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Charlotte May

Partner

Washington +1 202 662 5732

  • About
  • Representative Matters
  • Credentials
  • About

    Advising clients on a broad range of corporate and securities matters, Charlotte May regularly handles capital markets transactions, mergers and acquisitions, and general corporate governance, securities disclosure, and compliance issues.

    Charlotte represents a wide range of corporate clients with particular experience in the financial services, fintech and gaming industries. She assists clients with respect to various transactional matters, including primary and secondary registered offerings, private placements, exchange offers, tender offers, mergers and acquisitions, partnerships, joint ventures, strategic alliances, and similar matters. She also advises various public companies in the preparation of SEC periodic reports, proxy statements, beneficial ownership reports, public company disclosure and on other securities law and stock exchange compliance matters. Charlotte also counsels public companies on a variety of corporate governance matters, including board and committee composition, governance and organization, internal and disclosure controls, insider trading and similar matters. Charlotte also serves as a co-chair of the firm’s Financial Services Group and Fintech Initiative.

    Charlotte’s recent pro bono work includes advising World Central Kitchen in connection with various contracts required to provide meals in response to humanitarian, climate, and community crises, advising Humane Rescue Alliance in its acquisition of St. Hubert’s Animal Welfare Center and advising Kitty of Angels, Inc. and Medical Student Orthopedic Society, Inc. in its formation as a nonprofit and 501(c)(3) company.

    Charlotte also acts as the General Counsel for Global Gaming Women Educational Foundation, a nonprofit organization dedicated to expanding the professional development of women in the gaming industry, and is a board member for Kitty of Angels, Inc., a non-profit organization in Los Angeles that Charlotte helped form that provides funds and resources for homeless cats and kittens. In addition to her work at Covington, Charlotte:

    • Acts as the Vice-Chair of the American Bar Association’s M&A Committee, the world’s largest forum for M&A lawyers
    • Acts as the Co-Chair of the American Bar Association’s Women in M&A Subcommittee, which focuses on the participation, promotion, and retention of women in the M&A field
    • Serves as Chair of the American Bar Association M&A Market Trends Subcommittee Public Target Deal Points Study, which is widely recognized as the gold standard for market metrics of key negotiated deal points in public target M&A deals
    • Served as a Study Leader for the American Bar Association’s M&A Market Trends Subcommittee Deal Points Study on Carveout Transactions. The study is one of its kind for market metrics of key negotiated deal points in carveout transactions

    Charlotte was a judicial extern for Hon. Judge Consuelo B. Marshall, U.S. District Court, Central District of California prior to joining the firm.

    Areas of Expertise

  • Practices and Industries
  • Representative Matters

    Recent capital markets transactions include:

    • Represented Five Star Bancorp on its $100 million Nasdaq initial public offering with an aggregate deal value of $121.1 million and follow-on common stock offering with an aggregate deal value of $81.5 million
    • Represented Coastal Financial Corporation in its $34.5 million follow-on common stock offering and its private placement of $20 million of subordinated notes
    • Represented the underwriters on the Nasdaq initial public offering by Origin Bancorp, Inc. with an aggregate deal value of $142.2 million
    • Represented the underwriters in Professional Holding Corp,’s Nasdaq initial public offering
    • Represented underwriters in Fulton Financial Corporation’s $287.5 million common stock public offering
    • Represented the placement agents in First Carolina Financial Services’ $155 million private placement of common stock
    • Represented Insmed Incorporated in its public offerings of $402.5 million of common stock and $450 million of convertible senior notes
    • Represented the underwriters in Atlantic Union Bankshares Corporation’s $250 million public offering of subordinated notes and its $301.4 million secondary public offering of common stock
    • Represented the underwriters in Renasant Corporation’s $200 million public offering of subordinated notes
    • Represented the underwriters in IBERIABANK Corporation’s $100 million public offering of depositary shares

    Recent M&A transactions include:

    • Represented Enova International, Inc. in its $369 million acquisition of Grasshopper Bancorp, Inc.
    • Represented Renasant Corporation in its $1.2 billion acquisition of The First Bancshares and concurrent $230 million equity offering
    • Represented WSFS Financial Corporation in its $976 million acquisition of Bryn Mawr Trust Corporation; its $1.5 billion acquisition of Beneficial Bancorp, Inc.; its sale of five Beneficial Bank branches in New Jersey to The Bank of Princeton and its investment in Spring EQ
    • Represented Simmons First National Corporation in its $581 million acquisition of Spirit of Texas Bancshares, Inc.; $146.3 million acquisition of Landmark Community Bank; $131.6 Million acquisition of Triumph Bancshares, Inc.; $434 million acquisition of The Landrum Company; and $214 million acquisition of Reliance Bancshares, Inc.
    • Represented CFBanc Corporation in its merger of equals with Broadway Financial Corporation to create the largest Black-led Minority Depository Institution in the U.S. with more than $1 billion in combined assets under management and approximately $850 million in total depository institution assets
    • Represented Veritex Holdings, Inc. in its $1 billion acquisition of Green Bancorp, Inc. and its acquisition of North Avenue Capital, LLC
    • Represented East West Bancorp in the acquisition of a non-controlling interest in Rayliant Global Advisors
    • Represented MidFirst Bank in its acquisition of Amerant Bank’s Houston locations
    • Represented Atlantic Union Bankshares Corporation in its $444M acquisition of American National and its $500 million acquisition of Access National Corporation
    • Represented OneMain Holdings in its $115M Acquisition of Foursight Capital from Jefferies Financial Group

    Areas of Expertise

  • Credentials
    Education
    • University of California, Los Angeles School of Law, J.D., 2013
        • UCLA Entertainment Law Review, Managing Editor and Submissions Editor
    • University of San Diego, B.A., 2010
        • cum laude
    Bar Admissions
    • District of Columbia
    • California
    Accolades
    Memberships and Affiliations
    • Vice-Chair of the ABA M&A Committee
    • Co-Chair of the ABA Women in M&A Committee
    • General Counsel for Global Gaming Women Educational Foundation
    • Kitty of Angels, Inc., Board Member
    • Chair of ABA's M&A Market Trends Subcommittee Public Target Deal Points Study
    • Study Leader for ABA’s M&A Market Trends Subcommittee Deal Points Study on Carveout Transactions
    Previous Experience
    • Judicial extern for Hon. Judge Consuelo B. Marshall, U.S. District Court, Central District of California    

    Areas of Expertise

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