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 Total Amount Advised
Transaction Count
---
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:
Transaction Count
Total Amount Advised
Legal Counsel
---
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.
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suzanne.chaves@informa.com
www.PlacementTracker.com
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