PlacementTracker Publishes Q1 2019 PIPE and Private Placement Markets League Tables
NEW YORK, April 16, 2019 /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 Q1 2019.
A total of $5.4 billion was raised in 235 transactions throughout Q1 of 2019. Of this amount, 1 transaction totaling $25 million has been announced but not yet closed as of 04/15/2019. Deal volume increased by 5% (223 deals in 2018) but dollar volume decreased 30% ($7.7 billion in 2018).
We congratulate all 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
-- Iliad Management as the most active institutional investor
-- Cooley 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
The Q1 2019 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 35 $578,651,111
Maxim Group LLC 11 $68,463,250
Roth Capital Partners, LLC 10 $237,550,548
Cowen and Company, LLC 9 $472,787,512
Oppenheimer & Co. Inc. 8 $224,540,250
Ladenburg Thalmann & Co., Inc. 8 $117,920,106
Cantor Fitzgerald & Company 6 $295,502,895
Citigroup Global Markets Limited 5 $519,799,956
A.G.P./Alliance Global Partners 5 $113,448,859
JMP Securities LLC 5 $99,477,806
Chardan Capital Markets 5 $94,055,304
Benchmark Company, LLC (The) 5 $93,900,005
Jefferies & Company, Inc. 4 $362,890,250
Piper Jaffray & Co. 4 $125,024,982
Craig-Hallum Capital Group LLC 4 $49,596,077
National Securities Corporation 4 $30,803,460
Dawson James Securities, Inc. 4 $13,600,120
RBC Capital Markets, Inc. 3 $810,197,354
Wedbush PacGrow 3 $270,250,000
SVB Leerink LLC 3 $267,849,995
Evercore Group LLC 3 $257,933,513
Barclays Capital, Inc. 3 $223,982,336
Stifel, Nicolaus & Company, Inc. 3 $181,216,375
Raymond James & Associates Inc. 3 $143,054,899
Canaccord Genuity Inc. (US) 3 $53,011,500
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 04/15/2019.
The Q1 2019 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
--- ---
Iliad Management, LLC 3 $9,000,000
Johnson & Johnson, Inc. (NYSE:JNJ) 2 $239,995,298
Hercules Capital, Inc. (NASDAQ: HTGC) 2 $100,000,000
TRUE WIND CAPITAL MANAGEMENT, L.P. 2 $100,000,000
Stagwell Group(The) 2 $99,999,999
Prudential Securities Incorporated 2 $46,540,000
Perceptive Advisors, LLC 2 $25,836,880
Prudential Capital Group 2 $23,010,000
Wellington Management Company LLP 2 $20,000,000
OrbiMed Advisors, LLC 2 $16,855,375
BVF, Inc. 2 $15,000,000
Froley Revy Investment Company, Inc. 2 $10,450,000
683 Capital Partners, LP 2 $6,370,240
LH Financial Services Corporation 2 $2,052,224
ADEC Private Equity Investments, LLC 2 $2,000,000
Harbor Gates Capital, LLC 2 $1,150,000
Canada Pension Plan Investment Board 1 $749,907,109
Investa Wahana Group 1 $200,000,000
Kohlberg Kravis Roberts & Company, LP (KKR) 1 $170,000,000
Ping An Insurance (Group) Company of China 1 $150,000,000
Ramius LLC 1 $129,200,000
Merlin Partners, LP 1 $100,000,000
CVR Energy, Inc. 1 $60,375,000
Starboard Value LP 1 $41,000,000
New York Life Insurance Company 1 $40,000,000
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 04/15/2019.
The Q1 2019 U.S. PIPE and Private Placement Markets
Issuer Counsel League Table by Number of Transactions:
---
Legal Counsel Transaction Count
Total Amount Advised
--- ---
Cooley LLP 13 $378,985,241
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 7 $191,235,378
Lowenstein Sandler LLP 7 $86,493,490
Wilmer Cutler Pickering Hale & Dorr, LLP 6 $452,467,500
Goodwin Procter, LLP 6 $82,386,385
Latham & Watkins, LLP 5 $165,000,008
Graubard Miller 5 $17,100,000
Hogan Lovells 4 $306,130,350
Morgan, Lewis & Bockius, LLP 4 $109,838,976
Simpson Thacher Bartlett, LLP 3 $849,907,108
Disclosure Law Group 3 $23,727,500
Winstead PC 3 $21,335,015
Haynes and Boone, LLP 3 $17,120,508
Akin, Gump, Strauss, Hauer & Feld, LLP 2 $315,463,505
Baker Botts, LLP 2 $100,000,000
Ropes & Gray 2 $98,950,000
TroyGould PC 2 $48,009,995
Nelson Mullins Riley & Scarborough, LLP 2 $43,400,000
Fenwick & West, LLP 2 $28,928,048
Reed Smith, LLP 2 $25,500,000
Ellenoff Grossman & Schole LLP 2 $20,918,337
Olshan Frome Wolosky LLP 2 $16,000,000
Greenberg Traurig, LLP 2 $15,265,833
Baker & McKenzie 2 $15,000,000
Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP 2 $14,999,999
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 04/15/2019.
The Q1 2019 U.S. PIPE and Private Placement Markets
Investor Counsel League Table by Number of Transactions:
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Legal Counsel Transaction Count Total Amount Advised
--- ---
Schulte Roth & Zabel, LLP 17 $457,349,995
Hansen Black Anderson Ashcraft PLLC 4 $14,000,000
Simpson Thacher Bartlett, LLP 2 $100,000,000
Harris, Wiltshire & Grannis LLP 2 $99,999,999
K&L Gates LLP 2 $23,000,000
Thompson & Hine, LLP 2 $12,000,000
Kelley Drye & Warren LLP 2 $8,750,000
Sullivan & Cromwell 1 $749,907,109
Latham & Watkins, LLP 1 $100,000,000
Schiff Hardin, LLP 1 $100,000,000
Pillsbury, Winthrop, Shaw & Pittman, LLP 1 $80,000,000
Norton Rose Fulbright 1 $37,500,000
Cleary, Gottlieb, Steen & Hamilton 1 $30,000,000
Eversheds Sutherland (US) LLP, 1 $24,900,000
Chapman & Cutler, LLP 1 $20,000,000
Paul Hastings LLP 1 $19,999,995
Lowenstein Sandler LLP 1 $15,000,000
Gracin & Marlow LLP 1 $10,227,500
Baker & Hostetler, LLP 1 $6,175,000
Morgan, Lewis & Bockius, LLP 1 $4,000,000
Greenberg Traurig, LLP 1 $2,350,000
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 04/15/2019.
The Q1 2019 U.S. PIPE and Private Placement Markets
Placement Agent Counsel League Table by Number of Transactions:
---
Legal Counsel Transaction Count
Total Amount Advised
--- ---
Ellenoff Grossman & Schole LLP 16 $130,711,885
Goodwin Procter, LLP 11 $285,126,158
Lowenstein Sandler LLP 7 $63,609,602
Cooley LLP 5 $338,618,337
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 4 $168,523,874
Haynes and Boone, LLP 4 $19,985,451
White & Case, LLP 3 $178,700,350
Latham & Watkins, LLP 3 $148,499,956
Stikeman Elliott LLP 3 $21,500,000
Harter Secrest & Emery LLP 3 $19,840,250
Duane Morris, LLP 2 $59,199,998
Covington & Burling 2 $43,290,250
Morgan, Lewis & Bockius, LLP 2 $15,000,000
Blake, Cassels & Graydon LLP 2 $15,000,000
Proskauer Rose, LLP 1 $105,167,500
Fasken Martineau Du Moulin, LLP 1 $25,000,000
Stradling, Yocca, Carlson & Rauth, PC 1 $22,000,000
Davis Polk & Wardwell LLP 1 $20,000,000
Wilson Sonsini Goodrich & Rosati 1 $19,999,995
Gornitzky & Co. 1 $15,400,000
Golenbock Eiseman Assor Bell & Peskoe 1 $9,832,500
Sheppard, Mullin, Richter & Hampton, LLP 1 $8,499,996
McGuireWoods, LLP 1 $7,084,575
Gracin & Marlow LLP 1 $6,150,000
McDermott, Will & Emery 1 $3,000,000
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 04/15/2019.
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 Financial Intelligence
Financial Intelligence, part of the Informa Intelligence Division of Informa plc, is a leading provider of products and services helping financial institutions around the world cut through the noise and take decisive action. Informa Financial Intelligence's solutions provide unparalleled insight into market opportunity, competitive performance and customer segment behavioral patterns and performance through specialized industry research, intelligence, and insight. For more information, please visit https://financialintelligence.informa.com.
Company Contact:
Suzanne Chaves
(617) 722-4622
suzanne.chaves@informa.com
www.PlacementTracker.com
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