Andrew Ray is the leader of the firm’s interdisciplinary corporate practice in Washington, DC, where he represents public and private companies, financial sponsors, and management teams in a broad range of industries, including technology, financial services, life sciences, real estate, and the not-for-profit sector. Various industry publications recognize Andy as a leader in both M&A and in communications law, among other fields. He recently led the team representing Oculus VR in 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 finance. He also previously served as a clerk to Judge James M. Sprouse of the United States Court of Appeals for the Fourth Circuit.
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 co-developer in a $1 billion financing to build the largest new power plant in New York City in 25 years
Represented government contractors AppTek Partners and its affiliates in connection with the sale of certain of their artificial intelligence technology, IP and other assets to eBay, Inc.
Represented Fibertech Networks, a Nautic Partners and Ridgemont Equity Partners portfolio company, in its $500 million sale to Court Square Capital
Represented Harbinger Capital Partners, the largest shareholder of TerreStar Corporation (NASDAQ: TSTR), in connection with its $300 million financing and 1.4 Ghz spectrum acquisition from Harbinger and EchoStar Corporation
Represented the special committee of the board of directors of Inter-Tel Inc., in its response to an unsolicited acquisition offer from a hedge fund
Represented “smart grid” technology provider Current in connection with its acquisition by Spanish transmission equipment provider Ormazabal
Represented flexible battery developer Flexel, LLC in connection with its strategic growth financing
APX Labs, Inc.
China Investment Corporation
The George Washington University
The Gores Group
Juggernaut Capital Partners
Link Labs, Inc.
Oculus VR, LLC
Qx Branch, LLCPerthera, Inc.
Waterfall Asset Management
Wood Creek Capital
Duke University, 1991, Master of Arts
Duke University School of Law, 1991, Juris Doctor
Georgetown University, 1988, Bachelor of Arts
District of Columbia
Awards and Affiliations
Notable Practitioner, IFLR1000 Financial and Corporate (2019)
Notable Practitioner, IFLR1000 United States (2018)
Bar Association of the District of Columbia
Best Lawyers, Communications Law (2009–2017)
Super Lawyers, Mergers & Acquisitions, Washington D.C. (2012–2016)
Legal 500, Recommended for Middle Market M&A ($500 million – $999 million) (2011)
Represented Petfinder in its $35 million sale to Discovery Communications, an Advertising Age “Top Ten New Media Deal of the Year” (2006)
Represented Covega Corp in its $27.6 million Series B financing from Kinetic Ventures, Boulder Ventures and Core Capital Partners, Washington Business Forward’s “Deal of the Year” (April 2002)