Raphael (Ray) Newman

Managing Director and Global Head of Transaction Advisory Services

Raphael “Ray” Newman is a managing director and leader of the Transaction Advisory Services practice, based in the New York office. He leverages over 30 years of transaction experience advising private equity, hedge funds and strategic buyers. 

Prior to joining Duff & Phelps, Ray served as a partner in Arthur Andersen’s Transaction Advisory Services practice. Before that, he held the title of director of worldwide accounting and finance for Home Box Office. Earlier in his career he was a manager at Viacom and he started his career at Deloitte & Touche. 

Ray has led numerous transactions with an aggregate value of more than $100 billion. He advises his clients in a wide array of industries, including manufacturing, distribution, transportation, retail, healthcare, technology, printing, publishing, automotive, logistics media and entertainment services. Ray has also acted as an advisor to his clients on U.S. Securities and Exchange Commission (SEC) matters, provided expert witness testimony on technical accounting matters and has been an arbitrator on purchase price and other accounting disputes. 

Ray received an MBA in finance and international business with a sub-concentration in marketing from New York University’s Stern School of Business. He also holds a B.S. in accounting from Yeshiva University’s Syms School of Business. He is a Certified Public Accountant licensed in New York. Ray is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. He also holds FINRA Series 63 and 79 licenses.

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Other Areas We Can Help

Corporate Finance

Comprehensive support throughout mergers and acquisitions and other corporate transactions.

Corporate Finance

Transaction Advisory Services

Seamless analytical advisory through the deal continuum, from transaction origination to closing.

Transaction Advisory Services

Financial Due Diligence

Quality of Earnings and key financial analyses for buyers, sellers and banks in M&A transactions.

Financial Due Diligence

Sell Side / Vendor Due Diligence

Sell-side due diligence services for business owners, private equity funds and corporations.

Sell Side / Vendor Due Diligence

Working Capital Analysis

Balance sheet analysis to establish target working capital and evaluate balances delivered at closing.

Working Capital Analysis

Tax Due Diligence

Evaluate and structure M&A transactions from a tax perspective.

Tax Due Diligence

Comprehensive Due Diligence Solution

Comprehensive diligence support primarily in the areas of tax, compliance and regulatory, operations, financial and accounting, investigations and disputes and cyber/IT risk.

Comprehensive Due Diligence Solution

Strategy and Commercial Diligence

Strategic perspectives on the target’s market and competitive environment, as well as deeper insights and data on value creation opportunities.

Strategy and Commercial Diligence

Case Studies

Insights

Webcast Replay

Refocus on Cash Optimization, Operating Efficiency and Special Situations

Webcast Replay
Valuation Insights

U.S. Security and Exchange Commission’s Fund Valuation Modernization Proposal

Valuation Insights
Valuation Insights

Highlights from the Dow Jones Industrial Average Special Report

Valuation Insights
Valuation Insights

Global Enforcement of Anti-Money Laundering Regulations

Valuation Insights

News