PIPE Deals Positioned to Soar in 2017 with Trump Deregulation Gift

NEW YORK, Jan. 13, 2017

"Last year's private-investment-in-public-equity market provided a venue for deals that represented the formation of over $78 billion in capital. The year's PIPEs raised more capital than in any other year since 2008. On both a quarter-over-quarter and year-over-year basis, 2016 represented an uptick in deal flow and dollars raised," said Paul Springer, senior reporter at The Deal. "Many market players have told The Deal that the incoming administration and its new Securities and Exchange Commission pick are likely to make this year even better."

Some highlights from the report:

• 2016 PIPEs raised more capital in a year since 2008
• More than $20 billion raised in fourth quarter
• Sabby Management LLC was the top-ranked investor in the fourth quarter by number of investments, with 10 deals. Heights Capital Management Inc. ranked second, with eight deals. Empery Asset Management LP ranked third, with six deals.
• H.C. Wainwright & Co. was the top-ranked placement agent in the fourth quarter by number of placements, with 17 deals for the quarter. Roth Capital Partners LLC ranked second, with 16. Wells Fargo Securities LLC, Jefferies Group LLC, Stifel, and Maxim Group LLC ranked third, with nine placements.

The full report is available online. For more information on The PIPEs Report and PrivateRaise, visit http://www.thedeal.com/the-deal/the-pipes-report/ and www.privateraise.com. 

About The Deal 
The Deal (www.thedeal.com) provides actionable, intraday coverage of mergers, acquisitions and all other changes in corporate control to institutional investors, private equity, hedge funds and the firms that serve them. The Deal is a business unit of TheStreet, Inc. (NASDAQ: TST, www.t.st), a leading financial news and information provider. Other business units include TheStreet (www.thestreet.com), which is celebrating its 20^th year of producing unbiased business news and market analysis; BoardEx (www.boardex.com), the leading relationship mapping service of corporate directors and officers; and RateWatch (www.rate-watch.com) which supplies rate and fee data from banks and credit unions across the U.S.

Contact: Jon Kostakopoulos, 212-321-5561, Jon Kostakopoulos at thestreet.com