. |
7 |
$3,325,000,000 |
| Citigroup Global Markets, Inc. |
8 |
$2,350,000,000 |
| J.P. Morgan Chase & Co. |
5 |
$2,275,000,000 |
| Mitsubishi UFJ Securities (USA), Inc. |
5 |
$2,100,000,000 |
| Deutsche Bank Securities, Inc. |
6 |
$2,050,000,000 |
| Raymond James & Associates Inc. |
9 |
$1,806,201,030 |
| Capital One Securities |
5 |
$1,775,000,000 |
| Barclays Capital, Inc. |
4 |
$1,758,560,000 |
| Cantor Fitzgerald & Company |
16 |
$1,733,755,000 |
| KeyBanc Capital Markets |
5 |
$1,700,000,000 |
| Stifel Nicolaus Weisel |
5 |
$1,675,000,000 |
| TD Securities (USA) Inc. |
3 |
$1,575,000,000 |
| Fifth Third Bank |
3 |
$1,500,000,000 |
| BNY Capital Markets, Inc. |
4 |
$1,484,761,030 |
| Robert W. Baird & Co. |
6 |
$1,350,000,000 |
| UBS Securities LLC |
3 |
$1,250,000,000 |
| Mizuho Securities Co., Limited |
2 |
$1,125,000,000 |
| BMO Capital Markets Corp. |
3 |
$1,100,000,000 |
| Credit Agricole CIB |
1 |
$1,000,000,000 |
| HSBC Securities (USA) Inc. |
1 |
$1,000,000,000 |
Sales Agent rankings includes At the Market. Data is for closed and definitive agreement transactions reported as of 04/10/2017.
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, that creates 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.
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or
Suzanne Chaves
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SOURCE PlacementTracker
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