Rodman & Renshaw is expanding its capital markets and research platforms to include community and regional banks, a sector that the placement agent has yet to breach despite securing $4.4 billion in 277 PIPE facilitations for issuers since 2002. Full Story
Noting the increasing instances of private equity funds entering into PIPEs, Deloitte's Merger & Acquisitions Services has highlighted the accounting concerns of issuers in preferred stock deals in its June newsletter. Full Story
Four active PIPE investors plowed $40 million into A-Power Energy Generation Systems to fund the Chinese energy company's expansion efforts. Full Story
Shares of vaccine developer Novavax Inc. rose 31% after the company announced a licensing agreement and PIPE investment, both involving Madrid's Laboratorios Farmacéuticos Rovi (ROVI). Full Story
Executives of defunct medical finance company DVI Inc. misled banks about the value of collateral it pledged on loans from 1999 through 2003, according to regulators. Full Story
Principals of Ram Capital Resources were so involved in structuring deals they invested in that they should have registered the firm as a broker-dealer, according to the Securities and Exchange Commission. Full Story
Private equity firm BC Partners bought a 20% stake in Office Depot for $350 million, bolstering the office supply store's balance sheet after losses and a decline in sales. Full Story
BlackRock Inc., a New York-based investment firm, will privately place $2.8 billion to finance part of its $13.5 billion acquisition of Barclays Global Investors. Full Story
Two former Quest Resource Corp. executives embezzled at least $11.8 million from the company from 2004 through 2008, according to a lawsuit filed by the Securities and Exchange Commission. Full Story
CB Richard Ellis, one of three large commercial real estate service providers in the U.S., has agreed to sell 13.4 million common shares to Paulson & Co. for $100 million in a private placement. Full Story
Stock Surge Helps Companies Eliminate Debt
As the stock market surges, more companies are issuing private placements to pay off maturing or high-interest debt. Full Story
New Regime to Put Stamp on Market
New political leadership at the Securities and Exchange Commission is only weeks away from adopting new regulations meant to stop abusive short selling and delivery failures. The decisions range from reinstating the uptick rule to making temporary rules on close-outs of short sales permanent. The rulings will mark the commission's first major foray into regulating the markets since the presidential election. Full Story
At least 10 ethanol producers have declared bankruptcy this year, and Pacific Ethanol's bankruptcy filing in May added to a growing list of PIPE-financed biofuel makers that have gone out of business since ethanol began attracting investor attention a few years ago. Many have left substantial debt overshadowing the value of production facilities and other assets available for liquidation. Full Story
- Cowen to Combine with Ramius
- Pink Sheets Warns about Short Sale Reforms
- Spain's Claim to Treasure Sinks PIPE Issuer's Stock
- Fuel Cell Maker Agrees to $25M PIPE
- FINRA Fines Agent, Clearing Firm
- Clean Coal Claims Shell Status and Sues to Block Share Sale
- JPMorgan Completes Highbridge Acquisition
- Hirings & Firings


