Andrew M. Ray

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.

X: @AMRayEsq

Communications, Media, and Digital Infrastructure

• Platinum Equity in connection with its acquisition of Securus Technologies for $2 billion
• Atlantic Broadband, a subsidiary of Cogeco Communications Inc., in its $1.125 billion acquisition of WideOpenWest Inc.’s (WOW’s) broadband systems in Ohio
• Oculus VR in its definitive agreement to be acquired by Facebook for approximately $2 billion
• Southern Light in its $700 million sale to Uniti Group
• Fibertech Networks, a Nautic Partners and Ridgemont Equity Partners portfolio company, in its $500 million sale to Court Square Capital
• 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
• Apcela in its acquisition of the SmartSky Air-to-Ground (ATG) Network
• Applications Technology LLC (AppTek), a technology provider in the artificial intelligence and machine learning space, in its strategic partnership with Deluxe Media Inc.
• ImOn Communications, LLC, a fiber-to-the-premises broadband company, in its sale to the infrastructure investing business within Goldman Sachs Asset Management
• IQ Fiber LLC in its sale of a majority interest to SDC Capital Partners
• E. Ritter and Company in its sale of a majority stake in Ritter Communications to Grain Management
• Link Labs Inc. in the sale of its Iota Link to Iota Communications Inc.
• Atlantic Broadband in its acquisition of Thames Valley Communications
• QxBranch in its sale to Rigetti Computing
• Upskill in its sale to TeamViewer
• 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

Financial Services and Financial Technology

• Osprey Funds, LLC, the sponsor of the Osprey Bitcoin Trust (OBTC), which offers solutions for digital asset investing to build better investment products that offer secure, transparent, and cost-effective access to digital assets, in an asset purchase agreement with the Bitwise Bitcoin ETF (BITB) and Bitwise Asset Management through which BITB acquired the assets of the OBTC
• LeaseAccelerator, a provider of automated solutions for lease accounting, real estate lease administration, competitive lease sourcing, and lease lifecycle management, and a portfolio company of Insight Partners and GRI Fund, in its sale to insightsoftware
• Waterfall Asset Management and its affiliates in connection with their acquisition of CIT Group’s $2 billion small business lending platform
• Slide, an insurtech startup, in its $100 million Series A financing led by Gries Investment Funds and Tampa Bay Ventures

Energy, Energy Infrastructure, and Technology

• A co-developer in a $1 billion financing to build the largest new power plant in New York City in 25 years
• 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
• EMG International LLC in the equity investment by TransAlta Renewables Inc.
• RPP Corp in its sale to Emerson Electric

Food, Drug, and Medical Devices

• ZOA Energy LLC, a provider of a zero-sugar energy drink, in the majority investment by Molson Coors Beverage Company
• Diamond V Mills in its sale to Cargill
• 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
• 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

Government Contracting

• PAE Incorporated in its $1.9 billion sale to Amentum Government Services Holdings LLC
• PAE Incorporated in its $200 million acquisition of government contractor Centra Technology, Inc.
• International Code Council in its purchase of all of the assets of NTA Inc.

Representative Clients

• 3i Infrastructure
• Atlantic Broadband
• Exploding Kittens
• Cogeco Communications, Inc. (XTSE: CGO)
• College Ave Student Loans
• The George Washington University
• Grain Management
• Hawaiian Telecom
• Icon Infrastructure Funds
• The International Code Council
• Internet Society
• Juggernaut Capital Partners
• PAE, Inc. (NASDAQ: PAE)
• Petros Pharmaceuticals, Inc. (NASDAQ: PTPI)
• Smart Wires
• TalktoMira
• Zoa Energy, LLC