Status:  Clearance

Acquirer:  HTC Global Ventures, LLC (U.S.)

Acquired:  Ciber, Inc. (U.S.)

Value:  Approx. US$93 million

Industry:  Technology Services

UPDATE:  As required by the Asset Purchase Agreement dated May 17, 2017, the parties were to obtain CFIUS Approval of the transaction.  (See Section 8.5(e), Asset Purchase Agreement, Ciber, Inc., Form 8-K, Ex-2.1, May 19, 2017, SEC Filing.)  Ciber, Inc., disclosed that the “closing . . . occurred on June 8, 2017.” (Ciber, Inc., Form 8-K, June 9, 2017, SEC Filing.)

MultimediaPosted in May 2017

Status: Upcoming/New Filing

On May 18, 2017, Ciber, Inc., and its subsidiaries Ciber International LLC and Ciber Consulting, Inc., companies that provide a broad range of IT services and solutions, “filed in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) a Notice of Successful Bidder, stating that HTC Global Ventures, LLC is the winning bidder pursuant to the bidding procedures approved by the Bankruptcy Court on May 2, 2017.” (Ciber Form 8-K, May 19, 2017, SEC Filing.)  HTC Global Ventures is a wholly owned subsidiary of HTC Global Services.  (See Decl. of Madhava Reddy, ECF No. 240, 17-10772, Bankr. D. Del., available via PACER.)  HTC Global Services is “a global provider of Information Technology and Business Process Outsourcing services headquartered in Troy, Michigan.”  (HTC Global website, about us page, May 25, 2017; see also CRN, HTC Global Outbids Capgemini With Surprise $93M Offer For Ciber, May 19, 2017.)  HTC Global Services is a U.S. based company, but since it is privately held, its ownership is not public.  (See Decl. of Madhava Reddy, ECF No. 240, 17-10772, Bankr. D. Del., available via PACER.)  The Asset Purchase Agreement requires that the parties “submit to CFIUS a draft notification of the transactions contemplated by this Agreement within fifteen (15) Business Days” of the agreement.  (Asset Purchase Agreement, § 8.5(e), Ciber Form 8-K, Ex-2.1, May 19, 2017, SEC Filing.)  In April 2017, a potential CFIUS filing was previously reported for the stalking horse asset acquisition bid by Capgemini America, Inc..