Withdrawn and Abandoned

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CFIUS Filing Withdrawn; Abandoned: Voltabox and Navitas Systems

By Trade Practitioner on November 18, 2018 Posted in CFIUS Case Summaries, Withdrawn and Abandoned

Status: Withdrawn; Abandoned Acquirer: Voltabox AG (Germany) Acquired: Navitas Systems, LLC (US) Value: EUR €37 million (approx. US$43 million) Industry: Energy; Battery and Electronic Component Manufacturing… Continue Reading

CFIUS Filing Withdrawn, Deal Abandoned: Unic Capital Management, China Integrated Circuit Industry Investment Fund and Xcerra, Inc.

By Trade Practitioner on March 1, 2018 Posted in CFIUS Case Summaries, China, US, Withdrawn, Withdrawn and Abandoned

Status: Withdrawn; Abandoned Acquirer: Unic Capital Management Co., Ltd. (China); China Integrated Circuit Industry Investment Fund Co. (China) Acquired: Xcerra, Inc. (US) Value: Approx. US$580 million Industry: Semiconductor… Continue Reading

CFIUS Filing Withdrawn, Deal Abandoned: BlueFocus International Limited and Cogint

By Trade Practitioner on February 27, 2018 Posted in CFIUS Case Summaries, Withdrawn and Abandoned

Status: Withdrawn; Abandoned Acquirer: BlueFocus International Limited (Hong Kong SAR, China) Acquired: Cogint, Inc. (US) Value: Approx. US$100 million and non-cash consideration Industry: Technology Services; Network and Data Solutions… Continue Reading

CFIUS Filing: Orient Hontai Capital/Orient Securities and AppLovin

By Trade Practitioner on December 19, 2017 Posted in CFIUS Case Summaries, China, Upcoming/New Filing, US, Withdrawn and Abandoned

Status: (1) Abandoned; (2) Upcoming/New Filing Acquirer: Orient Hontai Capital (China); Orient Securities Limited (China) Acquired: AppLovin Corp. (US) Value: (1) US$1.4 billion acquisition; (2) US$841 million debt financing Industry: Software; e-Commerce… Continue Reading

Zhongwang USA LLC/Liu Zhongtian and Aleris Corporation Abandon CFIUS Filing

By Trade Practitioner on November 13, 2017 Posted in Aluminum, CFIUS Case Summaries, Foreign Investment Reviews, Metals, Withdrawn and Abandoned

Status Update: Abandoned Acquirer: Zhongwang USA LLC (US); Liu Zhongtian (China) Acquired: Aleris Corporation (US) Value: Approx. US$2.3 billion Industry: Metals; Aluminum… Continue Reading

Clariant Ltd. and Huntsman Corporation Abandon CFIUS Filing

By Trade Practitioner on October 30, 2017 Posted in Americas, CFIUS Case Summaries, Chemicals, Europe & Central Asia, Foreign Investment Reviews, Switzerland, US, Withdrawn and Abandoned

Status: Abandoned Acquirer: Clariant Ltd. (Switzerland) Acquired: Huntsman Corporation (US) Value: US$20 billion Industry: Chemicals … Continue Reading

CFIUS Filing Withdrawn, Deal Abandoned: Dragon Gem Limited/Absolute Frontier Limited and PEDEVCO Corp.

By Trade Practitioner on October 6, 2017 Posted in CFIUS Case Summaries, East Asia & the Pacific, US, Withdrawn and Abandoned

Status: Withdrawn and Abandoned Acquirer: Dragon Gem Limited and Absolute Frontier Limited (Hong Kong SAR, China) Acquired: PEDEVCO Corp. (US) Value: $12 million Industry: Energy… Continue Reading

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

By Trade Practitioner on October 3, 2017 Posted in CFIUS Case Summaries, China, East Asia & the Pacific, Europe & Central Asia, Withdrawn and Abandoned

Status: Withdrawn and 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 Abandoned/Likely Clearance: Vizio and LeEco

By Trade Practitioner on September 9, 2017 Posted in CFIUS Case Summaries, Likely Clearance, Withdrawn and Abandoned

Status: Abandoned/Likely Clearance Acquirer: LeEco V. Ltd. (Cayman Islands); LeEco Global Holding Ltd. (China) Acquired: Vizio, Inc. (US) Value: Approx. US$2.25 billion Industry: Consumer electronics… Continue Reading

CFIUS Filing Abandoned: Shareco Group of America, Inc./Beijing Shareco Technologies Co., Ltd. and Global Eagle Entertainment, Inc.

By Trade Practitioner on August 7, 2017 Posted in CFIUS Case Summaries, Withdrawn and Abandoned

Status: Abandoned 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 Abandoned: T.C.L. Industries Limited/TCL Corporation and Inseego Corp./Novatel Wireless

By Trade Practitioner on June 12, 2017 Posted in CFIUS Case Summaries, China, US, Withdrawn and Abandoned

Status: Withdrawn and Abandoned Acquirer: T.C.L. Industries Holdings (H.K.) Limited (Hong Kong SAR, China); TCL Corporation (China) Acquired: Inseego Corp. (US); Novatel Wireless, Inc. (US) Value: US$50 million Industry: Telecommunications… Continue Reading

CFIUS Filing Withdrawn, Deal Abandoned: Hybrid Kinetic Group Limited and UQM Technologies, Inc.

By Trade Practitioner on June 6, 2017 Posted in CFIUS Case Summaries, Withdrawn and Abandoned

Status: Withdrawn and Abandoned Acquirer: Hybrid Kinetic Group Limited (Hong Kong SAR, China) Acquired: UQM Technologies, Inc. (US) Value: Approx. US$48 million Industry: Automotive; Electric Vehicles… Continue Reading

CFIUS Filing Withdrawn, Deal Abandoned: Infineon Technologies AG and Cree, Inc.

By Trade Practitioner on February 17, 2017 Posted in CFIUS Case Summaries, Withdrawn and Abandoned

Status Update: Withdrawn and Abandoned Acquirer: Infineon Technologies AG (Germany) Acquired: Cree, Inc. (US) Value: US$850 million Industry: Semiconductors UPDATE: On February 16, 2017, Cree Inc., announced that “it will terminate the definitive agreement to sell its Wolfspeed Power and RF division (“Wolfspeed”), which includes the silicon carbide substrate business for power, RF and … Continue Reading

CFIUS Filing Withdrawn, Deal Abandoned: San’an Optoelectronics and GCS Holdings

By Trade Practitioner on September 1, 2016 Posted in CFIUS Case Summaries, Withdrawn and Abandoned

Status: Withdrawn and Abandoned Acquirer: San’an Optoelectronics Co., Ltd. (China) Target: GCS Holdings, Inc. (Caymen Islands) / Global Communications Semiconductors, LLC (California) Value: US$226 million Industry: Semiconductors On August 1, San’an Optoelectronics Co., Ltd., announced that its subsidiary, Xiamen San’an Integrated Circuit Co., Ltd., had agreed with the Taiwan publicly traded company GCS Holdings … Continue Reading

CFIUS Filing Withdrawn; Deal Abandoned: Unisplendour Corp. and Western Digital Corp.

By Trade Practitioner on February 24, 2016 Posted in CFIUS Case Summaries, China, US, Withdrawn and Abandoned

Status: Withdrawn; Abandoned Acquirer: Unisplendour Corporation (China) Acquired: Western Digital Corp. (US) Value: Approximately US$3.78 billion Industry: Technology… Continue Reading

CFIUS Filing Withdrawn; Abandoned: Consortium Led by GO Scale Capital and Lumileds

By Trade Practitioner on January 25, 2016 Posted in CFIUS Case Summaries, China, US, Withdrawn and Abandoned

Status: Withdrawn; Abandoned Acquirer: GO Scale Capital (China); GSR Ventures (China); Oak Investment Partners (US); Asia Pacific Resource Development (China); Nanchang Industrial Group (China) Acquired: Lumileds (Netherlands) Value: Approximately US$2.9 billion Industry: Semiconductors… Continue Reading