Ray is a partner in White & Case's M&A group, based in Chicago. Ray focuses on complex business transactions, particularly leveraged buyouts for private equity funds and domestic and cross-border mergers and acquisitions. He has represented some of the largest names in private equity in transactions ranging in size from several million dollars to more than US$5 billion.
Ray also represents public companies, private companies and venture capital firms in negotiating and structuring acquisitions and divestitures, mergers and acquisitions, venture capital investments, equity and debt financings, recapitalizations and restructurings, and executive compensation and incentive equity matters, as well as advising on general corporate governance and compliance.
Ray was named among The M&A Advisor's 2019 "Emerging Leaders" winners, and was also named as a "Leading Lawyer" in M&A and Private Equity in the United States by Euromoney 2018.
Ray is the General Counsel and a member of the Board of Directors of the USO of Illinois. He is also a member of UNICEF's Midwest Regional Board of Directors and the Northwestern Gridiron Network.
Representative matters include the representation of:
- Vista Equity Partners and its affiliates, in numerous transactions, including the following:
- its joint venture with Bain Capital in the merger of four innovative software businesses: Superion, TriTech Software Systems along with Zuercher Technologies, and the public sector and healthcare business of Aptean;
- the acquisition of Malauzai by Finastra, a portfolio company of Vista Equity Partners; and
- the acquisition of Public Safety Corp. by Superion LLC, a portfolio company of Vista Equity Partners.
- Clearlake Capital in its joint venture with Vista Equity Partners in EagleView Technologies.
- Thoma Bravo, LLC in its acquisition of Plato Learning, Inc.
- Madison Dearborn Partners, as part of an investor group, in the acquisition of Nuveen Investments.
Ray received his JD from Washington University in St. Louis School of Law in 2007, and received both his MA and BA from Northwestern University in 2004 and 2003, respectively.