Schulte Roth & Zabel LLP is recognized for its expertise in advising private equity firms, hedge funds, and asset managers on the executive compensation and employee benefits aspects of complex transactions. The team is well-versed in structuring equity compensation arrangements, deferred compensation plans, and ERISA compliance matters. Ronald Richman and Mark Brossman are key figures in the practice, regularly advising clients on incentive compensation structures and regulatory considerations. The group is also noted for its experience handling compensation issues in fund formations and investment transactions. With a client base spanning major financial institutions and investment firms, the team continues to provide strategic counsel on sophisticated compensation and benefits matters.
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- Profile
Key clients
- Amalgamated National Health Fund
- Cerberus Capital Management, L.P.
- Construction Laborers Pension Trust for Southern California
- LCN Capital Partners, L.P.
- Mill Point Capital LLC
- National Retirement Fund
- Obion Capital Management LP
- Science & Technology Partners, L.P.
- TCI Real Estate Partner Funds
- Westport Capital Partners LLC
Work highlights
- Schulte advised Albertsons and the UFCW Union & Participating Food Industry Employers Tri-State Pension Fund with respect to advice to avert insolvency and reduction of pension benefits for its financially troubled multiemployer pension plan that is expected to become insolvent through the receipt of special financial assistance. Schulte counseled the Plan Sponsor with respect to a rehabilitation plan; freezing benefit accruals, and application to the Pension Benefit Guaranty Corporation for Special Financial Assistance.
- Schulte’s Employment & Employee Benefits Group provides advice on many of Mill PointCapital’s acquisitions and dispositions. Recently, Schulte represented Mill Point Capital inconnection with entering into a definitive agreement to acquire the commercial refrigerationand foodservice equipment businesses (Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX). Our group advised Mill Point regarding employee benefit issues, including cross-borderemployment issues.
- Our team advised Science & Technology Partners, L.P., led by Erika Klauer (ex-JennisonAssociates), in connection with the launch of her technology-focused equity hedge fund. Inconnection with the launch, we handled all parent and fund level formation, regulatory,employee and real estate work, and simultaneously negotiated a significant strategicinvestment in the new fund by a well-known Silicon Valley investor. Our EBEC team advisedScience & Technology Partners on structuring their funds to be ERISA-compliant or to avoidERISA by limiting benefit plan investments.
Lawyers
Practice head
Ronald Richman; Mark Brossman
Other key lawyers
Jason Kaplan; David Efron