Charles Wachsstock focuses his practice on a wide array of executive compensation and employee benefits matters in corporate transactions, the design and negotiation of employment and separation arrangements, and the design and implementation of compensation programs for public and private companies, financial sponsors, directors and executives. Mr. Wachsstock also advises clients on the fiduciary responsibility provisions of the Employee Retirement Income Security Act (ERISA) with respect to the investment of pension plan assets, including VCOC, REOC, and other plan asset issues.

Mr. Wachsstock has more than 20 years of experience dealing with the executive compensation and benefits aspects of public and private transactions, disclosure requirements concerning compensation and employee benefits, and compensation matters related to internal corporate governance investigations. He also brings extensive knowledge of ERISA and has experience assisting clients with their fiduciary duties and defense of ERISA fiduciary litigation. In addition, he is well-versed in a broad range of laws and market practices that apply in the employee benefits and executive compensation context.

Experience

  • Elliott Management in its $683 million acquisition of Barnes & Noble, the largest retail bookseller in the U.S.
  • Citizens Financial Group in its agreement to purchase certain assets of Bowstring Advisors, an Atlanta-based merger and acquisition advisory firm.
  • Canaccord Genuity Group on its acquisition of Petsky Prunier, a preeminent boutique M&A advisory firm.
  • KeyBank in its acquisition of Laurel Road's affinity-focused digital lending business.
  • Citizens Financial in its acquisition of Clarfeld Financial Advisors.
  • Dealer Tire in a significant investment by Bain Capital Private Equity.
  • AXA and AXA Equitable Holdings on the initial public offering of AXA Equitable Holdings on the New York Stock Exchange for approximately $4 billion, and AXA Equitable Holdings in its offering and sale of $3.8 billion of senior notes.
  • Citizens Financial in its acquisition of Franklin American Mortgage.
  • Dealer Tire in its significant investment in SimpleTire.
  • TPG Capital and Welsh, Carson, Anderson & Stowe, with Humana, in their $1.4 billion acquisition of Curo Health Services.
  • Precision Medicine Group in a new $275 million investment.
  • Two investors in their joint acquisition of Chesapeake Asset Management, a New York-based investment advisor.
  • Canada Pension Plan Investment Board in its $1.1 billion acquisition of Ascot from American International Group.
  • Dealer Tire in its sale of the assets of Dealer Tire Canada to Groupe Touchette.
  • TruGreen, a Clayton, Dubilier & Rice portfolio company, and CD&R in TruGreen's merger with Scotts LawnService.
  • Nassau Reinsurance Group, a Golden Gate Capital portfolio company, in its acquisition of Universal American's Traditional Insurance business.
  • Fifth Third Bank in the sale of its Pennsylvania branch presence to First National Bank of Pennsylvania, and the sale of its Missouri branch presence to Great Southern Bank.
  • Lannett in its acquisition for $1.23 billion in cash, plus additional contingent consideration, of Kremers Urban Pharmaceuticals, the U.S. specialty generic pharmaceuticals subsidiary of global biopharmaceuticals company UCB.
  • Canada Pension Plan Investment Board in its $12 billion acquisition of GE Capital's sponsor lending business, including Antares Capital, the leading lender to middle market private equity sponsors in the U.S.
  • Morgan Stanley Private Equity in the $600 million sale of Creative Circle, a leading professional staffing firm specializing in advertising, creative and marketing talent, to NYSE-listed On Assignment for a mix of stock and cash consideration.
  • UCI in the $257 million sale of its Wells vehicle electronics business to NGK Spark Plug Co.
  • Dealer Tire in its receipt of a significant investment by Lindsay Goldberg and redemption of TA Associates' ownership interests.
  • MBIA in its sale of Cutwater Asset Management, an investment management company with $23 billion in assets under management, to BNY Mellon.
  • Guardian Life Insurance in its $450 million offering of 4.875% Surplus Notes due 2064.
  • Chemtura in the $1 billion sale of its agrochemicals business, Chemtura AgroSolutions.
  • Canada Pension Plan Investment Board in its $1.8 billion acquisition of Wilton Re, a U.S. life insurance and reinsurance provider.
  • The Special Committee of the Board of Directors of Dell in the $24.9 billion sale of Dell to an investor group including Michael Dell and Silver Lake.
  • Eutelsat in its $1.14 billion acquisition of Satélites Mexicanos.
  • Viewdle, a facial recognition technology provider, in its sale to Motorola Mobility, a division of Google.
  • FNBNY Bancorp and its sponsor, Modern Capital Partners, in FNBNY's acquisition of Madison National Bancorp and its subsidiary, Madison National Bank.
  • Reynolds Group in its $4.5 billion acquisition of Graham Packaging Company.
  • Reynolds Group in its acquisition of Dopaco, a food service packaging company.
  • Rank Group in its $950 million acquisition of Honeywell's automotive consumer products group.
  • Rank Group in its $980 million acquisition of UCI International, a North American automotive products business.
  • BWAY Holding Company in the financing aspects of its $915 million sale to Madison Dearborn Partners.
  • International Paper in its $6 billion acquisition of Weyerhaeuser's packaging business.
  • Rank Group in its $2.7 billion purchase of Alcoa's packaging and consumer businesses.
  • DLI Holding Corp, the parent of Del Laboratories, a Kelso & Company portfolio company, in its acquisition by Coty, a leading global beauty and fragrance company.
  • EDO Corporation in its $1.7 billion acquisition by ITT Corporation.

Credentials

Education
  • LLM, Georgetown University Law Center
  • JD, Boston University School of Law
  • BA, Boston University, summa cum laude
Admissions
  • New York
  • District of Columbia
  • Massachusetts
Government & Military Service
  • Office of the Associate Chief Counsel, Internal Revenue Service
Activities
  • Member, NY City Bar Association Subcommittee on Executive Compensation and Nonqualified Deferred Compensation
Overview

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