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BOA Acquisition Corp.

BOA Acquisition Corp.

Feb 4, 2021 by Kristi Marvin

PROPOSED BUSINESS COMBINATION: Selina Hospitality plc

ENTERPRISE VALUE: $996 million
ANTICIPATED SYMBOL: SLNA

BOA Acquisition Corp. proposes to combine with Selina, the fast-growing hospitality and experiential brand targeting Millennial and Gen Z travelers.

Launched in 2015 by co-founders Rafael Museri, Chief Executive Officer, and Daniel Rudasevski, Chief Growth Officer, Selina has secured a network of 134 properties across North and South America, Europe and the Middle East of which 83 are open and operating. Since its inception, Selina has steadily grown its geographic reach by leveraging proprietary technology to identify underperforming hotels and transform them into cultural hubs through partnerships with local artisans, designers, and food and beverage providers, in addition to introducing programming inspired by local experiences. Selina’s properties offer the first global home for the remote worker and digital nomad, providing a comprehensive experience that is expected to continue driving demand for Selina’s offerings given that 73 percent of employers are projected to utilize remote work capabilities by 2028.

Selina’s lifestyle brand was developed specifically for Millennial and Gen Z travelers – a cohort that spends approximately $350 billion per year on travel, according to Selina estimates. The fast-growing hospitality brand, which comprises 35,000 open or secured beds across 23 countries, offers this younger generation of travelers a full-service experience and a variety of accommodations at attractive price points. Selina is building a global network of authentic destinations designed for residents, visitors and locals to build meaningful connections, where 66 percent of guests, on average, make a new friend during their stay. Selina expects to continue to benefit from the surge in remote working and the prioritization of health, wellness, and an experiential lifestyle among Millennial and Gen Z travelers, which are anticipated to become even more pronounced in the coming years.

SUBSEQUENT EVENT – 7/7/22 – LINK

  • On July 1, 2022, Selina, BOA and Samba Merger Sub. Inc. agreed to
    • (i) reduce the Cash Proceeds Condition from $70.0 million to $55.0 million
    • (ii) extend the Termination Date from August 26, 2022 to October 25, 2022.
  • Additionally, Selina, BOA and the Investor entered into an amendment to the Original Subscription Agreement, pursuant to which:
    • The Investor funded to Selina its $10.0 million commitment under the Original Subscription Agreement and, in exchange for such pre-payment, Selina agreed to pay the Investor a pre-payment fee at the closing of the Business Combination in the form of 250,000 Selina ordinary shares.
    • In the event the Business Combination does not close and the Original Business Combination Agreement is terminated, then the pre-funded investment would be repayable to the Investor within a period of six months from the date of termination and bear interest at a rate of 5% per annum.
  • The parties also agreed to amend the definition of Eligible Investments therein to provide that the Conditional Backstop Obligation may be reduced in the event that a threshold amount of fees or expenses payable to certain financial and legal advisors are deferred, waived, reduced, offset or otherwise decreased prior to the consummation of the Business Combination.
  • The amount of the reduction to the Backstop Obligation, if any, will be calculated based upon the manner and in what amount such fees are waived or otherwise decreased and the Investor will be required to pay the reduced amount to Selina by December 31, 2023.
  • Selina, BOA and the Sponsor also entered into a side letter agreement pursuant to which Selina agreed that it will not utilize or otherwise commit to transfer any portion of the remaining 188,375 BOA Class B Common Stock available for transfer under the Sponsor Share Pool.

SUBSEQUENT EVENT – 4/25/22 – LINK

  • Note Subscription Agreement
    • Selina agreed to issue and sell, in private placements expected to close concurrently with the closing of the Business Combination, $147,500,000 aggregate principal amount of unsecured convertible notes for an aggregate purchase price equal to 80.00% of the principal amount of the Notes.
    • The Notes will bear interest at a rate of 6.00% per annum, payable semi-annually, and be convertible into Ordinary Shares of Selina at a conversion price of $11.50 per share and will mature six years after their issuance.
  • Selina may, at its election, force conversion of the Notes after the first anniversary of the issuance of the Notes, subject to a holder’s prior right to convert, if the last reported sale price of the Shares is greater than or equal to 140% of the conversion price for at least 20 trading days during the period of 30 consecutive trading days.
  • Selina agreed that, within 30 days after the consummation of the Business Combinations will filed with the SEC registering the resale of the Shares and Selina will use its commercially reasonable efforts to have the Convertible Note Resale Registration Statement declared effective as soon as practicable after the filing thereof, but no later than the 75th calendar day (or 120th calendar day if the SEC notifies Selina that it will “review” the Convertible Note Resale Registration Statement) following the Convertible Note Resale Registration Filing Deadline.
  • The obligations of the Investors to consummate the subscriptions provided for in the Subscription Agreements are conditioned upon, among other things, Selina having received cash proceeds of at least $50,000,000 pursuant to PIPE Financings, and all conditions precedent to the closing of the transactions contemplated by the Subscription Agreements having been satisfied or waived.
  • As additional consideration for the Purchase Price, the Subscription Agreements provide that each Investor will receive a warrant to purchase a number of Ordinary Shares equal to approximately one-third of the number of Ordinary Shares into which the principal amount of such Investor’s Note converts
    • The Warrants have an exercise price of $11.50 per share, subject to adjustment and are identical to the BOA public warrants in all other material respects, except:
      • (i) the Warrants are not subject to redemption and
      • (ii) a holder of Warrant may exercise such Warrant on a cashless basis under the circumstances described in the A/R Warrant Agreement.
  • Sponsor Letter Agreement
    • Certain Investors who subscribed for over $4,000,000 in principal amount also entered into letter agreements where the Sponsor will transfer Founder Shares (BOA Class B Common Stock) where the amount transferred will be determined by multiplying the Investor’s aggregate principal investment by a percent ranging from 2.5% to 7.5%, depending on how much was invested. 
    • The Sponsor had previously set up a Sponsor Share Pool equaling twenty-five percent (25%) of their total Founder Shares.

TRANSACTION

  • A group of leading institutional investors including South Light Capital (an affiliate of DigitalBridge), MORE Investment House and Sir Ronald Cohen, alongside BOA’s sponsor and founder-led stockholders, have committed $70 million of capital, which includes a $15 million minimum equity backstop from BOA’s sponsor.
  • Of the total, $10 million will be an advanced PIPE funded concurrent with the announcement, strengthening Selina’s balance sheet as it rolls out new sites.
  • There is approximately $230 million currently held in BOA’s trust account.
  • Subject to any redemptions by BOA stockholders, existing Selina shareholders will retain approximately 71 percent ownership in the combined company.
  • The transaction is expected to close in the first half of 2022.

BOA transaction overview

PIPE

  • Subsequent Event – On July 1st, 2022, The Investor funded to Selina its $10.0 million commitment under the Original Subscription Agreement and, in exchange for such pre-payment, Selina agreed to pay the Investor a pre-payment fee at the closing of the Business Combination in the form of 250,000 Selina ordinary shares. In the event the Business Combination does not close and the Original Business Combination Agreement is terminated, then the pre-funded investment would be repayable to the Investor within a period of six months from the date of termination and bear interest at a rate of 5% per annum.
  • An aggregate of 5,500,000 Selina Ordinary Shares for a purchase price of $10.00 per share (the “PIPE Financing”).
  • Each of the PIPE Subscription Agreements has been entered into on substantially similar terms and conditions to the form of the PIPE Subscription Agreement, a copy of which is filed as Exhibit 10.2 hereto and is incorporated by reference herein, except for
    • (i) a PIPE Subscription Agreement entered into with BOA as an additional party for the purpose of making certain fundamental representations and warranties to the applicable PIPE Investor
    • (ii) a PIPE Subscription Agreement pursuant to which the applicable PIPE Investor has agreed to a conditional backstop obligation providing for an additional commitment to purchase up to, in the aggregate, an additional 1,500,000 Selina Ordinary Shares at the Closing in the event that the Cash Proceeds Condition is not satisfied at Closing.
      • PIPE investments from leading institutional investors including South Light Capital (an affiliate of DigitalBridge), MORE Investment House and Sir Ronald Cohen.
  • $15 million minimum equity backstop from BOA’s sponsor.

LOCK-UP

  • Company Executive Lock-up Period
    • (x) the earlier of (a) one (1) year from the Closing and (b) when the closing price of the Shares is equal to or greater than $12.00 for any twenty (20) trading days within a thirty (30) trading day period (provided that if such condition is satisfied during the first six (6) months from the Closing Date, such restriction on transfer will not lapse until the six (6) month anniversary of the Closing)
    • (y) in any case, if, after the date hereof, the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Shares for cash, securities, or other property.
  • Major Holder Lock-up Period
    • At least five percent (5%) of the Shares:
      • (x) the earlier of (a) one (1) year from the Closing and (b) when the closing price of the Shares is equal to or greater than $12.00 for any twenty (20) trading days within a thirty (30) trading day period (provided that if such condition is satisfied during the first six (6) months from the Closing Date, such restriction on transfer will not lapse until the six (6) month anniversary of the Closing)
      • (y) in any case, if, after the date hereof, the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Shares for cash, securities or other property.
  • Minor Holder Lock-up Period
    • Holders at Closing one percent (1%) or more but less than five percent (5%) of the Shares:
      • (x) 180 days from the Closing or (y) if earlier, the date on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Shares for cash, securities or other property; provided that in the sole discretion of the majority of the independent members of the Board, the Minor Holder Lock-Up Period may end earlier than as provided herein upon written notice to Holders.
  • Sponsor Lock-up Period
    • (a) one (1) year from the Closing
    • (b) when the closing price of the Shares is equal to or greater than $12.00 for any twenty (20) trading days within a thirty (30)-trading day period (provided that if such condition is satisfied during the first six months from the Closing Date, such restriction on transfer will not lapse until the six-month anniversary of the Closing), or (y) in any case, if, after the date hereof, the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Shares for cash, securities or other property; provided that in the sole discretion of the majority of the independent members of the Board, the Sponsor Lock-Up Period may end earlier than as provided herein upon written notice to the Sponsor.

SUPPORT AGREEMENT

  • In connection with the execution of the Business Combination Agreement, the Sponsor entered into a Sponsor Letter Agreement (the “Sponsor Agreement”) with Selina and BOA, pursuant to which the Sponsor has agreed to waive and not assert or perfect, subject to, and conditioned upon and effective as of immediately prior to, the Effective Time, any rights to adjustment of the conversion ratio set forth in BOA’s Certificate of Incorporation or any other anti-dilution or similar protection with respect to the BOA Class B Common Stock owned by the Sponsor.
  • In addition, the Sponsor agreed to vote or caused to be voted, all of the shares of BOA Common Stock owned by the Sponsor in favor of the Business Combination Agreement and the transactions contemplated thereby (including the Business Combination) at any duly called and convened a meeting of the stockholders of BOA.
  • The Sponsor also agreed that it would take all necessary actions to transfer, at the Closing, up to twenty-five percent (25%) of the shares of BOA Class B Common Stock owned by the Sponsor (the “Sponsor Share Pool”) to certain persons, as designated by Selina (but subject to certain limitations and in accordance with the terms set forth in the Sponsor Agreement), for the purposes of inducing and securing additional commitments or subscriptions in respect of the PIPE Financing or BOA stockholders to enter into, execute, and deliver non-redemption agreements, and cause any unused shares remaining in the Sponsor Share Pool to be forfeited and canceled.

BACKSTOP AGREEMENT

  • Subsequent Event – On July 1, 2022, The parties also agreed to amend the definition of Eligible Investments therein to provide that the Conditional Backstop Obligation may be reduced in the event that a threshold amount of fees or expenses payable to certain financial and legal advisors are deferred, waived, reduced, offset or otherwise decreased prior to the consummation of the Business Combination. The amount of the reduction to the Backstop Obligation, if any, will be calculated based upon the manner and in what amount such fees are waived or otherwise decreased and the Investor will be required to pay the reduced amount to Selina by December 31, 2023.
  • $15 million minimum equity backstop from BOA’s sponsor.

NOTABLE CONDITIONS TO CLOSING

  • Subsequent Event – On July 1, 2022, Selina, BOA and Samba Merger Sub. Inc. agreed to reduce the Cash Proceeds Condition from $70.0 million to $55.0 million.
  • The aggregate cash proceeds available for release to BOA from the trust account (after giving effect to the BOA Stockholder Redemption but before giving effect to the consummation of the Business Combination), plus all of the aggregate cash proceeds received by Selina pursuant to the PIPE Financing (as defined below), being equal to or greater than $70,000,000 (the “Cash Proceeds Condition”)

NOTABLE CONDITIONS TO TERMINATION

  • Subsequent Event – On July 1, 2022, Selina, BOA and Samba Merger Sub. Inc. agreed to extend the Termination Date from August 26, 2022 to October 25, 2022.
  • By either BOA or Selina, if the Closing has not occurred on or before August 26, 2022 (except that the right to terminate shall not be available to any party whose breach of any of its covenants or obligations under the Business Combination Agreement shall have proximately caused the failure to consummate the Closing)

ADVISORS

  • PJT Partners is acting as financial and capital markets advisor to Selina, and BofA Securities, Inc. is acting as capital markets advisor.
  • Morgan, Lewis & Bockius LLP is acting as legal advisor to Selina.
  • PJT Partners, UBS Investment Bank and BTIG, LLC are acting as joint placement agents on the private placement.
  • BTIG, LLC is acting as capital markets advisor to BOA.
  • King & Spalding LLP is acting as legal advisor to BOA.

MANAGEMENT & BOARD

Executive Officers

Brian Friedman, 42
Chief Executive Officer, Chief Investment Officer and Director

Mr. Friedman has extensive experience in the real estate and investment industry. He is currently the Managing Partner of Foxhall Partners, a private alternative investment firm focused on real estate investments, hospitality management and development in the Washington D.C. area. He oversees all aspects of development and capital raising coordinating Foxhall’s joint-venture operations. In this capacity he developed and owns the Line Hotel, Washington D.C., as well as numerous retail and commercial real estate properties with aggregate transaction values in excess of $3 billion. Mr. Friedman is a Partner at Friedman Capital and leads Friedman’s real estate and special situations investing practice and serves on the board of KeySourceUSA, a generic drug distributor. He is a member of ULI (“Urban Land Institute”) and ICSC (“International Council of Shopping Centers”) and a strategic advisor to Amalgamated Casualty Insurance working on their real estate portfolio. Previously, he was the CIO at First Management Group (FMG), a Maryland based Pension fund advisor and real estate management firm where he led investments in 36 properties across 32 states valued at over $2 billion. Mr. Friedman began his career at KPMG in the Assurance & Business Advisory Services group. He is an active member of the community helping found the non-profit Adams Morgan Youth Leadership Academy and previously served as a board member of Washington Hebrew. He is a non-practicing CPA and received his undergraduate degree and MBA from the Kogod School at American University.

Benjamin Friedman, 31
Chief Financial Officer, Head of Investor Relations and Director

Mr. Friedman has extensive experience in public and private financial markets, specializing in high yield and distressed investments across sectors and products. Prior to joining BOA Acquisition Corp., he was a Director and Senior Trader at Citigroup Global Markets leading the high-yield Energy and Utility trading franchise. Previously, he served as a Portfolio Manager at CQS, UK LLP, an $18 billion hedge fund and asset management firm focused on opportunistic credit investments. He was responsible for US high-yield credit hedge fund investments employing a mix of capital structure arbitrage, fundamental credit analysis, and relative value risk strategies to deliver returns. Additionally, he has taken part in a number of complex corporate restructurings and subsequent equity re-organizations. Mr. Friedman also was a member of the long-only multi-asset strategic investment team with over $7 billion in assets under management, managing a dedicated high-yield corporate credit book. He began his career at Bank of America Merrill Lynch on the leveraged finance trading team. He was named to Forbes Top 30 under 30 in 2017. Mr. Friedman received his undergraduate degree from the University of Pennsylvania, graduating Magna Cum Laude.

Stephanie Zimmerman, 59
Treasurer

Ms. Zimmerman has over thirty-five years of industry experience as a real estate lawyer specializing in the financing and structuring of complex transactions. Since 2008, she has been Vice President of Seligman & Associates, Inc., General Counsel for the Seligman Group, and President of the Seligman Family Office. In this capacity, she has shepherded numerous transactions and overseen the diverse asset pool of the associated Group and its affiliates. Prior to joining Seligman & Associates, Inc. she was an equity partner at both Clark Hill, PLC, as well as Honigman, Miller, Schwartz, and Cohn where she received number accolades for her work in the real estate sector. She is licensed to practice law in Michigan and Illinois. Ms. Zimmerman received her undergraduate degree from Michigan State University and her J.D. from the Detroit College of Law—Michigan State University.

Board of Directors

Scott Seligman, 69 [Retired 4/28/21]
Chairman

Mr. Seligman is a prominent real estate investor and entrepreneur with more than 40 years of management experience in public and private corporations. Mr. Seligman currently serves as the Chairman of The Seligman Group and its affiliated operating entities. In this capacity, he is responsible for a multi-billion-dollar real estate portfolio, banking and financing enterprises, a private aviation lessor, and various other endeavors. In 1977, Mr. Seligman became President, Director, and COO of Seligman Group, a publicly traded real-estate investment company. Under Mr. Seligman’s leadership, the Seligman Group developed over 10,000 multi-family units across the continental United States before taking the entity private again in 1987. He also served as President of Mid-States Mortgage Corporation which specialized in providing HUD financing for first time home buyers. Mr. Seligman is a minority owner of the San Francisco Giants baseball team. He received his undergraduate degree from the University of Michigan.

Srikanth Batchu, 34
Director 

Mr. Batchu has extensive experience as an operational leader and advisor at rapidly scaling PropTech companies. He currently leads finance, strategy, and business operations for Advertising at Instacart, a market leader in online grocery delivery services. Previously, he was an early employee and executive at Opendoor, the first and largest iBuyer of homes in the United States where he served in a variety of roles during its rapid expansion. During his time at Opendoor, the company expanded from less than 50 employees to nearly 2,000 and saw monthly revenue grow from under $10 million to over $500 million. He led the nationwide pricing and purchasing team responsible for over $5 billion in monthly U.S. residential real estate transactions with a team of over 150 professionals. He has significant expertise in technology investments through his work at Invus Group, Universal Music Group, and Bain Capital. He began his career at McKinsey as a management consultant. He received his undergraduate degree from Dartmouth College, graduating Summa Cum Laude, and his MBA from Harvard University.

Shane Battier, 42
Director 

Mr. Battier is an accomplished businessman, philanthropist, and professional athlete with deep ties to his community. He currently serves as the Miami Heat’s VP, Analytics and Basketball Development, leading a group deriving data-based solutions to guide the organizations strategic initiatives. In this capacity, he has been able to leverage his distinguished collegiate and NBA career to help the Heat succeed in the increasingly analytical world of professional sports. Mr. Battier is also the founder of the Battier Take Charge Initiative, which is dedicated to providing educational and developmental resources for underserved youth communities. He serves as a Senior Fellow for the Fuqua Center on Leadership and Ethics at Duke University’s Fuqua School of Business and is a member of the National Advisory Board for the Positive Coaching Alliance. Mr. Battier received his undergraduate degree from Duke University where he was an Academic All-American and NCAA Basketball Champion.

Lorron James, 37
Director 

Mr. James is currently the Chief Executive Officer of James Group International, a privately held global logistics and supply chain management holding company. James Group specializes in the automotive sector providing numerous Fortune 500 companies with integrated technological and logistical expertise. Concurrently, he is the President of Magnolia Automotive Services, a joint venture with Toyota ‘Tsusho, providing just-in-time processes for their US based manufacturing operations. He is also the President of TLX, a supply chain management IT software service that provides global shipment tracking and risk mitigation applications. Mr. James is active member of the community serving on the Board of Trustees for the Children’s Hospital Foundation and the Dean’s Council at the W.P. Carey School of Business at Arizona State University. He is a member of the Young Presidents Organization and Board Member of the Detroit Athletic Club. In 2014, he served by government appointment on the Financial Review Commission, helping oversee the City of Detroit’s re-investment process post-bankruptcy emergence. Mr. James received his undergraduate degree from Arizona State University and his MSA from Central Michigan University.

Anthony Wanger, 52
Director 

Mr. Wanger is a serial entrepreneur and investor with more than two decades of experience identifying and leading successful investments in the digital infrastructure market. Mr. Wanger has managed investments on behalf of several of the world’s leading investors, including Sterling Partners, Pritzker Group Venture Capital, Goldman Sachs Group, Inc. and J.P. Morgan Asset Management. From 2007 to 2018, Mr. Wanger served as President and Founder of IO Data Centers, or IO, a global provider of data center services to the world’s leading enterprises and technology companies. Mr. Wanger led capital raising, new market development, and strategic transactions ultimately selling the US assets and business to Iron Mountain Inc. for $1.37 billion. Additionally he sold IO’s London asset to Equinix, Inc., in 2017 and IO’s Singapore asset to Princeton Digital Group, an affiliate of Warburg Pincus in 2019. Prior to his work at IO, Mr. Wanger developed 120 E. Van Buren in Phoenix, AZ which grew into one of the largest carrier hotels in the United States. He sold the asset and colocation services to Digital Realty Trust in 2006 for approximately $180 million. Mr. Wanger began his career as a private equity investor at Sterling Partners focusing on real estate, M&A, and workouts. He received his undergraduate degree from Emory University and his J.D. from the Boston University School of Law where he was named a G. Joseph Tauro Scholar and an Edward F. Hennessey Scholar.

Jenny Abramson, 44
Director 

Ms. Abramson is the Founder & Managing Partner of Rethink Impact, sitting on the boards of Ellevest, FutureFuel.io, Winnie, Sempre Health and as a board observer for Neurotrack. Previously, Jenny served as CEO of LiveSafe, a tech security company focused on preventing school shootings and sexual assaults. She also held leadership roles at The Washington Post, Personal (a data tech company), The Boston Consulting Group, D.C. Public Schools, and Teach for America. Jenny is a board member of the NFL Players, Inc. and DC Prep and a member of the board of trustees of Jacobs Foundation. She is also an active member of All Raise, co-leading their data efforts. Finally, she is an Advisory Board member of the Camden Partners Nexus Fund (an early-stage health focused VC fund). Jenny has been named one of Forbes’ Impact 50 in 2020, Entrepreneur Magazine’s 100 Powerful Women and a DC Tech Titan. She has been covered in The New York Times, in The Washington Post, and on CNN, interviewed on Squawk Box, featured at the Code Conference, at the United Nations, at the G7, and on Capitol Hill. She received bachelor’s and master’s degrees with honors from Stanford University, an MBA with honors and the Dean’s Award from Harvard Business School (where she also served on the Investment Committee for Shareholder Responsibility for Harvard University) and was a Fulbright Scholar at The London School of Economics.

David Glazer, 36
Strategic Advisor

David Glazer is currently the Chief Financial Officer and Treasurer for Palantir Technologies, a leading global software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments. Mr. Glazer joined Palantir in 2013 and helped lead it through its direct public offering in 2020. Mr. Glazer began his career at Wilson Sonsini as an Associate focusing on Capital Markets, M&A, Venture Financings and Corporate Governance. He received his undergraduate degree from Santa Clara University and his J.D. from Emory University School of Law.

Sam Beznos, 41
Strategic Advisor

Sam Beznos is a Partner and the CEO of the Beztak Companies. For more than six decades, Beztak has developed, built, managed and invested in commercial, industrial and residential real estate throughout the United States. Beztak currently owns or manages approximately 35,000 apartments and 1,653,641 s.f. of retail and office. Beztak is headquartered in Farmington Hills, MI and also has offices in Boca Raton, FL and Tucson, AZ. Mr. Beznos is in charge of property management, asset management, finance, construction and accounting. He also specializes in acquisitions, land development and property rezoning and strategic planning and risk evaluation for the company. Mr. Beznos has been a member of the International Council of Shopping Centers (“ICSC”) since 2005 and is an active member of the National Multifamily Housing Council (“NMHC”). He is also a member of the Young Presidents Organization (“YPO”). In 2013, Mr Beznos was selected for the “40 under 40” award by Crain’s Detroit Business. In 2020, Sam was selected as a finalist in the EY Entrepreneur of the Year Award for Michigan and Northwest Ohio. Mr. Beznos attended University of Michigan and received a Bachelor of Arts with Distinction from University of Michigan in 2000 and received a Master of Science in Real Estate with Distinction from New York University in 2002.

Dennis Ratner, 77
Strategic Advisor

Dennis Ratner, served as co-Founder and Chief Executive Officer of Ratner Companies, the owner and operator of Hair Cuttery, Bubbles, Salon Cielo and Spa, Colorworks and Salon Plaza. The privately owned entity had over 1,000 salons and employed more than 10,000 stylist across 14 states and the United Kingdom. Mr. Ratner is active in the Washington D.C. community contributing time and resources to the National Zoo, the Capital Children’s Museum, the Whitman Walker Clinic, and the United Jewish Appeal of Greater Washington.

 

ByKristi Marvin