Michael Krasnovsky, P.C.
Overview
Mike Krasnovsky is a partner in the Firm’s Executive Compensation Group. Mike’s practice focuses on executive compensation and employee benefits matters in connection with mergers and acquisitions and other business transactions. Mike also advises clients on executive compensation and related corporate governance matters, including the design, implementation and disclosure of equity and cash incentive compensation and retention programs and the negotiation of executive employment, change in control and separation agreements.
Mike was highlighted as a leading lawyer in the 2020–2024 editions of Chambers USA for his work in Employee Benefits & Executive Compensation. In the 2024 edition, a source notes “Mike is responsive and able to handle any matter.” In a prior edition, his peers describe him as, “really smart, an excellent drafter and a practical lawyer who works out how to define solutions.”Experience
Representative Matters
Since joining Golden Flag, Mike has been involved in the following representations:
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McDonald’s in its sale of Dynamic Yield to Mastercard
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FinServ Acquisition Corp. in its $1.0 billion merger with Katapult Holding, Inc.
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Vista Equity Partners in its $3.5 billion acquisition of Pluralsight, Inc.
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Funds advised by Centerbridge Partners, L.P. in its pending acquisition of American Bath Group, LLC
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Arya Sciences Acquisition Corp. II in its $1.3 billion combination with Cerevel Therapeutics
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OnDeck Capital in its sale to Enova International
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Arya Sciences Acquisition Corp. in its combination with Immatics Biotechnologies GmbH
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The Special Committee of the Board of Directors of Taubman Centers, Inc. in Taubman’s $9.8 billion merger and joint venture with Simon Property Group
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Hilcorp Alaska in its $5.6 billion acquisition of BP’s upstream and midstream business in Alaska
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AbbVie in its $63 billion acquisition of Allergan
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WellCare Health Plans in its $17.3 billion acquisition by Centene Corporation
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Caisse de dépôt et placement du Québec in its major investment in Allied Universal
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Nexstar Broadcasting Group in its $6.4 billion acquisition of Tribune Media Co., creating the largest local television broadcaster and local media company
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Valence Media, a diversified media company (with an enterprise value approaching $3 billion) with divisions or investments in premium television, wide release film, specialty film, live entertainment and digital media, in its creation through a combination of Billboard-Hollywood Reporter Media Group, dick clark productions and MRC
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Strayer Education in its $1.9 billion merger of equals with Capella Education Company, creating a national leader in education innovation
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Tronox Limited in its $1.325 billion sale of its Alkali Chemicals business to Genesis Energy, L.P.
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MidOcean Partners in its $1 billion sale of Water Pik, Inc. to Church & Dwight Co., Inc.
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Clearlake Capital Group, L.P. in its acquisition of LANDESK Software from Thoma Bravo
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CEB in its $3.3 billion sale to Gartner, Inc.
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Blackstone in its acquisition of SESAC Holdings, a leading music rights organization, from Rizvi Traverse Management
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WellCare Health Plans in its $800 million acquisition of Universal American Corporation
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Equity One in its $15.6 billion merger with Regency Centers Corporation, creating the preeminent shopping center REIT in the U.S.
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MidOcean Partners and Penton in the $1.56 billion sale of Penton to Informa plc
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Questar Corporation in its $4.4 billion sale to Dominion Resources, Inc.
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ABRY Partners in its $2.25 billion sale of RCN Telecom Services, LLC and Grande Communications Networks, LLC
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Confidential client in the $423 million acquisition of assets in Texas’ southern Midland Basin
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CEB in its $275 million acquisition of Evanta Ventures
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Premier Farnell and Akron Brass in the $224.2 million sale of Akron to Idex
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Advent International in its investment in inVentiv Health
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IGATE Corporation in its $4.04 billion merger with Capgemini S.A.
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L Catterton in its $925 million acquisition of Steiner Leisure
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Silver Lake in its acquisition of Cast & Crew Entertainment Services
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Cerberus Capital Management in its carveout of Avon’s North American business and strategic investment in Avon’s international business
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Ventas in its $475 million sale of the hospital operations of Ardent Health Services
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ABRY Partners in its $143.5 million equity investment in Accela
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Arlington Capital Partners in its sale of MB Aerospace Holdings
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Corning in connection with the unwinding of its 73-year-old Dow Corning joint venture with Dow Chemical in exchange for 100% of a newly formed corporation that will hold a 40% stake in Hemlock Semiconductor Group and approximately $4.8 billion in cash
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Fleur de Lis Energy in its acquisition of CO2 enhanced oil recovery properties in the basins of Wyoming
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KKR in its acquisition, along with Anchor Equity Partners and Ticket Monster management, of a controlling interest in Ticket Monster from Groupon in a transaction based on a fully diluted valuation of $782 million
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Burger King in its $11.4 billion acquisition of Tim Hortons Inc.
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Infineon Technologies AG in its $3 billion acquisition of International Rectifier Corporation
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London Stock Exchange Group plc in its $2.7 billion acquisition of the entire issued share capital of Frank Russell Company
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Fleur de Lis Energy in its $350 million acquisition of LINN Energy’s Wolfberry positions in Ector and Midland countries in the Permian Basin
Prior to joining Golden Flag, Mike was involved in the following representations:
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Bank of America Corporation in its acquisition of Merrill Lynch, Inc.
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JPMorgan Chase & Co. in acquisition of The Bear Stearns Companies, Inc.
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Countrywide, Inc. in its acquisition by Bank of America Corporation
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Wells Fargo in its acquisition of Wachovia Corporation
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Wyeth in its acquisition by Pfizer Inc.
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Schering-Plough Corporation in its acquisition by Merck & Co., Inc.
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Rohm and Haas Company in its acquisition by The Dow Chemical Company
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Grupo Modelo, S.A.B. de C.V. in its acquisition by Anheuser-Busch InBev
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Tishman Speyer in acquisition of Archstone-Smith
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Life Technologies Corporation in its acquisition by Thermo Fisher Scientific Inc.
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Longs Drug Stores in its acquisition by CVS Caremark
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Smith International, Inc. in its acquisition by Schlumberger Limited
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Starbucks Coffee Company in its acquisition of Teavana Holdings, Inc.
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The Danaher Corporation in its acquisition of Sybron Dental
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Par Pharmaceutical Companies, Inc. in its acquisition by an affiliate of TPG Capital
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Pentair, Inc. in its combination with Tyco's Flow Control business
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Delphi Financial Group, Inc. in acquisition by Tokio Marine Holdings, Inc.
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Flagstone Reinsurance Holdings, S.A. in its acquisition by Validus Holdings, Ltd.
Prior Experience
Cravath, Swaine & Moore LLP — February 2011 through May 2014
The Goldman Sachs Group, Inc. — April 2010 through January 2011
Wachtell, Lipton, Rosen & Katz — June 2005 through March 2010
Proskauer Rose LLP — September 2003 through June 2005
More
Thought Leadership
Publications
Co-Author, “Exchange Rules Impact Compensation Committee Composition,” The Metropolitan Corporate Counsel, March 2004.
Contributing Author, “Jobs Act Impacts Design and Administration of Deferred Compensation,” The Journal of Taxation and Regulation of Financial Institutions, April 2005.
Co-Author, “Change-of-Control Agreements and Section 409A,” Tax Notes, August 2008.
Recognition
Employee Benefits & Executive Compensation - New York, Chambers USA, 2020–2024.
Recognized as a Next Generation lawyer by The Legal 500 United States for Employee Benefits, Executive Compensation and Retirement Plans: Transactional in 2017, 2018 and 2023.
Recognized as a "New York Super Lawyer" for Employee Benefits by Super Lawyers magazine in 2013 and 2014 and as a “New York Rising Star” for Employee Benefits by Super Lawyers magazine in 2012.
Credentials
Admissions & Qualifications
- 2004New York
Languages
- English
- Russian
Education
- Harvard Law SchoolJ.D.2003
- Boston UniversityIndependent Concentration, Legal Studiessumma cum laude, with High Distinction2000Phi Beta Kappa