BOSTON, January 11, 2012 – Goodwin Procter LLP, a national Am Law 50 firm, led PrivateRaise’s 2011 “Top 25 PIPE Placement Agent Law Firms” League Table based on total deal volume and topped PlacementTracker’s “The 2011 PIPE Market Placement Agent Counsel” League Table based on total aggregate deal value.
According to PrivateRaise, Goodwin ranked first in volume, advising on 34 transactions totaling more than $820 million in value.
On Sagient Research Systems’ PlacementTracker, Goodwin led all firms in aggregate deal value, with 33 transactions totaling more than $806 million.
“Topping these league tables is a testament to our ability to add value to our clients on these transactions. The PIPEs market should remain robust throughout 2012. As we continue to build and strengthen our practice, we look forward to once again being one of the most active law firms operating in this space.” said Michael Maline, a partner in Goodwin’s Corporate and Technology Companies/Life Sciences Groups.
PIPE (private investment in public equity) transactions provide smaller and mid-sized public companies with a lower-cost and more efficient means of raising capital, when compared to more traditional forms of equity financing such as secondary offerings.
Attorneys in Goodwin Procter’s Securities & Corporate Finance, Technology Companies and Private Equity Practices actively represent a variety of issuers, investors, underwriters and placement agents in PIPE transactions and provide ongoing advice to clients as they access the capital markets to expand business, provide owner liquidity and achieve long-term objectives. Industries represented include cleantech, life sciences and technology.
PlacementTracker, a flagship product of Sagient Research Systems, and PrivateRaise, a product of DealFlow Media, deliver research and database solutions to investment managers, banks, public corporations, law firms and financial companies worldwide. Their League Tables contain rankings for all deal participants active in the marketplace. To view the League Tables, click here and here.
About Goodwin Procter
Goodwin Procter LLP is one of the nation’s leading law firms, with offices in Boston, Hong Kong, London, Los Angeles, New York, San Diego, San Francisco, Silicon Valley and Washington, D.C. The firm provides corporate law and litigation services, with a focus on matters involving real estate, REITs and real estate capital markets; private equity; technology companies; financial services; intellectual property; products liability and mass torts; and securities litigation and white collar defense. Information may be found at www.goodwinprocter.com. Follow us on Twitter @GoodwinProcter.