Andrew Ray represents public and private companies, financial sponsors, investors, including venture capital and private equity firms, entrepreneurs and management teams in cross-border mergers and acquisitions (M&A), financings, and growth equity transactions. He has transactional experience in a broad range of industries, including technology, financial services, government contracts, life sciences, real estate, energy and the not-for-profit sector. Various industry publications and credentialing organizations recognize Andy as a leader in both M&A and in technology, media, and communications law, among other fields. Andy serves as a co-leader of the firm’s financial technology (fintech) industry team, and he previously served as the leader of the firm’s interdisciplinary corporate practice in Washington, DC.
Among other high profile transactions, Andy led the team representing Oculus VR from its initial formation through its $2 billion sale to Facebook, which was named the M&A Advisor M&A Deal of the Year.
Andy writes and speaks frequently on topics that include corporate finance, private equity, technology, M&A, corporate governance, and cross-border deals.
Represented Waterfall Asset Management and its affiliates in connection with their acquisition of CIT Group’s $2 billion small business lending platform
Represented Oculus VR in its definitive agreement to be acquired by Facebook for approximately $2 billion
Represented Platinum Equity in connection with its acquisition of Securus Technologies for $2 billion
Represented PAE Incorporated in its $1.9 billion sale to Amentum Government Services Holdings LLC
Represented Cogeco Communications, Inc. and Atlantic Broadband in the $1.1 billion acquisition of the Ohio cable systems of WideOpenWest, Inc.
Represented Atlantic Broadband, a subsidiary of Cogeco Communications Inc., in its $1.125 billion acquisition of WideOpenWest Inc.'s (WOW) broadband systems in Ohio
Represented co-developer in a $1 billion financing to build the largest new power plant in New York City in 25 years
Represented Southern Light in its $700 million sale to Uniti Group
Represented Fibertech Networks, a Nautic Partners and Ridgemont Equity Partners portfolio company, in its $500 million sale to Court Square Capital
Represented PAE, Inc., in its $200 million acquisition of government contractor Centra Technology, Inc.
Represented Smart Wires Inc. in a series of related transactions including a private placement of ordinary shares of Smart Wires Technology Ltd, a newly formed British Virgin Islands parent holding company (SWT), for aggregate proceeds of approximately $150 million, and the subsequent direct listing of Swedish depository receipts representing SWT ordinary shares on the NASDAQ First North Growth Market Exchange in Sweden
Represented Hawaiian Telcom in its $50 million acquisition of the inter-island submarine and middle-mile terrestrial fiber infrastructure assets owned by the bankruptcy estate of the Paniolo Cable Company
PLEZi Nutrition, a company selling food and drinks intended to be healthier for children, in its formation, financing, and governance matters, as well as ongoing commercialization and FDA regulatory work
ImOn Communications, LLC, a fiber-to-the-premises broadband company, in its sale to the infrastructure investing business within Goldman Sachs Asset Management
Represented IQ Fiber LLC in its sale of a majority interest to SDC Capital Partners
Represented Grain Management LLC in its acquisition of Young’s Communications LLC
Represented Upskill in its sale to TeamViewer
Represented EMG International LLC in the equity investment by TransAlta Renewables Inc.
Represented TalkToMira Inc. in its series seed financing round from Flybridge Capital Partners, Newark Venture Partners, City Light Capital, Plug and Play Ventures, Precursor Ventures, and individual investors
Represented QxBranch in its sale to Rigetti Computing
Represented International Code Council in its purchase of all of the assets of NTA Inc.
Represented E. Ritter and Company in its sale of a majority stake in Ritter Communications to Grain Management
Represented Link Labs Inc. in the sale of its Iota Link to Iota Communications Inc.
Represented Atlantic Broadband in its acquisition of Thames Valley Communications
Represented Diamond V Mills in its sale to Cargill
Represented RPP Corp in its sale to Emerson Electric
Represented Young's Communications, LLC, a subsidiary of Grain Management, LLC, in its acquisition of Fiber Optic Services, a provider of technical services to the telecommunications industry
Represented Young Communications, LLC, a portfolio company Grain Management, LLC, in its acquisition of Atlantic Engineering Group, a high-growth construction services provider to the telecommunications industry
Represented Grain Management in its acquisition of LightRiver’s Technologies & Software entities, comprising a premier optical network integration solution provider to the telecommunications, utilities, datacenter and cloud industries
Represented ImOn Communications, LLC, a fiber-to-the-premises broadband company, in its sale to the infrastructure investing business within Goldman Sachs Asset Management
Represented PLEZi Nutrition, a company selling food and drinks intended to be healthier for children, in its formation, financing and governance matters, as well as ongoing commercialization and FDA regulatory work
Cogeco Communications, Inc. (XTSE: CGO)
College Ave Student Loans
The George Washington University
Icon Infrastructure Funds
The International Code Council
Juggernaut Capital Partners
PAE, Inc. (NASDAQ: PAE)
Petros Pharmaceuticals, Inc. (NASDAQ: PTPI)
Zoa Energy, LLC
Duke University, 1991, Master of Arts
Duke University School of Law, 1991, Juris Doctor
Georgetown University, 1988, Bachelor of Arts
District of Columbia
Clerkship to Judge James M Sprouse of the US Court of Appeals for the Fourth Circuit (1991 - 1992)