
Stacy Crosnicker
- Employee Benefits and Executive Compensation
Biography
STACY CROSNICKER is a partner in the Washington, D.C. office. She regularly advises private equity funds and private companies in the technology and life sciences sectors on all aspects of transactions related to executive compensation and employee benefits. Stacy has significant experience negotiating transaction documents, advising on equity and cash compensation treatment, implementing executive retention and equity programs, and assisting with employee integration issues. Stacy has significant experience in the corresponding tax laws governing executive compensation, including Sections 409A and 280G of the Internal Revenue Code. In addition, she routinely represents portfolio companies on all aspects of day-to-day executive compensation, equity compensation and employee benefits issues.
Stacy also routinely advises emerging technology and life sciences companies in all aspects of compensation and employee benefits. In particular, she advises on (i) equity compensation, including equity grants and company equity incentive plans, (ii) compensation and benefits issues arising in financings, strategic partnerships, acquisitions, and sales, (iii) employee retention and executive compensation incentive design and planning, and (iv) the design, drafting, implementation, and ongoing administration of qualified plans, nonqualified deferred compensation plans, and compensation programs.
Experience
Representative Matters
- Athletic Brewing Company, a leader in the non-alcoholic beer market, in its US$50 million equity financing round led by General Atlantic
- Clearlake Capital Group, L.P. in a significant new equity investment in Dodge Construction Network
- Symplr in its agreement to acquire Midas Health Analytics Solutions from Conduent Incorporated
- Clearlake Capital Group- and TA Associates-backed DigiCert, Inc., a provider of TLS/SSL, PKI, and IoT solutions, in a strategic investment by Crosspoint Capital Partners, L.P.
- Proven Brands, a portfolio company of Clearlake Capital Group, L.P.’s Better For You Holdings food platform, in its sale for approximately US$259 million to Hain Celestial Group, Inc., an organic and natural products company with operations in North America, Europe, Asia, and the Middle East
- Attralus, Inc., a clinical stage biopharmaceutical company focused on developing therapies to improve the lives of patients with systemic amyloidosis, in the close of its US$116 million Series B Preferred Stock financing
- Reali, a real estate technology company transforming home-buying and selling, in the close of its US$250 million Series B financing led by Zeev Ventures with participation from Akkadian Ventures, Signia Ventures, Group 11, and others
- Clearlake Capital Group, L.P. in its proposed US$5.2 billion acquisition of Cornerstone OnDemand, Inc., a global leader in talent management software
- Symplr in its acquisition of Phynd Technologies, a global healthcare governance, risk management, and compliance software-as-a-service (SaaS) platform
- Ivanti Software, Inc., a portfolio company of Clearlake Capital Group, L.P., in its proposed acquisition of Cherwell Software
- Zywave, Inc., a leading Software-as-a-Service (SaaS) provider of front office distribution solutions backed by Clearlake Capital Group, L.P. and Aurora Capital Partners in its acquisition of Insurance Technologies Corporation (ITC), a provider of marketing, rating and management software and services to the insurance industry, from Accel-KKR
- Cloudbreak Health, LLC, a leading unified telemedicine and video medical interpretation solutions provider, in its pending business combination with GigCapital2 (NYSE: GIX), a SPAC, and GigCapital2’s concurrent business combination with UpHealth Holdings, Inc., one of the largest national and international digital healthcare providers, in a combined deal valued at approximately US$1.35 billion
- Clearlake Capital Group, L.P. in its acquisition of nThrive’s Technology Division from nThrive Holdings, LP, a portfolio company of Pamplona Capital Management
- Clearlake Capital Group, L.P. in its US$3 billion acquisition of Endurance International Group Holdings, Inc., a provider of cloud-based platform solutions designed to help small- and medium-sized businesses succeed online
- ConvergeOne, a portfolio company of CVC Capital Partners, in its acquisition of Altivon
- Ivanti Software, Inc., a portfolio company of Clearlake Capital, in its strategic growth investment by TA Associates
- Revionics, Inc. in its sale to Aptos, a portfolio company of the Merchant Banking Division (MBD) of The Goldman Sachs Group, Inc. and its affiliates
- Perforce Software Inc. in its acquisition of Methodics Holdings Inc., a leading provider of intellectual property lifecycle management and traceability solutions
- BaseHealth, Inc. in its acquisition by Genalyte, Inc.
- Transworld Systems Inc, a Clearlake Capital-backed leading analytics-driven provider of accounts receivable management, healthcare revenue cycle and loan servicing solutions in multiple acquisitions
- Splunk, Inc. in its acquisition of SignalFx, Inc., a SaaS leader in real-time monitoring and metrics for cloud infrastructure, microservices and applications, valued at US$1.05 billion
- Symplr in its acquisition of TractManager, an Arsenal Capital Partners portfolio company
- Dude Solutions Inc., a SaaS provider of cloud-based operations management software backed by Clearlake Capital Group, L.P., in the acquisition of the asset management platform Confirm from Precisely
- Ivanti Software, Inc., a portfolio company of Clearlake Capital Group, L.P., in its acquisition of MobileIron Inc., a provider of mobile-centric unified endpoint management solutions
- Provation, a provider of procedure documentation and clinical decision software solutions backed by Clearlake Capital Group, L.P. in its acquisition of ePreop
- Clearlake Capital Group, L.P. in its acquisition of Zywave, Inc., a Software-as-a-Service (SaaS) provider of front office insurance solutions
- Symplr in its acquisition of ComplyTrack from the Wolters Kluwer Legal & Regulatory division
Community Involvement
Membership & Activities
- Member, New York State Bar Association
- Member, Virginia Bar Association
Credentials
- District of Columbia
- District of Columbia Superior Court
- New York
- Virginia
- Syracuse University College of Law, J.D., 2008, magna cum laude, Order of the Coif
- Union College, B.A., 2005, magna cum laude