Archives: CFIUS

Committee on Foreign Investment in the U.S.

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CFIUS Filing Under Investigation: ARRIS International plc, Brocade Communications Systems and Broadcom

Status:  Investigation   Acquirer:  ARRIS International plc (England and Wales) Acquired:  Brocade Communications Systems, Inc. (US); Broadcom Ltd. (Singapore) Value:  US$800 million Industry: Telecommunications; Network and Data Solutions; Semiconductors… Continue Reading

Proposed Bill to Assess Chinese Acquisitions of US Financial Services Company and Temporarily Halt Pending Acquisitions

On November 2, 2017, Representative Christopher Smith (R-NJ), introduced a bill that would “authorize a review of financial services industry requirements of the People’s Republic of China and the implications of such requirements on national security interests of the United States.” (H.R. 4235, 115th Congress, Nov. 2, 2017).  The bill would require the Secretary of … Continue Reading

CFIUS Filing Clearance: BC Partners/Medina Capital/Longview Asset Management and CenturyLink

Status:  Clearance Acquirer:  BC Partners (United Kingdom); Medina Capital (US); Longview Asset Management Ltd. (Canada) Acquired:   CenturyLink, Inc. (US) Value:  Approx. US$2.3 billion Industry:  Technology Services; Network and Data Solutions… Continue Reading

CFIUS Filing Withdrawn/Abandoned: NavInfo/Tencent/GIC Pte and HERE International

Status:  Withdrawn/Abandoned   Acquirer:  NavInfo Co., Ltd., (China); Tencent Holdings Limited (China); GIC Pte (Singapore) Acquired:  HERE International B.V. (Netherlands) Value:  Unknown, potentially US$330 million Industry:  Technology Services; Software… Continue Reading

CFIUS Filing Clearance: MacDonald Dettwiler and Associates and DigitalGlobe

Status:   Clearance   Acquirer:  MacDonald Dettwiler and Associates Ltd. (Canada) Acquired:  DigitalGlobe, Inc. (US) Value:  US$3.6 billion (C$4.7 billion) Industry: Telecommunications; Aerospace   UPDATE:  On September 28, 2017, MacDonald, Dettwiler and Associates Ltd., the Canadian global communications and information company, and DigitalGlobe, Inc., a US based satellite imagery company, “announced that the Committee on Foreign Investment … Continue Reading

CFIUS Filing Withdrawn for Third Time: China Oceanwide Holdings Group Co. Ltd. and Genworth Financial, Inc.

Status Update:  Withdrawn (3rd time)   Acquirer:  China Oceanwide Holdings Group Co. Ltd (China) Acquired:  Genworth Financial Inc. (US) Value:  US$2.7 billion Industry:  Financial Services   UPDATE:  In an October 2, 2017 press release, Genworth Financial Inc. and China Oceanwide Holdings Group Co., Ltd. “reported that they have withdrawn their joint voluntary notice with the Committee … Continue Reading

European Commission Considers a CFIUS-like Framework for Screening Foreign Investments

On September 13, 2017, the European Commission published the draft of the EU regulation establishing a common European framework for the review of incoming foreign direct investment (FDI), akin to the process in the US administered by Committee on Foreign Investment in the US (CFIUS).… Continue Reading

President Decides Fate on CFIUS Filing: Canyon Bridge Capital Partners, Inc. and Lattice Semiconductor Corp.

Status: Presidential Order   Acquirer:  Canyon Bridge Capital Partners, Inc. (US); China Venture Capital Fund Corporation Limited (China) Acquired:  Lattice Semiconductor Corp. (US) Value:  Approximately US$1.3 Billion Industry:  Integrated Circuits; Semiconductors… Continue Reading

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

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