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PlacementTracker Publishes Q2 2019 PIPE and Private Placement Markets League Tables
[July 23, 2019]

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.

(PRNewsfoto/PlacementTracker)

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
suzanne.chaves@informa.com
www.PlacementTracker.com

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SOURCE PlacementTracker


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