Aaron S. Farovitch

Counsel

Areas of Focus

Aaron S. Farovitch

Counsel

afarovitch@akingump.com

Areas of Focus

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Biography
  • Represents public and private companies in a variety of matters related to executive compensation and employee benefits.
  • Focus on equity-based and cash-based incentive programs, employment agreements, separation agreements and executive compensation and employee benefits aspects of corporate transactions and in bankruptcy.

Aaron Farovitch focuses on executive compensation and employee benefits. He advises clients in matters involving executive compensation and employee benefits, including compliance with the Employee Retirement Income Security Act of 1974 and other tax and securities laws.

Aaron provides representation in compensation and employee benefits matters in connection with a wide variety of corporate transactions, including mergers and acquisitions, spinoffs, financial restructurings and other strategic transactions. He also designs, negotiates, structures and drafts various executive compensation arrangements, including nonqualified deferred compensation plans, equity and equity-based compensation arrangements (including compensatory partnership interests), severance, change in control and executive employment agreements and provides related advice regarding tax, including Code Section 409A compliance and Code Section 280G considerations. Aaron’s practice also includes advising clients on securities laws, corporate governance matters and disclosure implications related to executive compensation.

Earlier in his career, Aaron was an associate at a prominent New York law firm. Prior to undertaking the practice of law, Aaron taught high school students as a Teach for America corps member.

Representative Work
  • Represented a consortium led by Durational Capital Management LP in its acquisition of Bojangles’, Inc., a leading restaurant and franchisor.
  • Represented the Official Committees of Unsecured Creditors of Sears Holdings Corporation, iHeartMedia, Inc., Southern Foods Group, LLC and Dean Foods Company, and Diamond Offshore Drilling, Inc. with respect to executive compensation matters.
  • Represented ProKidney LP, a leading clinical-stage cellular therapeutics company focused on chronic kidney disease, in its business combination with a special purpose acquisition company.
  • Advised 7-Eleven, Inc. in its acquisition of Speedway, a leading convenience store chain, from Marathon Petroleum Corp.
  • Represented affiliates of Alden Global Capital in its merger with Tribune Publishing Company.
  • Represented a tech, media and telecom special purpose acquisition company in its merger with Buzzfeed, the leading tech-powered company for digital content and commerce for millennial and Gen Z audiences.
  • Advised Mubadala Capital, a wholly owned subsidiary of Mubadala Investment Company, one of the world’s leading sovereign investors, in its acquisition of AOG, LLC d/b/a TruFood Manufacturing, a leading snack food contract manufacturer. 
  • Represented SLB, a global technology company, in its acquisition of Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology.
  • Represented BentallGreenOak in its acquisition of Metropolitan Real Estate Equity Management, LLC from global investment firm The Carlyle Group. 
  • Advised SRC Energy Inc. in its $1.7 billion merger with PDC Energy, Inc.
  • Advised CenterPoint Energy, Inc. in its $6 billion merger with Vectren Corporation.
  • Represented RCCH HealthCare Partners, which is owned by certain funds managed by affiliates of Apollo Global Management, LLC, in its $5.6 million take-private acquisition of LifePoint Health, Inc.
  • Represented Apollo Global Management, Inc. in its acquisition of EmployBridge, the largest industrial staffing company in the United States.
  • Represented private equity sponsor in leveraged acquisition of Chicago-based restaurant chain and online food retailer.
  • Advised Neenah Enterprises, Incorporated, a foundry company, in its disposition to Charlotte Pipe and Foundry Company.
  • Represented Sungard Availability Services in connection with respect to executive compensation matters in connection with their chapter 11 cases before the United States Bankruptcy Court for the Southern District of Texas.
  • Advised Outcome Health, a portfolio company of Littlejohn & Co., its in combination with PatientPoint to create PatientPoint Health Technologies—a new platform company offering tech-enabled patient engagement solutions.
  • Advised Bessemer Investors LLC and its portfolio company, Legacy Restoration, a leading provider of exterior restoration and remodeling services, in Legacy Restoration’s with Janney Roofing, an Orlando-based provider of exterior restoration and remodeling services.
  • Counseled an ad hoc noteholder group of Jonah Energy, one of the largest privately held natural gas producers in the United States, with respect to executive compensation matters in connection its $1.3 billion out of court restructuring.
  • Advised an ad hoc group of unsecured noteholders of American Tire Distributors, Inc.
  • Advised Eastman Kodak Company in its sale of Kodak’s Flexographic Packaging Division to Montagu Private Equity LLP.

Education
  • J.D., Georgetown University Law Center, 2016

  • B.S., Syracuse University, magna cum laude, 2011

Bar Admissions
  • New York

Insights and Achievements

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