NEW YORK, April 20, 2017 /PRNewswire/ -- The Deal (a business unit of TheStreet, Inc., NASDAQ: TST) issued its quarterly PIPE league tables today, revealing that 2017's first quarter outperformed last year's first quarter. Deals were up nearly 75% from the previous year to 367, while dollars raised were up almost 70% to $21.3 billion. Data is sourced from PrivateRaise, a service of The Deal, which tracks PIPEs that raise at least $1 million.

"The PIPEs market continued to thrive in the first quarter, trouncing the same period last year and edging out the last quarter of 2016 as one of the few quarters on record that generated more than $21 billion in deals," said Paul Springer, senior reporter at The Deal. "As the year unfolds, expect to see more activity among small cap energy companies and more restructuring of existing deals to reduce warrant overhang and derivative liabilities that can distort financial results and scare off new investors."

Some highlights from the report:


    --  Q1 2017 PIPEs deals were up nearly 75% from the same time last year
    --  More than $21 billion raised in first quarter
    --  Sabby Management LLC was the top-ranked investor in the first quarter by
        number of investments, with 10 deals. Empery Asset Management LP and
        IntraCoastal Capital LLC tied for second, with seven deals. Ares
        Management LP and Heights Capital Management Inc. tied for fourth, with
        five deals.
    --  H.C. Wainwright & Co. was the top-ranked placement agent in the first
        quarter by number of placements, with 30 deals for the quarter. Roth
        Capital Partners LLC and Maxim Group LLC ranked second, with 11. Cowen
        and Company LLC ranked fourth, with 10 placements.
    --  Cooley LLP was the top-ranked issuer legal counsel with 14 placements
        advised. Vinson & Elkins LLP came in second with nine. Latham & Watkins
        LLP, Hogan Lovells, and DLA Piper tied for third with eight placements
        advised.
    --  Ellenoff Grossman & Schole LLP was the top-ranked investor legal
        counsel, with nine placements advised. Latham & Watkins LLP came in
        second with five. Gibson, Dunn & Crutcher LLP, Schulte Roth & Zabel LLP,
        Lowenstein Sandler LLP, and Grushko & Mittman PC tied for third, with
        three placements advised.
    --  Ellenoff Grossman & Schole LLP was the top-ranked agent legal counsel
        with 20 placements advised. Goodwin Procter LLP and Mintz, Levin, Cohn,
        Ferris, Glovsky and Popeo PC tied for second with seven placements
        advised. Latham & Watkins LLP came in fourth with six placements
        advised.

The full article is available online. For more information on The Deal's 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

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SOURCE TheStreet, Inc.