Ropes & Gray represented McNally Capital, while DLA Piper represented Orbis Operations in the transaction.
McNally Capital executed its acquisition of Orbis Operations. Terms of the transaction, which was announced on April 8, were not disclosed.
Orbis is a leading provider of intelligence and national security advisory services, software engineering and cyber services, and situational awareness training to the United States government and its allies, as well as select commercial clients.
McNally acquired Orbis out of McNally Capital Fund II, the firm’s committed buyout vehicle. McNally Capital is a family-owned private equity firm targeting thesis-driven investments in the U.S., specifically founder and management-owned companies.
William Blair acted as the sole financial advisor to Orbis Operations.
The Ropes & Gray team that represented McNally Capital was led by private equity partner Timothy Castelli (Chicago; Picture), and included private equity associate James Davis (Chicago), executive compensation & benefits partner Jennifer Cormier (Boston), tax partner Aaron Harsh (Boston), finance partners Andrea Hwang (New York) and Alexander Zeltser (Boston), and asset management partner Matthew Posthuma (Chicago).
Involved fees earner: Timothy Castelli – Ropes & Gray; James Davis – Ropes & Gray; Aaron Harsh – Ropes & Gray; Andrea Hwang – Ropes & Gray; Matthew Posthuma – Ropes & Gray; Alexander Zeltser – Ropes & Gray;
Law Firms: Ropes & Gray;
Clients: McNally Capital LLC;