Aaron S. Farovitch, Counsel, Tax

Aaron S. Farovitch

Counsel

Areas of Focus

Aaron S. Farovitch, Counsel, Tax

Aaron S. Farovitch

Counsel

afarovitch@akingump.com

Areas of Focus

Save as PDF

Share This Biography

Biography
  • Represents public and private companies and executives in a variety of matters related to executive compensation & employee benefits.
  • Particular focus on the design and implementation of equity, equity-based and cash-based incentive programs, employment agreements, separation agreements and nonqualified deferred compensation plans.
  • Highly experienced in advising clients on compensation and benefits matters in connection with a wide variety of corporation transactions.

Aaron focuses on executive compensation and employee benefits. He advises clients in matters involving executive compensation & employee benefits, including compliance with the Employee Retirement Income Security Act of 1974 (ERISA), 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 & acquisitions (M&A), 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 another 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 Kedaara Capital in its investment in Axtria Inc., a leading agentic artificial intelligence (AI)-first data analytics and cloud software company serving the global life sciences industry and its subsidiaries.
  • Represented MRC Global Inc., the leading global distributor of pipe, valves and fittings, and other infrastructure products and services to diversified end-markets, including gas utilities, downstream, industrial and energy transactions, and production and transmission infrastructure sectors, in connection with its definitive merger agreement pursuant to which DNOW Inc. will acquire MRC Global in an all-stock transaction valued at approximately $1.5 billion.
  • Represented Baseline Energy Services, a provider of low-carbon, mobile-distributed power generation solutions, in its sale to Pennybacker Capital Management.
  • Represented SLB in connection with its agreement to purchase the operations of Interactive Network Technologies Inc., a global leader in energy data visualization.
  • Represented Tellurian Inc. in a definitive agreement with subsidiaries of Woodside Energy Group Ltd.
  • Represented TWFG Inc., a leading independent distribution platform for personal and commercial insurance, on its initial public offering of common stock.
  • Represented Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the midsize dry bulk vessel segment, in the completion of its all-stock merger with Star Bulk Carriers Corp.
  • Represented Talos Energy Inc., a leading energy company focused on offshore oil and gas exploration and production, as well as the development of future carbon capture and storage opportunities in the United States Gulf Coast, Gulf of Mexico and offshore Mexico, on a definitive agreement to acquire QuarterNorth Energy Inc. in a transaction valued at approximately $1.29 billion.
  • Represented Innovex, a leading provider of mission-critical technologies and services across the well lifecycle for the oil and gas industry, in its definitive agreement to merge with Dril-Quip.
  • Represented a consortium led by Durational Capital Management LP in its acquisition of Bojangles’ Inc., a leading restaurant and franchisor.
  • Represented the Official Committee of Unsecured Creditors of Sears Holdings Corporation, iHeartMedia Inc., Southern Foods Group, LLC, 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 Inc., a global company specializing in gyroscopic wellbore positioning and survey technology.
  • 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 U.S.
  • Represented a private equity sponsor in a leveraged acquisition of a Chicago-based restaurant chain and online food retailer.
  • Advised Neenah Enterprises Inc., a foundry company, in its disposition to Charlotte Pipe and Foundry Company.
  • Represented Sungard Availability Services with respect to executive compensation matters in connection with their chapter 11 cases before the U.S. Bankruptcy Court for the Southern District of Texas.
  • Advised Outcome Health, a portfolio company of Littlejohn & Co., in combination with PatientPoint, to create PatientPoint Health Technologies—a new platform company offering tech-enabled patient engagement solutions.
  • Counseled an ad hoc noteholder group of Jonah Energy, one of the largest privately held natural gas producers in the U.S., with respect to executive compensation matters in connection with 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

              Related Content

              People

              Distinguished by our areas of focus, as a cohesive and integrated firm, we are defined by the caliber of our work, the responsiveness of our service and a culture that is rooted in collaboration and forward-thinking.

              We Also Recommend

              Loading...
              Loading...
              Loading...
              Loading...