Stocks & Investing
Stocks and Investing
Stocks and Investing
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Tue, January 13, 2009 Merriman Curhan Ford a Top Investment Banking Placement Agent by Deal Volume in 2008
SAN FRANCISCO--([ BUSINESS WIRE ])--Merriman Curhan Ford (NASDAQ:MERR) announced today that it ranked fifth among investment banks for U.S. private investment in public equity (PIPE) deal volume in 2008, according to PlacementTracker1.
For the year, Merriman completed 11 PIPE transactions and placed more than $225 million for its clients. The firm's PIPE deal volume ranking improved from seventh place among investment banking placement agents in 2007.
"Our 2008 PIPE ranking clearly demonstrates that the worst financial crisis in a century did not stop our team from pushing hard and completing transactions on our clients' behalf," said Jon Merriman, chief executive officer of Merriman Curhan Ford. "We have consistently ranked in the top eight among U.S. investment banks in terms of PIPE volume since our inception nearly seven years ago, while also establishing a broad range of investment banking expertise – from PIPEs and follow-ons to M&A and IPOs. I believe PIPEs will continue to be a solid source of funding for fast-growing companies seeking capital in a difficult environment."
PlacementTracker, a flagship product of Sagient Research Systems, is well recognized as the leading provider of research, data, and analytics covering the PIPE market.
About Merriman Curhan Ford
Merriman Curhan Ford ([ NASDAQ: MERR ]) is a financial services firm focused on fast-growing companies and the institutions who invest in them. The company offers high-quality investment banking, equity research, institutional services, primary market research, corporate & executive services, asset management and venture services, and specializes in three growth industry sectors: CleanTech, Consumer/Internet/Media and Health Care. For more information, please go to [ www.mcfco.com ].
About Sagient Research Systems
Sagient Research Systems is a publisher of independent research. It develops, produces, and sells proprietary research products to mutual funds, hedge funds, and investment banks. Its business strategy is to continue to leverage the development, technology, and marketing expertise to solidify its position as a leading provider of independent research to the financial services and institutional investment communities. In September 2007, Sagient Research was named to the inaugural Inc. 5000 list of fastest growing companies. For more information, please visit the Sagient Research Systems website at [ www.sagientresearch.com ].
Note to Investors
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-Q filed on November 10, 2008. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
1 Investment Banking rankings exclude all 144-A Offerings, Reg S Placements, Equity Lines of Credit, and all PIPE transactions conducted by Canadian issuers that trade in the U.S. on the PinkSheets. On transactions where an investment banking firm has acted solely as Financial Advisor, that transaction has been excluded from that firm's ranking. Co-agented transactions award full transaction credit to all agents participating (regardless of status of lead agent or co-agent). Data is for closed transactions reported as of 1/6/09.
