Upcoming/New CFIUS Filing: Cinedigm Corp, Bison Capital Holdings, and Future Today

Status:  Upcoming/New Filing

 

Acquirer:  Cinedigm Corp. (US); Bison Capital Holdings Company Limited (China)

Acquired:  Future Today Inc (US)

Value:  Approx. US$60 Million

Industry:  Multimedia Continue Reading

CFIUS Filing Clearance: Huatai Securities, AssetMark Financial Holdings, and Global Financial Private Capital

Status:  Clearance

 

Acquirer:  Huatai Securities Co., Ltd. (China); AssetMark Financial Holdings, Inc., (US)

Acquired:  Global Financial Private Capital, LLC (US)

Value:  US$35.9 Million

Industry:  Financial Services

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CFIUS Filing Clearance: Beijing Jianguang Asset Management Co., and RJR Technologies, Inc.

Status:  Clearance

 

Acquirer:  Beijing Jianguang Asset Management Co., Ltd. (China)

Acquired:  RJR Technologies, Inc. (US)

Value:  Unknown (Purportedly US$5.5 Million)

Industry:  Electronic Engineering

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CFIUS Filing Clearance: Utimaco and Micro Focus International

Status:  Clearance

 

Acquirer:  Utimaco GmbH (Germany)

Acquired:  Atalla and ESKM Product Lines of Micro Focus International plc (UK)

Value:  Approx. US$20 Million

Industry:  Software; Cybersecurity

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Brookfield Infrastructure Partners, Brookfield Asset Management, GIC Pte, and Genesee & Wyoming

Status:  Upcoming/New Filing

 

Acquirer:  Brookfield Infrastructure Partners, L.P. (Bermuda); Brookfield Asset Management Inc. (Canada); GIC Pte. Ltd. (Singapore)

Acquired:  Genesee & Wyoming Inc. (US)

Value:  Approximately US$8.4 Billion

Industry:  Transportation Continue Reading

Recent Cuba Travel-related Settlements With OFAC Demonstrate Importance of Robust Sanctions Compliance Program

On June 13, 2019, the US Treasury Department’s Office of Foreign Assets Control (OFAC) announced settlements with three travel companies – Expedia Group, Inc. (Expedia), Hotelbeds USA, Inc. (Hotelbeds USA) and Cubasphere Inc. (Cubasphere) – for their alleged involvement in booking travel to Cuba or arranging trips for Cuban nationals between 2011 and 2014. Continue Reading

US Adds Five Chinese Companies to the Department of Commerce Entity List

Macro View Central Processor Unit On MainboardOn June 24, 2019, the US Department of Commerce, Bureau of Industry and Security (BIS) published in the Federal Register a Final Rule designating five entities, all located in China, to the Entity List.

The five entities are:

  • Chengdu Haiguang Integrated Circuit – aliases include Hygon and Chengdu Haiguang Jincheng Dianlu Sheji
  • Chengdu Haiguang Microelectronics Technology – aliases include HMC and Chengdu Haiguang Wei Dianzi Jishu
  • Higon – aliases include Higon Information Technology, Haiguang Xinxi Jishu Youxian Gongsi, THATIC, Tianjing Haiguang Advanced Technology Investment, and Tianjing Haiguang Xianjin Jishu Touzi Youxian Gongsi
  • Sugon – aliases include Dawning, Dawning Information Industry, Sugon Information Industry, Shuguang, Shuguang Information Industry, Zhongke Dawn, Zhongke Shuguang, Dawning Company, and Tianjin Shuguang Computer Industry
  • Wuxi Jiangnan Institute of Computing Technology – aliases include Jiangnan Institute of Computing Technology and JICT

Collectively, we will reference these companies as “the June 24 Listed Companies” hereinafter. Continue Reading

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