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Press ReleaseSource: Sagient Research Systems
 
PlacementTracker Publishes Q2 2004 PIPE Market League Tables
Tuesday July 27, 8:00 am ET
 

San Diego – July 27, 2004- Sagient Research Systems (OTCBB: SRYS), a leading publisher of independent research for the financial services and institutional investment communities, today announced that Roth Capital Partners, LLC ranked as the #1 investment bank in the PIPE market in the second quarter of 2004 for both total dollars raised and number of transactions.  Laurus Funds topped the list of most active institutional investors during the second quarter of 2004.

 

PlacementTracker, a flagship product of Sagient Research Systems, is well recognized as the leading provider of research, data, and analytics covering the PIPE market.

 

Commenting on the League Tables, Robert F. Kyle, executive vice president of Sagient Research said, “In the second quarter, the PIPE market experienced a slight slow-down from the brisk activity of the previous three quarters.  We believe that the weakness and low liquidity in the general market were the main catalysts for the decreased activity, although we point out that second quarter deal count and total investment amount increased by 60% and 40% respectively over the second quarter of 2003.  As always, we congratulate all of the active agents and investors in the PIPE market for a tremendous second quarter, especially those leaders who topped the League Tables.  Many of these firms are long-time clients of PlacementTracker, and we look forward to continuing to provide them with industry leading data, research, and analytics to help keep them on top of this market.”

 

PlacementTracker’s dynamically updating League Tables are now available online at: http://www.sagientresearch.com/pt/leaguetables.cfm.

 

The Q2 2004 PIPE Market Investment Banking League Table

By Dollar Amount Raised:

 

Placement Agent Name

Transaction Count

Total Amount Raised

Roth Capital Partners, LLC

9

$111,648,696

The Chesapeake Group, Inc.

1

$104,400,000

Alvarez & Marsal, LLC.

1

$104,400,000

Banc of America Securities, LLC.

2

$102,345,000

Rodman & Renshaw, LLC.

8

$82,930,944

J.P. Morgan Chase & Co.

3

$82,298,987

SG Cowen & Co., LLC.

3

$79,156,104

Sterne, Agee & Leach, Inc.

1

$72,000,000

UBS Investment Bank

3

$60,094,002

C.E. Unterberg, Towbin

4

$54,903,400

Tejas Securities Group, Inc.

2

$53,182,505

Thomas Weisel Partners, LLC.

4

$52,589,860

Credit Suisse First Boston Corp.

1

$40,000,001

SCO Financial Group, LLC.

3

$38,855,333

ThinkEquity Partners

2

$36,837,000

JMP Securities, LLC.

2

$36,037,000

H.C. Wainwright & Co. Inc.

7

$32,072,492

Emerging Growth Equities, Ltd.

2

$30,250,002

Imperial Capital, LLC.

1

$29,000,000

Oppenheimer & Company, Inc.

2

$27,592,500

Financo, Inc.

1

$27,179,515

Duncan Capital, LLC.

5

$26,102,970

CIBC World Markets

1

$25,957,000

CRT Capital Markets, LLC.

2

$25,521,033

Granite Financial Group, Inc.

3

$24,925,004

 

Investment Banking rankings exclude all Equity Line of Credit transactions and all PIPE transactions conducted by Canadian domiciled issuers.  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 as reported as of 7/26/04.

 

The Q2 2004 PIPE Market Investment Banking League Table

By Number of Transactions:

 

Placement Agent Name

Transaction Count

Total Amount Raised

Roth Capital Partners, LLC.

9

$111,648,696

Rodman & Renshaw, LLC.

8

$82,930,944

H.C. Wainwright & Co., Inc.

7

$32,072,492

Duncan Capital, LLC.

5

$26,102,970

C.E. Unterberg, Towbin

4

$54,903,400

Thomas Weisel Partners, LLC.

4

$52,589,860

J.P. Morgan Chase & Co.

3

$82,298,987

SG Cowen & Co., LLC.

3

$79,156,104

UBS Investment Bank

3

$60,094,002

SCO Financial Group, LLC.

3

$38,855,333

Granite Financial Group, Inc.

3

$24,925,004

Burnham Hill Partners

3

$23,776,437

Olympus Securities, LLC.

3

$15,159,605

The Shemano Group, Inc.

3

$10,493,399

Maxim Group, LLC.

3

$7,500,000

J.P. Turner & Co.

3

$6,181,488

Banc of America Securities, LLC.

2

$102,345,000

Tejas Securities Group, Inc.

2

$53,182,505

ThinkEquity Partners

2

$36,837,000

JMP Securities, LLC.

2

$36,037,000

Emerging Growth Equities, Ltd.

2

$30,250,002

Oppenheimer & Company, Inc.

2

$27,592,500

CRT Capital Markets, LLC.

2

$25,521,033

HPC Capital Management Corporation

2

$24,888,400

Griffin Securities, Inc.

2

$20,500,000

 

Investment Banking rankings exclude all Equity Line of Credit transactions and all PIPE transactions conducted by Canadian domiciled issuers.  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 as reported as of 7/26/04.

 

The Q2 2004 PIPE Market Institutional Investor League Table

By Number of Transactions:

 

Investor Name

Transaction Count

Total Amount Invested

 Laurus Funds

25

$82,450,000

Vertical Ventures Investments, LLC.

24

$24,432,598

 Omicron Capital, L.P.

24

$15,883,619

 LH Financial Services Corporation

22

$12,013,550

 Highbridge International, LLC.

20

$54,545,687

 DKR Management Company, Inc.

20

$13,700,683

 Downsview Capital, Inc.

19

$16,111,409

 Staro Asset Management, LLC.

16

$20,158,318

 Bristol Capital Advisors, LLC.

14

$6,552,007

 SRG Capital, LLC.

14

$2,845,349

 

Investor rankings exclude all Equity Line of Credit transactions and all PIPE transactions conducted by Canadian domiciled issuers.  Investors classified as Corporate Investors and Insurance Companies have been excluded from this ranking.  Data is as reported as of 7/26/04.

 

About Sagient Research Systems

Sagient Research Systems is a publisher of independent research.  We develop, produce, and sell proprietary research products to mutual funds, hedge funds, and investment banks.  Our business strategy is to continue to leverage our development, technology, and marketing expertise to solidify our position as a leading provider of independent research to the financial services and institutional investment communities.  For more information, please visit the Sagient Research Systems website at www.sagientresearch.com.

 

Safe Harbor Statement

Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.  In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “will,” or “plans” to be uncertain and forward-looking.  The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s reports and registration statements filed with the Securities and Exchange Commission.

 


Source: Sagient Research Systems