Equity Origination

BB&T Capital Markets bankers are interested in your long-term success—not just the transaction.

Our Equity Origination team provides the expertise and market intelligence to assist with structuring and optimal distribution of all equity and equity-linked securities, including IPOs, fully marketed and overnight follow-on offerings, at-the-market offerings (ATMs), convertible debt and preferred stock, and private investments in public entities (PIPEs). We collaborate with our industry investment bankers, Institutional Sales & Trading team and BB&T Scott & Stringfellow Private Client Group to help you articulate your story to investors and price your equity transaction fairly and effectively. Our goal is to demystify the entire deal-cycle process for you and your board, create the highest possible level of demand among long-term investors, and to position your company in the market for long-term ownership with investors who will grow with you.

Our effectiveness has made us the go-to firm for a broad array of middle market and larger companies. In one sector alone—the Automotive Aftermarket—BB&T Capital Markets has managed every public equity offering from 2009 through the end of 2012.

Our corporate services desk provides a full array of services to our corporate clients including 144 sales, stock buybacks and various equity strategies tailored to the specific needs of holders of closely held stocks.

 

We have helped our middle market clients bring more than $34 billion in public stock offerings to market since 2003

  • Bluerock Residential Growth REIT, Inc. (NYSE: BRG)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the fourth quarter of 2014, helping to raise $31,410,252 for our client. The Company intends to use net proceeds from this offering to acquire an estimated 90% interest in Venue Apartments, future acquisitions and for general corporate and working capital purposes. The Company has granted the underwriters a 30-day option to purchase an additional 412,500 shares at the public offering price to cover over-allotments, if any.

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  • Fidus Investment Corporation (NASDAQ GS: FDUS)

    Fidus Investment Corporation (NASDAQ GS: FDUS) BB&T Capital Markets’ Financial Services Group completed a transaction for a Business Development Company (“BDC”) in the third quarter of 2014, helping to raise $34,000,000 in gross proceeds for our client. The Company intends to use the net proceeds from this offering to make investments in lower middle-market companies in accordance with its investment objective and strategies and for working capital and general corporate purposes. The Company has granted the underwriters a 30-day option to purchase an additional 300,000 shares at the public offering price to cover over-allotments, if any.

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  • Martin Midstream Partners, LP. (NASDAQ: MMLP)

    BB&T Capital Markets Energy Group completed a transaction for a midstream hydrocarbon MLP in the third quarter of 2014, in an equity offering worth $127,339,500. The Partnership intends to use the net proceeds from the offering to repay outstanding indebtedness incurred under its revolving credit facility and for general partnership purposes. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 450,000 units.

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  • CONE Midstream Partners, LP. (NYSE: CNNX)

    BB&T Capital Markets Energy Group completed a transaction for a midstream MLP in the third quarter of 2014, in an equity offering worth $442,750,000. This transaction represents the sale of a portion of the Joint-Venture interests of the partnership’s financial sponsors: CONSOL Energy Inc. and Noble Energy Inc. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 2,625,000 units.

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  • Vanguard Natural Resources, LLC (NASDAQ GS: VNR)

    BB&T Capital Markets’ Debt & Equity Origination Groups completed a transaction for a natural gas & oil exploration & production company in the third quarter of 2014, helping to raise $100,000,000 in gross proceeds for our client. The Company has applied to list the perpetual preferred shares on the NASDAQ GS to trade under the symbol “VNRCP.” The Company intends to use the net proceeds from this offering to repay a portion of outstanding indebtedness under its credit facility, which was incurred in part to fund recent acquisitions, including the Hunt Gulf Coast Acquisition.

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  • Health Care REIT, Inc. (NYSE: HCN)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2014, helping to raise $988,125,000 for our client. The Company intends to use net proceeds from this offering to repay advances under its primary unsecured credit facility and for general corporate purposes, including investing in health care and senior housing properties.

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  • Summit Midstream Partners, L.P. (NYSE: SMLP)

    BB&T Capital Markets Equity Origination Group completed a transaction for a natural gas midstream MLP in the third quarter of 2014, in an equity offering worth $234,260,865. This transaction represents a continued sale of the interests of the partnership’s majority owners, Energy Capital Partners and GE Energy Financial Services.

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  • Triangle Capital Corporation (NYSE: TCAP)

    BB&T Capital Markets’ Financial Services Group completed a transaction for a Business Development Company (“BDC”) in the third quarter of 2014, helping to raise $132,773,250 in gross proceeds for our client. The Company intends to use the net proceeds from this offering to make investments within its objectives and strategies and for general working capital purposes. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 645,000 shares.

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  • Spark Energy Inc. (NASDAQ: SPKE)

    BB&T Capital Markets Equity Origination Group completed an IPO for a retail energy services provider in the third quarter of 2014, in an equity offering worth $54,000,000. This transaction represents the sale of interest of the company’s founder and sole proprietor. The company and its underwriters utilized the ‘Up-C’ corporate structure in the execution of the IPO.

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  • Ramco-Gershenson Properties Trust (NYSE: RPT)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2014, helping to raise $113,505,000 for our client. The Company intends to use net proceeds from this offering to repay debt and other general corporate purposes, including financing the planned acquisition of the Buttermilk Towne Center in Crescent Springs, Kentucky. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 900,000 shares.

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  • TreeHouse Foods, Inc. (NYSE: THS)

    BB&T Capital Markets’ Food & Agribusiness Group completed a transaction for a food manufacturer and distributor in the third quarter of 2014, in an equity offering worth $325,000,000. The Company intends to use the net proceeds from the offering to finance a portion of the acquisition of Flagstone Foods, a manufacturer and distributor of snacks and dried fruits, which the Company expects to close in the third quarter of 2014. TreeHouse plans to finance the remaining portion of the acquisition through borrowings under its existing credit agreement.

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  • Hercules Technology Growth Capital, Inc. (NYSE: HTGC)

    BB&T Capital Markets’ Financial Services Group completed a transaction for a Business Development Company (“BDC”) in the third quarter of 2014, helping to raise $100,000,000 in gross proceeds for our client. The Company intends to list the fixed-rate, senior notes (“Notes”) on the NYSE to trade under the symbol “HTGX.” The Company intends to use the net proceeds from this offering to fund investments in debt and equity securities in accordance with investment objectives and for general corporate purposes.

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  • Macquarie Infrastructure Company LLC (NYSE: MIC)

    BB&T Capital Markets’ Commercial & Industrial Group completed a transaction for an infrastructure holding company in the third quarter of 2014, in an equity offering worth $764,750,000. The Company intends to use the net proceeds from the offering to finance the cash consideration for the acquisition of remaining interest of International-Matex Tank Terminals. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,500,000 shares.

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  • Materialise NV (NASDAQ GS: MTLS)

    BB&T Capital Markets’ Aerospace & Technology Group completed a transaction for a 3-D printing software company in June 2014, in an equity offering worth $96,000,000. The Company intends to use the net proceeds from the offering to expand 3D printing service center capacity, increase sales and marketing teams, fund additional research and development, and for general corporate purposes.

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  • Emerge Energy Services, L.P. (NYSE: EMES)

    BB&T Capital Markets Equity Origination Group completed a transaction for a frac sand MLP in the second quarter of 2014, in an equity offering worth $383,388,215. This transaction represents a continued sale of the interests of the partnership’s private equity sponsor, Insight Equity.

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  • Installed Building Products, Inc. (NYSE: IBP)

    BB&T Capital Markets’ Commercial & Industrial Group completed a transaction for a building products company in June 2014, in an equity offering worth $101,250,000. This transaction represents a continued sale of the interests of the company’s private equity sponsors, who were all long-term investors prior to the IPO.

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D. Reid BurfordHead of Corporate Equity ServicesEquity Capital Markets804-782-8700email Download My vCardView Bio
Michael EssexManaging Director Equity Capital Markets Origination804-780-3229email Download My vCardView Bio
Eric WatsonSyndicate ManagerEquity Capital Markets804-780-3228email Download My vCardView Bio