The international law firm Proskauer Rose LLP was ranked the most active placement agent counsel in the U.S. Private Investments in Public Equity (PIPEs) market for the first half of 2009.
The ranking, by independent investment research publisher Sagient Research Systems, reported that Proskauer led the nation by closing 12 PIPEs and/or Registered Direct Offerings (RDOs) valued at a total of more than $280 million. This was more than double the amount advised by the next ranked placement agent counsel.
Proskauer also ranked second in PrivateRaise's second quarter league tables for PIPEs placements, with ten deals totaling $190.22 million.
Sagient's PlacementTracker is recognized as the leading provider of research, data and analytics covering the PIPE market.
PrivateRaise is the leading source for comprehensive analysis of PIPEs and RDOs
In a move that signals the continued expansion of its private investment fund formation and related transactional practices, Proskauer Rose is proud to announce that Caroline Chabrerie has joined the firm as a partner in Paris. She arrives with Christophe Baert, who joins as a senior associate.
Ms. Chabrerie and Mr. Baert join Proskauer from SJ Berwin. Ms. Chabrerie focuses her practice on private investment fund formation, venture and growth capital transactions, secondary transactions and capital markets as well as executive profit-sharing plans, spin-outs from investment funds and management, and stock exchange law. Mr. Baert's practice is primarily centered on fund formation and capital investment transactions in addition to secondary deals and structuring of management companies.
The addition of Ms. Chabrerie and Mr. Baert to Proskauer's Paris office is the latest development in the firm's ever-expanding representation of the private equity community. In 2008, the firm represented sponsors in closing more than 125 funds with over $30 billion in committed capital and closed more than 450 investments in all types of funds, representing well over $19 billion. In addition, the firm advised clients in numerous fund restructurings in the last year and negotiated and closed well over 100 secondary transactions, ranging from the sale of a single partnership interest to bulk portfolio purchases and sales with aggregate transaction values in excess of $1 billion.