ROSELAND, N.J., April 27, 2011 /PRNewswire/ --
Lowenstein Sandler ranks among the most active law firms in the 1Q11 Private Investment in Public Equity (PIPE) marketplace, according to two leading league tables. The firm is listed second among law firms nationally for transactions it handled on behalf of placement agents, and sixth among law firms nationally for transactions it handled on behalf of investors, according to PrivateRaise. Lowenstein ranks fourth among law firms nationally for the number of transactions it handled on behalf of both placement agents and investors, according to PlacementTracker.
From January 1 to March 31, 2011 Lowenstein Sandler advised placement agents on seven PIPE deals totaling $87.22 million. The firm also advised investors on four PIPE deals totaling $35.17 million.
"We are pleased to help our clients get off to such a strong start this year, and gratified that they continue to put their trust in our skill and client service," said Steven E. Siesser, Chairman of Lowenstein Sandler's Specialty Finance Group.
PrivateRaise is the leading source for data and analysis of PIPEs, Reverse Mergers, and Special Purpose Acquisition Companies (SPACs). The service simplifies researching these investment structures and the entities associated with these transactions including investors, placement agents, and law firms. PrivateRaise also offers a comprehensive database of alternative public offering transactions and a proprietary directory of market participants.
PlacementTracker is a leading provider of research, data, and analytics covering the PIPE market. It is a flagship product of Sagient Research Systems, publisher of independent research products for mutual funds, hedge funds, and investment banks.
About Lowenstein Sandler's Specialty Finance Group
Lowenstein Sandler's specialty finance lawyers handle mergers and acquisitions, acquisition financing, PIPEs, SPACs and other corporate finance matters for investment funds, leading national investment banks, and issuers, in deals worldwide. Lowenstein Sandler has counseled its clients on more than $4 billion in PIPE transactions since 2007, maintaining its ranking among the nation's top firms representing investors and placement agents in PIPEs, according to The PIPES Report, PrivateRaise.com and PlacementTracker.
About Lowenstein Sandler
Lowenstein Sandler PC is a nationally recognized corporate law firm with offices in New York, Palo Alto and Roseland, with approximately 270 attorneys providing a full range of legal services. The firm's commitment to its clients is demonstrated through its client-centered, service-oriented culture. Lowenstein Sandler attorneys are regularly recognized for excellence by clients and peers in national publications, including The Best Lawyers in America, Chambers USA: America's Leading Lawyers for Business and The Legal 500.
SOURCE Lowenstein Sandler