PlacementTracker Publishes Q3 2018 Private Placement Market League Tables
NEW YORK, Oct. 23, 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. through the third quarter of 2018.
A total of $33.5 billion was raised in 647 transactions through the third quarter of 2018. Of this amount, 4 transactions totaling $13.6 million have been announced but not yet closed as of 10/22/2018. Deal volume is up 3% (629 deals through Q3 in 2017) and dollar volume increased 51% ($22.2B through Q3 in 2017).
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 them with 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
- Brio Capital Management LLC as the most active institutional investor
- Cooley LP as the most active issuer counsel
- Schulte Roth & Zabel, LLP as the most active investor counsel
- Goodwin Procter, LLP as the most active placement agent counsel
- Aspire Capital Partners, Inc. as the most active SEL Investor
- Cantor Fitzgerald & Company as most active sales agent for ATMs
The Q3 2018 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 |
60 |
$1,340,470,193 |
Roth Capital Partners, LLC |
46 |
$1,248,938,148 |
Maxim Group LLC |
24 |
$467,482,159 |
Ladenburg Thalmann & Co., Inc. |
20 |
$671,405,086 |
Jefferies & Company, Inc. |
19 |
$1,544,245,771 |
Piper Jaffray & Co. |
19 |
$728,950,271 |
Cantor Fitzgerald & Company |
16 |
$562,990,536 |
National Securities Corporation |
16 |
$470,588,703 |
Cowen and Company, LLC |
15 |
$919,576,183 |
Oppenheimer & Co. Inc. |
14 |
$571,651,265 |
A.G.P./Alliance Global Partners |
13 |
$212,188,702 |
Canaccord Genuity Inc. (US) |
12 |
$547,469,159 |
B. Riley & Co. |
12 |
$466,188,908 |
Craig-Hallum Capital Group LLC |
12 |
$266,984,654 |
Lake Street Capital Markets, LLC |
11 |
$319,379,975 |
Chardan Capital Markets |
11 |
$128,885,690 |
Stifel, Nicolaus & Company, Inc. |
10 |
$645,216,491 |
William Blair & Company, LLC |
10 |
$573,944,990 |
Laidlaw & Company (UK) Ltd. |
10 |
$325,801,845 |
Credit Suisse Securities (USA) LLC |
9 |
$1,279,829,157 |
Northland Securities, Inc. |
9 |
$350,187,976 |
Raymond James & Associates Inc. |
9 |
$283,400,069 |
SunTrust Robinson Humphrey, Inc. |
8 |
$490,040,095 |
Needham & Company, LLC |
8 |
$310,708,835 |
Dawson James Securities, Inc. |
8 |
$29,919,278 |
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 10/22/18.
The Q3 2018 U.S. Private Placement Market
Institutional Investor League Table by Number of Transactions:
Investor Name |
Transaction Count |
Total Amount Invested |
Brio Capital Management LLC |
13 |
$3,091,626 |
IntraCoastal Capital, LLC |
12 |
$12,621,294 |
Lincoln Park Capital |
12 |
$9,376,653 |
Hudson Bay Capital Management LP |
11 |
$47,943,615 |
Sabby Management, LLC |
11 |
$29,115,105 |
Anson Funds |
9 |
$8,866,024 |
Iroquois Capital L.P. |
8 |
$5,387,551 |
Iliad Management, LLC |
7 |
$15,980,000 |
BVF, Inc. |
6 |
$39,604,874 |
LH Financial Services Corporation |
5 |
$16,664,884 |
Yorkville Advisors, LLC |
5 |
$11,500,000 |
Armistice Capital |
5 |
$9,379,930 |
Heights Capital Management, Inc. |
5 |
$8,407,454 |
Tortoise Capital Advisors, LLC |
4 |
$135,001,000 |
Perceptive Advisors, LLC |
4 |
129999997.5 |
Vivo Ventures, LLC |
4 |
$45,364,993 |
New Enterprise Associates |
4 |
$27,000,000 |
Aspire Capital Partners, Inc. |
4 |
$14,953,339 |
Merida Capital Partners |
4 |
$8,000,000 |
Empery Asset Management LP |
4 |
$5,927,095 |
Tenor Capital Management |
4 |
$3,592,000 |
L1 Capital |
4 |
$1,412,083 |
RA Capital Management, LLC |
3 |
$26,448,890 |
Navy Capital |
3 |
$5,500,000 |
Broadfin Capital, LLC |
3 |
$3,571,647 |
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 10/22/18.
The Q3 2018 U.S. Private Placement Market
Issuer Counsel League Table by Number of Transactions:
Legal Counsel |
Transaction Count |
Total Amount Advised |
|
Cooley LLP |
18 |
$981,176,244 |
|
Goodwin Procter, LLP |
14 |
$673,333,312 |
|
Wilson Sonsini Goodrich & Rosati |
11 |
$638,142,990 |
|
Sichenzia Ross Ference Kesner LLP |
11 |
$112,818,993 |
|
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC |
10 |
$288,975,027 |
|
Latham & Watkins, LLP |
7 |
$1,090,755,140 |
|
Greenberg Traurig, LLP |
7 |
$239,381,175 |
|
DLA Piper |
7 |
$151,182,490 |
|
Hogan Lovells |
6 |
$138,038,406 |
|
Ellenoff Grossman & Schole LLP |
5 |
$78,514,967 |
|
Lowenstein Sandler LLP |
5 |
$21,386,871 |
|
K&L Gates LLP |
4 |
$153,749,766 |
|
Alston & Bird, LLP |
4 |
$119,580,001 |
|
Mitchell, Silberberg & Knupp LLP |
4 |
$50,122,502 |
|
Olshan Frome Wolosky LLP |
4 |
$8,317,000 |
|
Jones Day |
3 |
$1,027,140,537 |
|
Schiff Hardin, LLP |
3 |
$616,839,827 |
|
Gibson, Dunn & Crutcher, LLP |
3 |
$367,833,261 |
|
Morgan, Lewis & Bockius, LLP |
3 |
$198,526,003 |
|
Ropes & Gray |
3 |
$162,500,037 |
|
Morrison & Foerster, LLP |
3 |
$152,003,702 |
|
Wilmer Cutler Pickering Hale & Dorr, LLP |
3 |
$143,025,000 |
|
Fenwick & West, LLP |
3 |
$135,550,007 |
|
Graubard Miller |
3 |
$99,712,613 |
|
Davis Polk & Wardwell LLP |
3 |
$91,049,993 |
|
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 10/22/18.
The Q3 2018 U.S. Private Placement Market
Investor Counsel League Table by Number of Transactions:
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 10/22/18.
Legal Counsel |
Transaction Count |
Total Amount Advised |
||||
Schulte Roth & Zabel, LLP |
29 |
$759,747,265 |
||||
Hansen Black Anderson Ashcraft PLLC |
4 |
$9,960,000 |
||||
Kirkland & Ellis |
3 |
$950,000,000 |
||||
Paul, Weiss, Rifkind, Wharton & Garrison |
3 |
$15,717,967 |
||||
Ropes & Gray |
2 |
$1,011,600,000 |
||||
Cooley LLP |
2 |
$135,066,878 |
||||
McDermott, Will & Emery |
2 |
$15,050,585 |
||||
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC |
2 |
$10,200,001 |
||||
Ellenoff Grossman & Schole LLP |
2 |
$8,500,000 |
||||
Kelley Drye & Warren LLP |
2 |
$8,000,000 |
||||
Sidley Austin LLP |
1 |
$1,428,375,000 |
||||
Simpson Thacher Bartlett, LLP |
1 |
$600,000,000 |
||||
Mayer Brown LLP |
1 |
$200,000,000 |
||||
Skadden, Arps, Slate, Meagher & Flom, LLP |
1 |
$100,000,000 |
||||
Clifford Chance US, LLP |
1 |
$50,000,000 |
||||
Hogan Lovells |
1 |
$40,000,000 |
||||
Wilson Sonsini Goodrich & Rosati |
1 |
$30,514,967 |
||||
Latham & Watkins, LLP |
1 |
$29,055,000 |
||||
White & Case, LLP |
1 |
$22,500,004 |
||||
Willkie, Farr & Gallagher |
1 |
$20,000,000 |
||||
Baker & McKenzie |
1 |
$17,000,000 |
||||
Pepper Hamilton, LLP |
1 |
$17,000,000 |
||||
Aird & Berlis LLP |
1 |
$15,500,000 |
||||
Hughes, Hubbard & Reed, LLP |
1 |
$9,926,000 |
||||
Dykema Gosset, PLLC |
1 |
$6,000,000 |
||||
The Q3 2018 U.S. Private Placement Market
Placement Agent Counsel League Table by Number of Transactions:
Legal Counsel |
Transaction Count |
Total Amount Advised |
Goodwin Procter, LLP |
17 |
$769,290,683 |
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC |
17 |
$617,330,523 |
Ellenoff Grossman & Schole LLP |
16 |
$115,670,212 |
Latham & Watkins, LLP |
14 |
$1,201,079,356 |
Cooley LLP |
13 |
$510,345,773 |
Faegre Baker Daniels LLP |
7 |
$61,072,396 |
Proskauer Rose, LLP |
5 |
$243,343,747 |
Duane Morris, LLP |
5 |
$206,803,700 |
Covington & Burling |
5 |
$141,012,492 |
Wilson Sonsini Goodrich & Rosati |
3 |
$284,500,000 |
DLA Piper |
3 |
$60,000,005 |
Sheppard, Mullin, Richter & Hampton, LLP |
3 |
$15,774,156 |
Lowenstein Sandler LLP |
3 |
$15,401,979 |
Schiff Hardin & Waite |
3 |
$12,524,671 |
Mallon & Johnson |
3 |
$10,886,871 |
Cahill, Gordon & Reindel |
2 |
$992,897,260 |
Davis Polk & Wardwell LLP |
2 |
$178,370,000 |
O'Melveny & Myers LLP |
2 |
$175,490,001 |
Ropes & Gray |
2 |
$106,375,000 |
Davis Polk & Wardwell |
2 |
$89,000,000 |
Pillsbury, Winthrop, Shaw & Pittman, LLP |
2 |
$60,500,000 |
McGuireWoods, LLP |
2 |
$34,098,938 |
Dechert, LLP |
2 |
$25,650,001 |
Blank Rome LLP |
2 |
$20,350,004 |
Pryor Cashman |
2 |
$12,757,250 |
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 10/22/18.
The Q3 2018 U.S. Structured Equity Line (SEL) Market
Investor by Number of Transactions:
Investor |
Transaction Count |
Commitment Amount |
Aspire Capital Partners, Inc. |
8 |
$221,500,000 |
GHS Investments LLC |
7 |
$62,000,000 |
Lincoln Park Capital |
6 |
$90,000,000 |
TRITON FUNDS LLC |
4 |
$5,000,000 |
L2 Capital, LLC |
3 |
$50,000,000 |
Northbridge Financial Inc. |
2 |
$6,680,000 |
Yorkville Advisors, LLC |
2 |
$31,000,000 |
Esousa Holdings LLC |
1 |
$5,000,000 |
Sea Otter Global Ventures, LLC |
1 |
$10,000,000 |
Redmile Group LLC |
1 |
$250,000,000 |
Carden Capital LLC |
1 |
$3,500,000 |
Tangiers Capital, LLC |
1 |
$5,000,000 |
Institutional Finance Group, Inc. |
1 |
$5,000,000 |
Auctus Private Equity Management, Inc. |
1 |
$10,000,000 |
Phenix Ventures,LLC |
1 |
$12,500,000 |
Leviston Resources LLC |
1 |
$8,000,000 |
Investor rankings includes Structured Equity Line (SEL) only. Data is for closed and definitive agreement transactions reported as of 10/22/18.
The Q3 2018 U.S. ATM Market
Sales Agent by Number of Transactions:
Sales Agent |
Transaction Count |
Commitment Amount |
Cantor Fitzgerald & Company |
29 |
$3,178,740,000 |
Jefferies & Company, Inc. |
26 |
$7,322,000,000 |
B. Riley & Co. |
25 |
$1,282,648,415 |
Bank of America Merrill Lynch |
23 |
$10,598,470,629 |
Cowen and Company, LLC |
23 |
$1,502,815,000 |
Citigroup Global Markets, Inc. |
21 |
$14,008,959,652 |
Wells Fargo Securities, LLC |
21 |
$10,902,959,652 |
J.P. Morgan Chase & Co. |
19 |
$12,265,000,000 |
SunTrust Robinson Humphrey, Inc. |
16 |
$6,462,000,000 |
RBC Capital Markets, Inc. |
15 |
$8,260,565,000 |
Barclays Capital, Inc. |
14 |
$10,865,959,652 |
H.C. Wainwright & Co., LLC |
14 |
$437,703,000 |
JMP Securities LLC |
13 |
$1,322,982,849 |
Raymond James & Associates Inc. |
12 |
$3,055,565,000 |
Stifel, Nicolaus & Company, Inc. |
12 |
$1,865,000,000 |
Morgan Stanley |
11 |
$6,062,000,000 |
J.P. Morgan Securities (Asia Pacific) Limited |
10 |
$5,411,470,629 |
Goldman, Sachs & Co. |
10 |
$5,373,565,000 |
BTIG, LLC |
10 |
$4,245,000,000 |
Capital One Securities |
9 |
$3,387,000,000 |
BB&T Capital Markets |
9 |
$3,245,565,000 |
KeyBanc Capital Markets |
9 |
$2,175,000,000 |
Robert W. Baird & Co. |
9 |
$1,930,000,000 |
Credit Suisse Securities (USA) LLC |
8 |
$5,150,000,000 |
JonesTrading Institutional Services LLC |
8 |
$432,419,000 |
Sales Agent rankings includes At the Market transactions only. Data is for closed and definitive agreement transactions reported as of 10/22/18.
The Q3 2018 U.S. ATM Market
Sales Agent by Commitment Amount:
Sales Agent |
Transaction Count |
Commitment Amount |
Citigroup Global Markets, Inc. |
21 |
$14,008,959,652 |
J.P. Morgan Chase & Co. |
19 |
$12,265,000,000 |
Wells Fargo Securities, LLC |
21 |
$10,902,959,652 |
Barclays Capital, Inc. |
14 |
$10,865,959,652 |
Bank of America Merrill Lynch |
23 |
$10,598,470,629 |
RBC Capital Markets, Inc. |
15 |
$8,260,565,000 |
Jefferies & Company, Inc. |
26 |
$7,322,000,000 |
SunTrust Robinson Humphrey, Inc. |
16 |
$6,462,000,000 |
TD Securities (USA) Inc. |
7 |
$6,250,000,000 |
Morgan Stanley |
11 |
$6,062,000,000 |
J.P. Morgan Securities (Asia Pacific) Limited |
10 |
$5,411,470,629 |
Goldman, Sachs & Co. |
10 |
$5,373,565,000 |
Credit Suisse Securities (USA) LLC |
8 |
$5,150,000,000 |
SMBC Nikko Securities America, Inc. |
7 |
$4,750,000,000 |
Mizuho Securities Co., Limited |
6 |
$4,400,000,000 |
Mitsubishi UFJ Securities (USA), Inc. |
7 |
$4,300,000,000 |
BTIG, LLC |
10 |
$4,245,000,000 |
UBS Securities LLC |
3 |
$3,990,959,652 |
Capital One Securities |
9 |
$3,387,000,000 |
Credit Agricole CIB |
4 |
$3,250,000,000 |
Scotia Capital (USA) Inc. |
4 |
$3,250,000,000 |
BB&T Capital Markets |
9 |
$3,245,565,000 |
Cantor Fitzgerald & Company |
29 |
$3,178,740,000 |
BMO Capital Markets Corp. |
7 |
$3,110,700,000 |
Raymond James & Associates Inc. |
12 |
$3,055,565,000 |
Sales Agent rankings includes At the Market transactions only. Data is for closed and definitive agreement transactions reported as of 10/22/18.
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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