Archives: CFIUS

Committee on Foreign Investment in the U.S.

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CFIUS Filing Withdrawn and Refiled: Broadcom Ltd. and Brocade Communications Systems, Inc.

Status Update:  Withdraw and Refile   Acquirer:  Broadcom Ltd. (Singapore) Acquired:  Brocade Communications Systems, Inc. (US) Value:  Approx. US$5.9 Billion Industry: Telecommunications; Network and Data Solutions; Semiconductors   UPDATE:   As previously reported, in December 2016 Brocade Communications Systems, Inc. and Broadcom Limited prefiled a draft notice to CFIUS concerning the proposed merger agreement, executed on … Continue Reading

CFIUS Filing Withdrawn and Refiled, Again: China Oceanwide Holdings Group Co. Ltd. and Genworth Financial, Inc.

Status Update:  Withdraw and Refile (2nd time)   Acquirer:  China Oceanwide Holdings Group Co. Ltd (China) Acquired:  Genworth Financial Inc. (US) Value:  US$2.7 billion Industry:  Financial Services   UPDATE:  Genworth Financial, Inc., issued a press release on July 13, 2017, in which it reported an update to its pending CFIUS notification filing with China Oceanwide Holdings … Continue Reading

CFIUS Filing Withdrawn and Refiled: MacDonald Dettwiler and Associates and DigitalGlobe

Status:   Withdraw and Refile   Acquirer:  MacDonald Dettwiler and Associates Ltd. (Canada) Acquired:  DigitalGlobe, Inc. (U.S.) Value:  US$3.6 billion (C$4.7 billion) Industry: Telecommunications; Aerospace   UPDATE:  On July 12, MacDonald, Dettwiler and Associates Ltd. issued a press release concerning the status of its CFIUS Approval, which is a condition of its pending acquisition of DigitalGlobe Inc.  … Continue Reading

Upcoming/New CFIUS Filing: Ultra Electronics Holdings and Sparton Corporation

Status:  Upcoming/New Filing   Acquirer:  Ultra Electronics Holdings plc (England and Wales) Acquired:  Sparton Corporation (U.S.) Value:  Approx. US$234.8 million Industry:  Integrated Circuits; Electronic Engineering; Electronic Manufacturing… Continue Reading

CFIUS Filing Clearance: Caisse de dépôt et placement du Québec/Public Sector Pension Investment Board/the National Pension Service of Korea/The Blackstone Group L.P. and Team Health Holdings, Inc.

Status: Clearance   Acquirer: Caisse de dépôt et placement du Québec (Canada), the Public Sector Pension Investment Board (Canada), the National Pension Service of Korea (Korea) and The Blackstone Group L.P. (U.S.) Target:  Team Health Holdings, Inc. (U.S.) Value:  US$6.1 billion Industry:  Healthcare   UPDATE:  On February 6, 2017, Team Health Holdings, Inc., announced the closing of … Continue Reading

CFIUS Filing Withdrawn with Intent to Refile: Shareco Group of America, Inc./Beijing Shareco Technologies Co., Ltd. and Global Eagle Entertainment, Inc.

Status: Withdrawn with Intent to Refile   Acquirer:  Shareco Group of America, Inc. (U.S.)/ Beijing Shareco Technologies Co., Ltd. (China) Acquired:  Global Eagle Entertainment, Inc. (U.S.) Value:  Approximately US$103 million Industry:  Multimedia… Continue Reading

CFIUS Filing Withdrawn & Refiled/Clearance: Golden Gate Capital/GIC Pte. Ltd. and NeuStar, Inc.

Status Update:  Withdrawn and Refiled; Clearance   Acquirer:  Golden Gate Capital (U.S.); GIC Pte. Ltd. (Singapore) Acquired:  NeuStar, Inc. (U.S.) Value:  Approx. US$2.9 billion Industry: Information Technology   UPDATE:  “On June 12, 2017, NeuStar received written notification from the Committee on Foreign Investment in the United States (“CFIUS”) that it will not take action to prevent … Continue Reading

CFIUS Filing Withdrawn & Refiled, Again: Canyon Bridge Capital Partners, Inc. and Lattice Semiconductor Corp.

Status Update:  Withdraw and Refile (2nd time)   Acquirer:  Canyon Bridge Capital Partners, Inc. (U.S.) Acquired:  Lattice Semiconductor Corp. (US) Value:  Approximately US$1.3 Billion Industry:  Integrated Circuits; Semiconductors   UPDATE:  On June 9, 2017, Lattice Semiconductor Corporation, Canyon Bridge Acquisition Company, Inc., and Canyon Bridge Merger Sub, Inc. amended their merger agreement “pursuant to which the … Continue Reading

CFIUS Filing Update: Zhongwang USA LLC/Liu Zhongtian and Aleris Corporation

Status Update:  Refiled   Acquirer:  Zhongwang USA LLC (U.S.); Liu Zhongtian (China) Acquired:  Aleris Corporation (U.S.) Value:  Approx. US$2.3 billion Industry:  Steel   UPDATE:  In a regulatory filing on May 26, 2017, Aleris Corporation stated that, in relation to the August 29, 2016 merger agreement with Zhongwang USA LLC, the parties “have refiled their joint … Continue Reading

CFIUS Filing Clearance: Bohai Financial Investment Holding Co. and C.I.T. Leasing Corporation; C2 Aviation Capital, Inc.

Status:  Clearance   Acquirer:  Bohai Financial Investment Holding Co., Ltd. (China) Acquired:  C.I.T. Leasing Corporation (U.S.); C2 Aviation Capital, Inc. (U.S.) Value:  US$10.4 Billion Industry:  Aerospace   UPDATE:  On April 4, 2017, CIT Group Inc. “announced that it completed the sale of its commercial aircraft leasing business to Avolon Holdings Limited (Avolon), the international aircraft leasing … Continue Reading