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PlacementTracker Publishes Q2 2019 PIPE and Private Placement Markets League Tables
NEW YORK, July 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 Q2 2019.
A total of $28.8 billion was raised in 518 transactions throughout Q2 of 2019. Of this amount, 1 transaction totaling $7 million has been announced but not yet closed as of 07/22/2019. Deal volume has increased 14% (447 deals in 2018) and dollar volume increased 44% ($17.2 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
- BVF, Inc. 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 Q2 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
| 66
| $1,142,345,734
| Roth Capital Partners, LLC
| 28
| $619,744,205
| Maxim Group LLC
| 23
| $194,645,755
| Cowen and Company, LLC
| 17
| $1,137,107,476
| Oppenheimer & Co. Inc.
| 16
| $538,192,751
| Cantor Fitzgerald & Company
| 13
| $483,345,399
| Ladenburg Thalmann & Co., Inc.
| 13
| $322,420,108
| Jefferies & Company, Inc.
| 11
| $763,347,042
| A.G.P./Alliance Global Partners
| 11
| $167,248,833
| Piper Jaffray & Co.
| 10
| $347,024,990
| JMP Securities LLC
| 10
| $248,977,805
| William Blair & Company, LLC
| 9
| $332,443,396
| Canaccord Genuity Inc. (US)
| 9
| $236,499,175
| Craig-Hallum Capital Group LLC
| 9
| $147,664,603
| National Securities Corporation
| 9
| $105,530,886
| Citigroup Global Markets, Inc.
| 8
| $1,703,799,962
| ThinkEquity, A division of Fordham Financial
| 8
| $73,470,000
| Dawson James Securities, Inc.
| 7
| $21,713,620
| RBC Capital Markets, Inc.
| 6
| $1,013,701,904
| SVB Leerink LLC
| 6
| $521,212,485
| Chardan Capital Markets
| 6
| $209,055,304
| B. Riley & Co.
| 6
| $159,504,832
| Barclays Capital, Inc.
| 5
| $454,457,336
| Wells Fargo Securities, LLC
| 5
| $265,474,996
| Sandler O'Neill & Partners, L.P.
| 5
| $129,999,990
|
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 07/22/2019.
The Q2 2019 U.S. PIPE and Private Placement Markets
Institutional Investor League Table by Number of Transactions:
|
|
|
| Investor Name
| Transaction Count
| Total Amount Invested
| BVF, Inc.
| 5
| $15,000,000
| Iliad Management, LLC
| 5
| $11,320,000
| Yorkville Advisors, LLC
| 5
| $5,296,618
| Perceptive Advisors, LLC
| 4
| $115,836,880
| OrbiMed Advisors, LLC
| 4
| $46,855,375
| Hudson Bay Capital Management LP
| 4
| $21,622,855
| Chicago Venture Partners, L.P.
| 4
| $9,000,000
| Prudential Securities Incorporated
| 3
| $57,540,000
| Heights Capital Management, Inc.
| 3
| $23,700,000
| Froley Revy Investment Company, Inc.
| 3
| $20,450,000
| Samsara BioCapital, L.P.
| 3
| $9,999,960
| Lincoln Park Capital
| 3
| $4,000,001
| GCA Altium Limited
| 3
| Not Disclosed
| Johnson & Johnson, Inc.
| 2
| $239,995,298
| Hercules Capital, Inc.
| 2
| $100,000,000
| TRUE WIND CAPITAL MANAGEMENT, L.P.
| 2
| $100,000,000
| Stagwell Group (The)
| 2
| $99,999,999
| New York Life Insurance Company
| 2
| $58,800,000
| MetLife, Inc.
| 2
| $51,500,000
| SK Energy LLC
| 2
| $29,999,998
| GSO Capital Partners LP
| 2
| $25,000,000
| Prudential Capital Group
| 2
| $23,010,000
| Innovatus Capital Partners, LLC
| 2
| $23,000,001
| Wellington Management Company LLP
| 2
| $20,000,000
| C3J Therapeutics, Inc
| 2
| $19,999,994
|
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 07/22/2019.
The Q2 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
| 19
| $770,305,242
| Goodwin Procter, LLP
| 17
| $243,715,769
| Wilmer Cutler Pickering Hale & Dorr, LLP
| 13
| $645,814,155
| Latham & Watkins, LLP
| 11
| $1,582,917,503
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC
| 11
| $442,035,369
| Lowenstein Sandler LLP
| 11
| $117,285,491
| Graubard Miller
| 9
| $30,779,966
| Sichenzia Ross Ference Kesner LLP
| 8
| $42,854,794
| Sheppard, Mullin, Richter & Hampton, LLP
| 6
| $9,699,995
| Hogan Lovells
| 5
| $336,133,050
| Morgan, Lewis & Bockius, LLP
| 5
| $132,839,551
| Alston & Bird, LLP
| 5
| $107,824,998
| Ellenoff Grossman & Schole LLP
| 5
| $46,538,347
| Greenberg Traurig, LLP
| 5
| $44,965,833
| Zysman Aharoni Gayer and Sullivan & Worcester LLP
| 5
| $35,618,507
| Hunter Taubman Fisher & Li LLC
| 5
| $14,941,900
| Gibson, Dunn & Crutcher, LLP
| 4
| $242,237,504
| Akerman LLP
| 4
| $49,682,575
| Disclosure Law Group
| 4
| $30,277,500
| Blake, Cassels & Graydon LLP
| 4
| $21,500,000
| Haynes and Boone, LLP
| 4
| $19,555,293
| Baker & Hostetler, LLP
| 4
| $11,400,000
| Simpson Thacher Bartlett, LLP
| 3
| $849,907,108
| Ropes & Gray
| 3
| $100,950,000
| Dorsey & Whitney, LLP
| 3
| $47,654,999
|
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 07/22/2019.
The Q2 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
| 28
| $658,287,151
| Hansen Black Anderson Ashcraft PLLC
| 8
| $21,070,000
| Kelley Drye & Warren LLP
| 6
| $56,271,000
| Greenberg Traurig, LLP
| 3
| $25,350,001
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC
| 3
| $4,000,001
| Kirkland & Ellis
| 2
| $1,725,000,000
| Schiff Hardin, LLP
| 2
| $175,000,000
| Morgan, Lewis & Bockius, LLP
| 2
| $120,160,835
| Simpson Thacher Bartlett, LLP
| 2
| $100,000,000
| Harris, Wiltshire & Grannis LLP
| 2
| $99,999,999
| 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
| Sullivan & Cromwell
| 1
| $749,907,109
| Ice Miller LLP
| 1
| $100,000,000
| Latham & Watkins, LLP
| 1
| $100,000,000
| Locke Lord LLP
| 1
| $100,000,000
| Tannenbaum Helpern Syracuse & Hirschtritt LLP
| 1
| $100,000,000
| Pillsbury, Winthrop, Shaw & Pittman, LLP
| 1
| $80,000,000
| Norton Rose Fulbright
| 1
| $37,500,000
| Stikeman Elliott LLP
| 1
| $34,999,998
| Cleary, Gottlieb, Steen & Hamilton
| 1
| $30,000,000
| DLA Piper
| 1
| $25,000,000
| Eversheds Sutherland (US) LLP,
| 1
| $24,900,000
|
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 07/22/2019.
The Q2 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
| 30
| $202,993,654
| Goodwin Procter, LLP
| 19
| $547,626,740
| Latham & Watkins, LLP
| 11
| $583,565,357
| Cooley LLP
| 10
| $521,918,338
| Lowenstein Sandler LLP
| 8
| $69,609,610
| White & Case, LLP
| 7
| $470,640,350
| Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC
| 6
| $217,526,575
| Haynes and Boone, LLP
| 5
| $24,235,446
| Duane Morris, LLP
| 4
| $125,324,999
| Covington & Burling
| 4
| $87,507,750
| Zysman Aharoni Gayer and Sullivan & Worcester LLP
| 4
| $31,299,998
| Loeb & Loeb, LLP
| 4
| $22,808,000
| McGuireWoods, LLP
| 3
| $46,584,575
| Sheppard, Mullin, Richter & Hampton, LLP
| 3
| $43,499,987
| Stikeman Elliott LLP
| 3
| $21,500,000
| Harter Secrest & Emery LLP
| 3
| $19,840,250
| Schiff Hardin, LLP
| 3
| $7,770,020
| Faegre Baker Daniels LLP
| 2
| $24,350,003
| Gracin & Marlow LLP
| 2
| $19,950,000
| Morgan, Lewis & Bockius, LLP
| 2
| $15,000,000
| Blake, Cassels & Graydon LLP
| 2
| $15,000,000
| McDermott, Will & Emery
| 2
| $5,434,785
| Sichenzia Ross Ference Kesner LLP
| 2
| $3,299,998
| Cahill, Gordon & Reindel
| 1
| $135,002,750
| Proskauer Rose, LLP
| 1
| $105,167,500
|
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 07/22/2019.
The Q2 2019 U.S. At-the-Market (ATM) Market
Sales Agent by Number of Transactions:
|
| Sales Agent
| Transaction Count
| Commitment Amount
| Jefferies & Company, Inc.
| 27
| $6,995,000,000
| Wells Fargo Securities, LLC
| 18
| $9,215,000,000
| J.P. Morgan Chase & Co.
| 18
| $8,693,918,043
| Bank of America Merrill Lynch
| 17
| $7,858,918,043
| B. Riley & Co.
| 17
| $1,868,000,000
| Citigroup Global Markets, Inc.
| 16
| $8,188,000,000
| JMP Securities LLC
| 14
| $2,737,460,000
| Cowen and Company, LLC
| 13
| $1,240,000,000
| Morgan Stanley
| 12
| $6,093,340,000
| RBC Capital Markets, Inc.
| 12
| $5,709,180,000
| BMO Capital Markets Corp.
| 12
| $3,750,000,000
| SunTrust Robinson Humphrey, Inc.
| 11
| $4,050,000,000
| Cantor Fitzgerald & Company
| 11
| $912,000,000
| BTIG, LLC
| 10
| $4,950,000,000
| Raymond James & Associates Inc.
| 10
| $3,414,180,000
| Stifel, Nicolaus & Company, Inc.
| 10
| $2,588,500,000
| KeyBanc Capital Markets
| 9
| $2,450,000,000
| Barclays Capital, Inc.
| 8
| $5,410,000,000
| Capital One Securities
| 8
| $3,500,000,000
| H.C. Wainwright & Co., LLC
| 8
| $420,501,840
| Goldman, Sachs & Co.
| 7
| $3,800,000,000
| Mizuho Securities Co., Limited
| 7
| $3,360,000,000
| TD Securities (USA) Inc.
| 6
| $3,187,901,840
| BB&T Capital Markets
| 6
| $2,784,180,000
| Robert W. Baird & Co.
| 6
| $2,150,000,000
|
Sales Agent rankings includes At the Market. Data is for closed and definitive agreement transactions reported as of 07/22/2019.
The Q2 2019 U.S. Structured Equity Line Market
SEL Investor League Table by Number of Transactions:
|
| Investor
| Transaction Count
| Commitment Amount
| Lincoln Park Capital
| 7
| $117,000,000
| Oasis Capital LLC
| 5
| $34,825,000
| Aspire Capital Partners, Inc.
| 3
| $70,000,000
| GHS Investments LLC
| 2
| $9,000,000
| Azure Capital Partners
| 1
| $10,000,000
| Cavalry Fund
| 1
| $10,000,000
| K&J Funds, LLC
| 1
| $20,000,000
| TRITON FUNDS LLC
| 1
| $3,000,000
| Zesiger Capital Group, LLC
| 1
| $2,400,000
|
SEL Investor rankings includes Structured Equity Lines. Data is for closed and definitive agreement transactions reported as of 07/22/2019.
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 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. For more information, please visit the Financial Intelligence website.
Company Contact:
Suzanne Chaves
(617) 722-4622
[email protected]
www.PlacementTracker.com
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