Financial News

PlacementTracker Publishes 2018 PIPE and Private Placement Markets League Tables

NEW YORK, Jan. 23, 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 2018.

PlacementTracker (PRNewsfoto/PlacementTracker)

A total of $44.6 billion was raised in 875 transactions throughout 2018. Of this amount, 2 transactions totaling $9 million have been announced but not yet closed as of 01/22/2019.  Deal volume is essentially flat (880 deals in 2017) but dollar volume increased 44% ($31 billion in 2017).

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
  • Iroquois Capital L.P.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
  • Lincoln Park Capital as most active investor in Structured Equity Lines (SELs)

 

The 2018 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

67

$1,444,209,779

Roth Capital Partners, LLC

53

$1,628,148,601

Maxim Group LLC

27

$638,546,160

Jefferies & Company, Inc.

25

$2,009,259,192

Piper Jaffray & Co.

23

$976,823,811

Oppenheimer & Co. Inc.

22

$832,990,769

Ladenburg Thalmann & Co., Inc.

20

$777,848,925

National Securities Corporation

20

$520,691,228

Cowen and Company, LLC

19

$1,140,066,227

Cantor Fitzgerald & Company

19

$912,744,881

A.G.P./Alliance Global Partners

17

$211,120,044

Craig-Hallum Capital Group LLC

15

$329,657,126

Canaccord Genuity Inc. (US)

14

$613,289,909

Chardan Capital Markets

14

$157,859,138

William Blair & Company, LLC

12

$761,733,510

Raymond James & Associates Inc.

12

$629,332,581

Stifel, Nicolaus & Company, Inc.

11

$685,716,491

BTIG, LLC

11

$640,968,388

B. Riley & Co.

11

$464,136,990

SunTrust Robinson Humphrey, Inc.

10

$1,257,090,095

JMP Securities LLC

10

$397,374,153

Dawson James Securities, Inc.

10

$33,689,278

Credit Suisse Securities (USA) LLC

9

$1,279,829,157

Leerink Swann, LLC

9

$694,125,314

Northland Securities, Inc.

9

$353,187,976


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 01/22/2019.

 

The 2018 U.S. PIPE and Private Placement Markets

Institutional Investor League Table by Number of Transactions:


Investor Name

Transaction Count

    Total Amount Invested

Iroquois Capital L.P.

50

$44,199,116

Brio Capital Management LLC

16

$3,788,852

Lincoln Park Capital

14

$9,946,655

IntraCoastal Capital, LLC

13

$13,121,292

Sabby Management, LLC

12

$29,615,105

Hudson Bay Capital Management LP

11

$57,943,615

Anson Funds

11

$13,506,024

Iliad Management, LLC

10

$29,480,000

LH Financial Services Corporation

10

$18,114,885

Heights Capital Management, Inc.

7

$66,407,454

BVF, Inc.

7

$44,604,874

Armistice Capital

7

$14,379,930

Yorkville Advisors, LLC

7

$14,350,000

Empery Asset Management LP

7

$7,677,094

New Enterprise Associates

6

$30,997,500

Perceptive Advisors, LLC

5

$129,999,998

RA Capital Management, LLC

5

$28,079,890

Aspire Capital Partners, Inc.

5

$16,953,339

Tortoise Capital Advisors, LLC

4

$135,001,000

Vivo Ventures, LLC

4

$45,364,993

Merida Capital Partners

4

$8,000,000

Psagot Provident Funds Limited

4

$5,320,223

Broadfin Capital, LLC

4

$5,071,646

Tenor Capital Management

4

$3,592,000

Cantor, Fitzgerald & Co.

4

$2,300,000




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 01/22/2019.

 

The 2018 U.S. PIPE and Private Placement Markets

Issuer Counsel League Table by Number of Transactions:


Legal Counsel

  Transaction Count

    Total Amount Advised

Cooley LLP

28

$1,379,445,332

Goodwin Procter, LLP

19

$1,004,518,845

Sichenzia Ross Ference Kesner LLP

16

$169,968,993

Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC

13

$343,034,510

Wilson Sonsini Goodrich & Rosati

12

$701,407,365

K&L Gates LLP

12

$438,446,010

Greenberg Traurig, LLP

10

$260,349,925

Ellenoff Grossman & Schole LLP

9

$156,514,961

Latham & Watkins, LLP

8

$1,083,732,435

Alston & Bird, LLP

8

$238,579,999

DLA Piper

8

$226,182,493

Olshan Frome Wolosky LLP

8

$60,816,999

Hogan Lovells

7

$147,505,362

Lowenstein Sandler LLP

6

$24,886,871

Fenwick & West, LLP

5

$201,176,329

Dorsey & Whitney, LLP

5

$167,119,905

Mitchell, Silberberg & Knupp LLP

5

$71,852,974

Haynes and Boone, LLP

5

$62,349,886

Loeb & Loeb, LLP

5

$29,122,505

Sheppard, Mullin, Richter & Hampton, LLP

5

$14,262,500

Jones Day

4

$1,048,260,537

Sidley Austin LLP

4

$642,001,477

Vinson & Elkins, LLP

4

$623,808,250

Schiff Hardin, LLP

4

$618,109,827

Gibson, Dunn & Crutcher, LLP  

4

$423,809,511




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 01/22/2019.


 

The 2018 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

48

$1,620,413,395

Kelley Drye & Warren LLP

26

$447,308,029

Hansen Black Anderson Ashcraft PLLC

10

$24,487,079

Kirkland & Ellis

3

$950,000,000

Cooley LLP

3

$335,066,878

Bryan Cave, LLP

3

$52,500,000

Paul, Weiss, Rifkind, Wharton & Garrison

3

$15,717,967

Simpson Thacher Bartlett, LLP

2

$1,600,000,000

Ropes & Gray

2

$1,011,600,000

Davis Polk & Wardwell LLP

2

$329,527,973

White & Case, LLP

2

$138,900,004

Tannenbaum Helpern Syracuse & Hirschtritt LLP

2

$100,000,000

Hughes, Hubbard & Reed, LLP

2

$44,925,998

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

Goodmans, LLP

1

$1,797,106,565

Wachtell, Lipton, Rosen & Katz

1

$1,797,106,565

Sidley Austin LLP

1

$1,428,375,000

Mayer Brown LLP

1

$200,000,000

Winston & Strawn

1

$132,000,000

Lawson Lundell LLP

1

$116,400,000

Skadden, Arps, Slate, Meagher & Flom, LLP

1

$100,000,000

Goodwin Procter, LLP

1

$75,000,003

Fried, Frank, Harris, Shriver & Jacobson

1

$74,999,988


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 01/22/2019.

 

The 2018 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

24

$158,485,662

Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC

22

$787,852,534

Latham & Watkins, LLP

21

$1,665,826,428

Goodwin Procter, LLP

20

$1,023,891,640

Cooley LLP

15

$596,604,927

Covington & Burling

8

$280,215,621

Lowenstein Sandler LLP

7

$89,241,981

Faegre Baker Daniels LLP

7

$61,072,396

Proskauer Rose, LLP

6

$273,343,747

DLA Piper

6

$255,225,006

Duane Morris, LLP

5

$206,803,700

Sheppard, Mullin, Richter & Hampton, LLP

5

$20,224,156

Cahill, Gordon & Reindel

3

$1,192,777,793

Wilson Sonsini Goodrich & Rosati

3

$284,500,000

Golenbock Eiseman Assor Bell & Peskoe

3

$20,740,275

Schiff Hardin & Waite

3

$12,524,671

Mallon & Johnson

3

$10,886,871

Davis Polk & Wardwell LLP

2

$178,370,000

O'Melveny & Myers LLP

2

$175,490,001

Morgan, Lewis & Bockius, LLP

2

$125,650,002

Ropes & Gray

2

$106,375,000

Davis Polk & Wardwell

2

$90,300,000

Pillsbury, Winthrop, Shaw & Pittman, LLP

2

$60,500,000

Reed Smith, LLP

2

$49,150,001

Kelley Drye & Warren LLP

2

$46,072,505


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 01/22/2019.

 

The 2018 U.S. Structured Equity Line Market

SEL Investor League Table by Number of Transactions:


Investor

Transaction Count

   Commitment Amount

Lincoln Park Capital

12

$233,500,000

Aspire Capital Partners, Inc.

8

$221,500,000

GHS Investments LLC

7

$62,000,000

TRITON FUNDS LLC

7

$9,000,000

L2 Capital, LLC

5

$78,000,000

Yorkville Advisors, LLC

2

$31,000,000

Northbridge Financial Inc.

2

$6,680,000

Redmile Group LLC

1

$250,000,000

Phenix Ventures, LLC

1

$12,500,000

Oasis Capital LLC

1

$12,000,000

Auctus Private Equity Management, Inc.

1

$10,000,000

Sea Otter Global Ventures, LLC

1

$10,000,000

Leviston Resources LLC

1

$8,000,000

Esousa Holdings LLC

1

$5,000,000

Institutional Finance Group, Inc.

1

$5,000,000

Tangiers Capital, LLC

1

$5,000,000

Carden Capital LLC

1

$3,500,000


SEL Investor rankings includes Structured Equity Lines.  Data is for closed and definitive agreement transactions reported as of 01/22/2019.

 

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 Business Intelligence Division of Informa PLC, is a leading provider of critical decision-making solutions and custom services to financial institutions. From the big picture to the smallest detail, Informa Financial Intelligence's leading-edge financial information and decision-making products provide 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

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/placementtracker-publishes-2018-pipe-and-private-placement-markets-league-tables-300782680.html

SOURCE Informa Financial Intelligence

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