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NEW YORK, Jan. 17, 2017 /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 market for 2016.

 

A total of $42.7 billion was raised in 875 transactions throughout 2016. Of this amount, 9 transactions totaling $61.2 million have been announced but not yet closed as of 01/12/2017.  Deal volume is down 2% (897 deals in 2015) but dollar volume increased 8% ($39.6 billion in 2015).

 

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 access to the very best data and analytics available in our industry.

Most Active Participants Include:

 

The 2016 U.S. PIPE Market

Investment Banking League Table by Number of Transactions:

 

Placement Agent Name

Transaction Count

Total Amount Placed

H.C. Wainwright & Co., LLC

64

$841,969,723

Roth Capital Partners, LLC

51

$971,341,180

Maxim Group LLC

34

$248,887,385

Chardan Capital Markets

25

$189,428,171

Cowen and Company, LLC

20

$575,673,947

Oppenheimer & Co. Inc.

19

$341,384,282

Jefferies & Company, Inc.

17

$880,009,989

Piper Jaffray & Co.

17

$700,125,496

Raymond James & Associates Inc.

16

$557,306,016

Aegis Capital Corporation

16

$78,670,608

Canaccord Genuity Inc. (US)

14

$688,920,792

Craig-Hallum Capital Group LLC

14

$306,015,976

Ladenburg Thalmann & Co., Inc.

13

$341,092,071

Leerink Swann, LLC

12

$583,721,621

Sandler O'Neill & Partners, L.P.

12

$507,067,999

Stifel Nicolaus Weisel

11

$388,623,750

National Securities Corporation

11

$150,526,035

Keefe, Bruyette & Woods, Inc.

10

$508,874,256

Cantor Fitzgerald & Company

10

$424,938,204

Northland Securities, Inc.

10

$178,399,992

B. Riley & Co.

9

$211,034,390

Laidlaw & Company (UK) Ltd.

9

$85,900,433

J.P. Morgan Chase & Co.

8

$2,627,274,112

Needham & Company, LLC

8

$442,059,276

Stephens Inc.

8

$393,074,800

 

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 01/12/2017.

 

The 2016 U.S. PIPE Market

Institutional Investor League Table by Number of Transactions:

 

Investor Name

 

Transaction Count

Total Amount Invested

Sabby Management, LLC

50

$85,476,415

Millennium Management, LLC

23

Not Disclosed

Bank of New York

21

Not Disclosed

Perceptive Advisors, LLC

18

$38,440,713

Teachers Insurance and Annuity Association

17

$50,000,000

Heights Capital Management, Inc.

16

$28,051,689

Citadel Advisors, LLC

16

Not Disclosed

Hudson Bay Capital Management L.P.

13

$129,704,938

Franklin Templeton Group

13

$32,521,872

DAFNA Capital Management, LLC

13

$11,950,010

IntraCoastal Capital, LLC

13

$7,178,462

Brio Capital Management LLC

13

$7,079,983

Empery Asset Management LP

12

$18,759,281

Alyeska Investment Group, L.P.

11

$25,695,420

AWM Investment Management (MGP Advisors, LLC)

11

$3,257,504

Deerfield Management

10

$112,302,311

Fidelity Management & Research Corporation

10

$26,222,987

OrbiMed Advisors, LLC

10

$26,030,548

UBS O'Connor LLC

9

$54,212,000

Anson Capital, LP

9

$13,611,525

Cormorant Asset Management, LLC

9

$9,625,002

Baker Brothers Advisors, LLC

9

$1,999,998

MTP Energy Management LLC (Magnetar)

8

$442,673,071

BVF, Inc.

8

$78,800,443

Broadfin Capital, LLC

8

$5,059,890

 

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 10/11/2016.

 

The 2016 U.S. PIPE Market

Issuer Counsel League Table by Number of Transactions:

 

Legal Counsel

Transaction Count

Total Amount Advised

Cooley LLP

25

$726,052,609

Sichenzia Ross Friedman Ference, LLP

21

$168,105,771

Latham & Watkins, LLP

15

$1,498,677,732

Goodwin Procter, LLP

15

$942,162,219

Vinson & Elkins, LLP

13

$3,961,208,024

DLA Piper

12

$331,383,002

Hogan Lovells

11

$121,947,747

Paul Hastings LLP

10

$281,072,521

K&L Gates LLP

10

$227,937,501

Wilson Sonsini Goodrich & Rosati

10

$160,122,739

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

10

$131,402,944

Lowenstein Sandler LLP

10

$88,331,164

Fenwick & West, LLP

9

$1,990,175,221

Seward & Kissel LLP

8

$352,898,494

Foley & Lardner

8

$170,311,250

Ellenoff Grossman & Schole LLP

8

$43,837,240

Dorsey & Whitney, LLP

7

$189,259,738

Morrison & Foerster, LLP

7

$106,934,548

Skadden, Arps, Slate, Meagher & Flom, LLP

6

$482,458,570

Simpson Thacher Bartlett, LLP

6

$456,500,000

Squire Patton Boggs (US) LLP

6

$130,621,811

Baker & Hostetler, LLP

6

$97,966,000

Greenberg Traurig, LLP

6

$84,137,601

Lucosky Brookman LLP

6

$13,615,000

Perkins Coie, LLP

5

$358,224,992

 

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 01/12/2017.

 

The 2016 U.S. PIPE Market

Investor Counsel League Table by Number of Transactions:

 

Legal Counsel

 

Transaction Count

Total Amount Advised

Schulte Roth & Zabel, LLP

75

$6,579,708,044

 

Kelley Drye & Warren LLP

9

$108,891,653

 

Morgan, Lewis & Bockius, LLP

8

$395,000,007

 

Ellenoff Grossman & Schole LLP

8

$52,168,750

 

Latham & Watkins, LLP

7

$2,856,479,557

 

Greenberg Traurig, LLP

6

$718,723,037

 

Kirkland & Ellis

5

$2,582,053,000

 

Ropes & Gray

5

$1,446,949,997

 

Sichenzia Ross Friedman Ference, LLP

5

$24,110,830

 

Morrison & Foerster, LLP

5

$21,247,752

 

Sidley Austin LLP

3

$2,040,053,000

 

Skadden, Arps, Slate, Meagher & Flom, LLP

3

$937,750,000

 

Schiff Hardin, LLP

3

$230,000,000

 

Chapman & Cutler, LLP

3

$145,000,000

 

Fleming PLLC

3

$63,400,000

 

Simpson Thacher Bartlett, LLP

2

$1,750,000,000

 

White & Case, LLP

2

$638,891,137

 

Akin, Gump, Strauss, Hauer & Feld, LLP

2

$515,700,000

 

Vinson & Elkins, LLP

2

$390,017,670

 

Lowenstein Sandler LLP

2

$208,200,000

 

Watson, Farley & Williams LLP

2

$200,000,000

 

Sullivan & Cromwell

2

$65,000,000

 

Seward & Kissel LLP

2

$56,749,988

 

Paul, Weiss, Rifkind, Wharton & Garrison

2

$56,262,740

 

Locke Lord LLP

2

$51,380,000

 

 

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 01/12/2017.

The 2016 U.S. PIPE Market

Placement Agent Counsel League Table by Number of Transactions:

 

Legal Counsel

Transaction Count

Total Amount Advised

Ellenoff Grossman & Schole LLP

58

$471,325,585

Goodwin Procter, LLP

24

$595,542,230

Latham & Watkins, LLP

14

$609,433,225

Covington & Burling

13

$695,580,005

Lowenstein Sandler LLP

11

$104,048,534

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

10

$152,014,230

Cooley LLP

7

$278,049,974

Pryor Cashman

7

$28,844,090

Proskauer Rose, LLP

6

$85,825,534

Sichenzia Ross Friedman Ference, LLP

6

$18,043,751

Morrison & Foerster, LLP

4

$586,821,253

Schiff Hardin, LLP

4

$14,946,001

Skadden, Arps, Slate, Meagher & Flom, LLP

3

$257,186,220

Davis Polk & Wardwell LLP

3

$233,290,500

DLA Piper

3

$67,878,740

Dechert, LLP

3

$62,632,495

Faegre Baker Daniels LLP

3

$29,900,003

Greenberg Traurig, LLP

3

$27,039,699

Stikeman Elliott LLP

2

$142,073,720

Fried, Frank, Harris, Shriver & Jacobson

2

$133,150,000

Duane Morris, LLP

2

$63,750,000

Loeb & Loeb, LLP

2

$53,068,750

Gornitzky & Co.

2

$38,062,504

Milbank, Tweed, Hadley & McCloy, LLP

2

$30,020,000

Pillsbury, Winthrop, Shaw & Pittman, LLP

2

$21,677,444

 

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 01/12/2017.

 

The 2016 U.S. ATM Market

Sales Agent by Number of Transactions:

 

Sales Agent

Transaction Count

Commitment Amount

Bank of America Merrill Lynch

44

$17,454,469,788

Wells Fargo Securities, LLC

41

$18,139,887,565

Cantor Fitzgerald & Company

39

$3,465,262,980

J.P. Morgan Chase & Co.

33

$16,539,927,072

Citigroup Global Markets, Inc.

33

$14,677,035,658

RBC Capital Markets, Inc.

32

$16,067,422,565

FBR Capital Markets

32

$1,955,964,592

Barclays Capital, Inc.

31

$15,183,182,942

Morgan Stanley

30

$14,591,190,658

Cowen and Company, LLC

30

$1,741,500,000

Jefferies & Company, Inc.

29

$12,107,850,658

SunTrust Robinson Humphrey, Inc.

21

$10,425,727,942

Raymond James & Associates Inc.

21

$7,927,900,658

Mitsubishi UFJ Securities (USA), Inc.

20

$13,054,684,849

Goldman, Sachs & Co.

19

$9,299,260,000

Deutsche Bank Securities, Inc.

18

$10,429,982,942

Robert W. Baird & Co.

16

$5,394,180,658

Mizuho Securities Co., Limited

15

$9,956,262,942

Capital One Securities

13

$5,211,587,716

Credit Suisse Securities (USA) LLC

12

$6,634,559,130

BMO Capital Markets Corp.

12

$5,386,377,942

KeyBanc Capital Markets

12

$2,743,720,000

MLV & Co. LLC

12

$638,625,000

BB&T Capital Markets

11

$4,200,447,942

BNP Paribas Securities Corporation

10

$7,667,151,907

 

Sales Agent rankings includes At the Market.  Data is for closed and definitive agreement transactions reported as of 01/12/2017.

 

The 2016 U.S. ATM Market

Sales Agent by Commitment Amount:

 

Sales Agent

Transaction Count

Commitment Amount

Wells Fargo Securities, LLC

41

$18,139,887,565

Bank of America Merrill Lynch

44

$17,454,469,788

J.P. Morgan Chase & Co.

33

$16,539,927,072

RBC Capital Markets, Inc.

32

$16,067,422,565

Barclays Capital, Inc.

31

$15,183,182,942

Citigroup Global Markets, Inc.

33

$14,677,035,658

Morgan Stanley

30

$14,591,190,658

Mitsubishi UFJ Securities (USA), Inc.

20

$13,054,684,849

Jefferies & Company, Inc.

29

$12,107,850,658

Deutsche Bank Securities, Inc.

18

$10,429,982,942

SunTrust Robinson Humphrey, Inc.

21

$10,425,727,942

Mizuho Securities Co., Limited

15

$9,956,262,942

Goldman, Sachs & Co.

19

$9,299,260,000

Raymond James & Associates Inc.

21

$7,927,900,658

BNP Paribas Securities Corporation

10

$7,667,151,907

Credit Suisse Securities (USA) LLC

12

$6,634,559,130

SMBC Nikko Securities America, Inc.

8

$6,440,000,000

TD Securities (USA) Inc.

5

$5,890,000,000

Robert W. Baird & Co.

16

$5,394,180,658

BMO Capital Markets Corp.

12

$5,386,377,942

Capital One Securities

13

$5,211,587,716

UBS Securities LLC

7

$4,510,912,942

BB&T Capital Markets

11

$4,200,447,942

Scotia Capital (USA) Inc.

7

$4,163,236,907

USCA Securities LLC

4

$4,031,262,942

 

Sales Agent rankings includes At the Market.  Data is for closed and definitive agreement transactions reported as of 01/12/2017.

 

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

Informa Financial Intelligence, a subsidiary 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.

 

 

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