Debevoise & Plimpton LLP is advising Verizon (NYSE, Nasdaq: VZ) in its investment of approximately $40 million in Casa Systems, Inc. (Nasdaq: CASA). The investment in Casa common stock will give Verizon a 9.9% ownership stake in Casa. For more information, please see the company’s press release.

Casa is a provider of physical and cloud-native infrastructure technology solutions for mobile, cable and fixed networks.

The Debevoise team is led by M&A partner William Regner and includes associates Jillian Mulroy and Khaair Morrison and capital markets partner Steven Slutzky.