PlacementTracker Publishes Q3 2019 PIPE and Private Placement Markets League Tables
NEW YORK, Oct. 22, 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 Q3 2019.
A total of $35.5 billion was raised in 745 transactions throughout Q3 of 2019. Of this amount, 3 transactions totaling $12.5 million have been announced but not yet closed as of 10/21/2019. Deal volume has increased 13% (447 deals in 2018) but dollar volume decreased by 2% ($36.3 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
-- Perceptive Advisors, LLC 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
-- Jefferies, Inc. as the most active Sales Agent for At-the-Market (ATM)
transactions
-- Lincoln Park Capital as most active investor in Structured Equity Lines
(SELs)
The Q3 2019 U.S. PIPE and Private Placement Markets
Investment Banking League Table by Number of Transactions:
---
Placement Agent Name Transaction Count
Total Amount Placed
--- ---
H.C. Wainwright & Co., LLC 85 $1,451,792,585
Roth Capital Partners, LLC 30 $656,900,305
Maxim Group LLC 25 $198,260,083
Cowen and Company, LLC 23 $1,383,192,212
Oppenheimer & Co. Inc. 23 $677,117,750
Cantor Fitzgerald & Company 20 $726,329,437
Ladenburg Thalmann & Co., Inc. 18 $651,934,694
Piper Jaffray & Co. 13 $508,458,388
Jefferies & Company, Inc. 12 $840,867,790
William Blair & Company, LLC 12 $437,538,421
JMP Securities LLC 12 $318,977,807
National Securities Corporation 12 $137,898,782
Canaccord Genuity Inc. (US) 11 $341,935,175
A.G.P./Alliance Global Partners 11 $222,025,719
ThinkEquity, A division of Fordham Financial 10 $159,076,520
Citigroup Global Markets, Inc. 9 $1,801,224,962
SVB Leerink LLC 9 $711,212,477
Craig-Hallum Capital Group LLC 9 $161,914,605
Dawson James Securities, Inc. 9 $66,213,620
Chardan Capital Markets 8 $346,437,314
Aegis Capital Corporation 8 $98,424,005
Raymond James & Associates Inc. 7 $548,104,899
Wells Fargo Securities, LLC 7 $290,474,996
Sandler O'Neill & Partners, L.P. 6 $179,449,990
B. Riley & Co. 6 $163,254,834
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 10/21/2019.
The Q3 2019 U.S. PIPE and Private Placement Markets
Institutional Investor League Table by Number of Transactions:
---
Investor Name Transaction Count
Total Amount Invested
--- ---
Perceptive Advisors, LLC 9 $172,961,863
Hudson Bay Capital Management LP 9 $27,298,526
Anson Funds 9 $14,345,786
Heights Capital Management, Inc. 8 $29,282,770
Armistice Capital 7 $26,553,044
BVF, Inc. 7 $25,883,451
Sabby Management, LLC 7 $13,586,220
Lincoln Park Capital 7 $7,026,273
Yorkville Advisors, LLC 6 $5,577,866
IntraCoastal Capital, LLC 6 $2,684,531
OrbiMed Advisors, LLC 5 $49,441,153
Iliad Management, LLC 5 $11,320,000
Chicago Venture Partners, L.P. 5 $10,500,000
Empery Asset Management LP 5 $4,592,155
GCA Altium Limited 5 $2,698,215
L1 Capital 4 $622,565
Prudential Capital Group 3 $98,010,000
Prudential Securities Incorporated 3 $57,540,000
Foris Ventures, LLC 3 $48,339,987
SK Energy LLC 3 $42,999,998
Redmile Group LLC 3 $38,234,993
Froley Revy Investment Company, Inc. 3 $20,450,000
RA Capital Management, LLC 3 $18,221,031
Hosken Consolidated Investments Limited 3 $14,615,799
Tenor Capital Management 3 $10,036,981
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 10/21/2019.
The Q3 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 30 $970,612,182
Goodwin Procter, LLP 22 $510,860,761
Latham & Watkins, LLP 18 $1,999,117,501
Wilmer Cutler Pickering Hale & Dorr, LLP 16 $820,814,147
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 13 $455,035,369
Lowenstein Sandler LLP 13 $162,386,290
Graubard Miller 12 $44,454,966
Morgan, Lewis & Bockius, LLP 10 $227,657,850
Sheppard, Mullin, Richter & Hampton, LLP 10 $21,681,515
Sichenzia Ross Ference LLP 9 $51,075,022
Gibson, Dunn & Crutcher, LLP 7 $318,524,582
McDermott, Will & Emery 7 $32,048,450
Hogan Lovells 6 $349,932,965
Alston & Bird, LLP 6 $184,074,998
Greenberg Traurig, LLP 6 $99,934,692
Blake, Cassels & Graydon LLP 6 $71,300,000
Akerman LLP 6 $67,173,575
Haynes and Boone, LLP 6 $63,500,293
Dentons US LLP 6 $52,782,020
Ellenoff Grossman & Schole LLP 6 $52,538,349
Zysman Aharoni Gayer and Sullivan & Worcester LLP 6 $42,618,507
Hunter Taubman Fisher & Li LLC 6 $29,941,898
Dorsey & Whitney, LLP 5 $78,672,015
Skadden, Arps, Slate, Meagher & Flom, LLP 5 $72,800,027
Disclosure Law Group 5 $35,277,500
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 10/21/2019.
The Q3 2019 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 35 $730,065,671
Hansen Black Anderson Ashcraft PLLC 11 $24,820,000
Kelley Drye & Warren LLP 8 $69,576,000
Schiff Hardin, LLP 4 $375,000,000
Greenberg Traurig, LLP 4 $75,350,001
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 4 $5,500,001
Kirkland & Ellis 3 $2,125,000,000
Skadden, Arps, Slate, Meagher & Flom, LLP 2 $1,129,999,999
Latham & Watkins, LLP 2 $140,000,000
Chapman & Cutler, LLP 2 $125,000,000
Morgan, Lewis & Bockius, LLP 2 $120,160,835
Simpson Thacher Bartlett, LLP 2 $100,000,000
Harris, Wiltshire & Grannis LLP 2 $99,999,999
Pillsbury, Winthrop, Shaw & Pittman, LLP 2 $87,500,003
K&L Gates LLP 2 $23,000,000
Thompson & Hine, LLP 2 $12,000,000
David Gonzalez, Esq. 2 $2,600,000
Munger, Tolles & Olson, LLP 1 $10,000,000,000
Covington & Burling 1 $1,100,000,000
Sullivan & Cromwell 1 $749,907,109
Ice Miller LLP 1 $100,000,000
Locke Lord LLP 1 $100,000,000
Tannenbaum Helpern Syracuse & Hirschtritt LLP 1 $100,000,000
Paul, Weiss, Rifkind, Wharton & Garrison 1 $50,000,000
Reed Smith, LLP 1 $49,999,973
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 10/21/2019.
The Q3 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 41 $282,306,743
Goodwin Procter, LLP 27 $755,279,134
Cooley LLP 12 $688,395,738
Latham & Watkins, LLP 11 $590,990,357
Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC 10 $344,376,574
Lowenstein Sandler LLP 10 $95,109,610
White & Case, LLP 8 $513,150,050
Duane Morris, LLP 8 $239,425,001
Schiff Hardin, LLP 7 $152,270,020
Covington & Burling 5 $140,752,742
Haynes and Boone, LLP 5 $24,235,446
Sheppard, Mullin, Richter & Hampton, LLP 4 $47,599,988
Stikeman Elliott LLP 4 $35,300,000
Zysman Aharoni Gayer and Sullivan & Worcester LLP 4 $31,299,998
Loeb & Loeb, LLP 4 $23,067,593
Sichenzia Ross Ference LLP 4 $6,956,518
Davis Polk & Wardwell LLP 3 $115,249,998
McGuireWoods, LLP 3 $46,584,575
Harter Secrest & Emery LLP 3 $19,840,250
K&L Gates LLP 2 $97,661,001
Fasken Martineau Du Moulin, LLP 2 $65,250,000
Holland & Knight, LLP 2 $26,000,000
Faegre Baker Daniels LLP 2 $24,350,003
Gracin & Marlow LLP 2 $19,950,000
Morgan, Lewis & Bockius, LLP 2 $15,000,000
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 10/21/2019.
The Q3 2019 U.S. At-the-Market (ATM) Market
Sales Agent by Number of Transactions:
---
Sales Agent Transaction Count
Commitment Amount
--- ---
Jefferies & Company, Inc. 48 $1,518,000,000
B. Riley & Co. 35 $493,973,733
J.P. Morgan Chase & Co. 24 $1,670,087,706
Wells Fargo Securities, LLC 23 $1,772,250,000
Citigroup Global Markets, Inc. 23 $1,659,450,000
Bank of America Merrill Lynch 23 $1,559,837,706
Cantor Fitzgerald & Company 23 $276,300,000
Cowen and Company, LLC 20 $296,850,000
BMO Capital Markets Corp. 18 $787,500,000
Morgan Stanley 17 $1,281,501,000
BTIG, LLC 17 $1,157,250,000
RBC Capital Markets, Inc. 17 $1,151,127,000
SunTrust Robinson Humphrey, Inc. 16 $877,500,000
Raymond James & Associates Inc. 16 $792,211,500
JMP Securities LLC 16 $540,703,500
H.C. Wainwright & Co., LLC 16 $82,737,971
Stifel, Nicolaus & Company, Inc. 15 $617,025,000
Barclays Capital, Inc. 13 $1,125,000,000
Goldman, Sachs & Co. 12 $808,500,000
Capital One Securities 11 $727,500,000
Ladenburg Thalmann & Co., Inc. 11 $217,468,500
SVB Leerink LLC 11 $112,500,000
KeyBanc Capital Markets 10 $495,000,000
Mizuho Securities Co., Limited 9 $609,000,000
BB&T Capital Markets 8 $512,127,000
Sales Agent rankings includes At the Market. Data is for closed and definitive agreement transactions reported as of 10/21/2019.
The Q3 2019 U.S. Structured Equity Line Market
SEL Investor League Table by Number of Transactions:
---
Investor Transaction Count
Commitment Amount
--- ---
Lincoln Park Capital 11 $173,000,000
Oasis Capital LLC 7 $42,325,000
Aspire Capital Partners, Inc. 6 $150,000,000
GHS Investments LLC 6 $37,000,000
TRITON FUNDS LLC 2 $4,000,000
Crown Bridge Partners, LLC 1 $10,000,000
Oscaleta Partners LLC 1 $10,000,000
Azure Capital Partners 1 $10,000,000
Zesiger Capital Group, LLC 1 $2,400,000
Cavalry Fund 1 $10,000,000
K&J Funds, LLC 1 $20,000,000
SEL Investor rankings includes Structured Equity Lines. Data is for closed and definitive agreement transactions reported as of 10/21/2019.
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 Paulin
(617) 722-4622
suzanne.chaves@informa.com
www.PlacementTracker.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/placementtracker-publishes-q3-2019-pipe-and-private-placement-markets-league-tables-300942723.html
SOURCE PlacementTracker
