Charles Wachsstock is a co-chair of Hughes Hubbard & Reed’s Employee Benefit’s and Executive Compensation practice. His practice focuses on executive compensation and employee benefits matters in corporate transactions, employment and separation agreements, compensation programs for public and private companies, financial sponsors, directors and executives. Charles 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.
Charles 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 has 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.
Government & Military Service
Office of the Associate Chief Counsel, Internal Revenue Service
Member, NY City Bar Association Subcommittee on Executive Compensation and Nonqualified Deferred Compensation
Employee Benefits (ERISA) Law (2021), Best Lawyers
Representation of Isos Acquisition Corp., a special purpose acquisition company or SPAC, in its proposed merger with Bowlero Corp. to take the world’s largest owner and operator of bowling centers public, valuing the combined entity at approximately $2.6 billion.
Representation of CF Acquisition Corp. V, a special purpose acquisition company or SPAC sponsored by New York investment firm Cantor Fitzgerald, in a pending transaction with Satellogic that will take the satellite earth imagery provider public, which values Satellogic at $850 million.
Representation of CuriosityStream Inc., the first streaming media company devoted to factual entertainment, in its combination with Software Acquisition Group, Inc., a special purpose acquisition company.
Representation of Controlling Class of Noteholders of Zohar III Corp. in connection with Dura Automotive’ s Chapter 11 filing and ultimate sale of the business to certain members of the controlling class.
Representation of Elliott Management in its $683 million acquisition of Barnes & Noble, the largest retail bookseller in the US.
Representation of Citizens Financial Group in its agreement to purchase certain assets of Bowstring Advisors, an Atlanta-based merger and acquisition advisory firm.
Representation of Canaccord Genuity Group on its acquisition of Petsky Prunier, a preeminent boutique M&A advisory firm.
Representation of KeyBank in its acquisition of Laurel Road's affinity-focused digital lending business.
Representation of Citizens Financial in its acquisition of Clarfeld Financial Advisors.
Representation of Dealer Tire in a significant investment by Bain Capital Private Equity.
Representation of 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.
Representation of Citizens Financial in its acquisition of Franklin American Mortgage.
Representation of Dealer Tire in its significant investment in SimpleTire.
Representation of TPG Capital and Welsh, Carson, Anderson & Stowe, with Humana, in their $1.4 billion acquisition of Curo Health Services.
Representation of Precision Medicine Group in a new $275 million investment.
Representation of Two investors in their joint acquisition of Chesapeake Asset Management, a New York-based investment advisor.
Representation of Canada Pension Plan Investment Board in its $1.1 billion acquisition of Ascot from American International Group.
Representation of Dealer Tire in its sale of the assets of Dealer Tire Canada to Groupe Touchette.
Representation of TruGreen, a Clayton, Dubilier & Rice portfolio company, and CD&R in TruGreen's merger with Scotts LawnService.
Representation of Nassau Reinsurance Group, a Golden Gate Capital portfolio company, in its acquisition of Universal American's Traditional Insurance business.
Representation of 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.
Representation of 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.
Representation of 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.
Representation of 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.
Representation of UCI in the $257 million sale of its Wells vehicle electronics business to NGK Spark Plug Co.
Representation of Dealer Tire in its receipt of a significant investment by Lindsay Goldberg and redemption of TA Associates' ownership interests.
Representation of MBIA in its sale of Cutwater Asset Management, an investment management company with $23 billion in assets under management, to BNY Mellon.
Representation of Guardian Life Insurance in its $450 million offering of 4.875% Surplus Notes due 2064.
Representation of Chemtura in the $1 billion sale of its agrochemicals business, Chemtura AgroSolutions.
Representation of Canada Pension Plan Investment Board in its $1.8 billion acquisition of Wilton Re, a U.S. life insurance and reinsurance provider.
Representation of 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.
Representation of Eutelsat in its $1.14 billion acquisition of Satélites Mexicanos.
Representation of Viewdle, a facial recognition technology provider, in its sale to Motorola Mobility, a division of Google.
Representation of FNBNY Bancorp and its sponsor, Modern Capital Partners, in FNBNY's acquisition of Madison National Bancorp and its subsidiary, Madison National Bank.
Representation of Reynolds Group in its $4.5 billion acquisition of Graham Packaging Company.
Representation of Reynolds Group in its acquisition of Dopaco, a food service packaging company.
Representation of Rank Group in its $950 million acquisition of Honeywell's automotive consumer products group.
Representation of Rank Group in its $980 million acquisition of UCI International, a North American automotive products business.
Representation of BWAY Holding Company in the financing aspects of its $915 million sale to Madison Dearborn Partners.
Representation of International Paper in its $6 billion acquisition of Weyerhaeuser's packaging business.
Representation of Rank Group in its $2.7 billion purchase of Alcoa's packaging and consumer businesses.
Representation of 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.
Representation of EDO Corporation in its $1.7 billion acquisition by ITT Corporation.