CFIUS

Committee on Foreign Investment in the U.S.

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Upcoming/New CFIUS Filing: Empower Retirement, Great-West Lifeco, Power Corp. of Canada and Personal Capital Corporation

By Trade Practitioner on Posted in CFIUS, CFIUS Filing, Financial Services, Upcoming/New Filing
Status:  Upcoming/New Filing Acquirer:  Empower Retirement, LLC (US); Great-West Lifeco Inc. (Canada); Power Corporation of Canada (Canada) Acquired:  Personal Capital Corporation (US) Value:  US$825 million Industry:  Financial Services Empower Retirement, LLC, a US subsidiary of Great-West Lifeco Inc., a publicly traded Canadian financial services holding company (TSX:GWO) that is majority owned by the publicly traded … Continue Reading

Accounting for CFIUS Regulatory Risk in Transactions Involving Property Rights at Airports and Maritime Ports

By Trade Practitioner on Posted in CFIUS, CFIUS Development, Foreign Direct Investment (FDI), National Security
New rules went into effect on February 13, 2020, that implemented the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), expanding the authority of the Committee on Foreign Investment in the United States (CFIUS), the US agency that reviews foreign investments in the US for potential national security concerns. The new rules include CFIUS … Continue Reading

CFIUS Clearance: Huatai Securities, AssetMark Financial Holdings and WBI OBS Financial

By Trade Practitioner on Posted in CFIUS, CFIUS Filing, China, Clearance, Financial Services, US
Status:  Clearance Acquirer:  Huatai Securities Co., Ltd. (China); AssetMark Financial Holdings, Inc., (US) Acquired:  WBI OBS Financial, LLC (US) Value:  US$18.4 million Industry:  Financial Services On September 30, 2019, AssetMark Financial Holdings, Inc. (NYSE: AMK), a “provider of extensive wealth management and technology solutions that power independent financial advisers and their clients,” (AssetMark Financial Holdings, Inc., … Continue Reading

CFIUS Clearance: Tonghao Information Technology, and UTStarcom Holdings Corp.

By Trade Practitioner on Posted in CFIUS, CFIUS Filing, China, Clearance, Telecommunications
Status:  Clearance Acquirer:             Tonghao Information Technology (Shanghai) Co., Ltd. (China) Acquired:            UTStarcom Holdings Corp. (Cayman Islands) Value:                   Approx. US$49.2 Million Industry:             Telecommunications… Continue Reading

CFIUS: Interim Rule Establishes Filing Fees as of May 1, 2020

By Trade Practitioner on Posted in CFIUS, CFIUS Development, COVID-19 Coronavirus
UPDATE:  On April 29, 2020, the US Department of the Treasury (the Treasury) issued an interim rule, effective May 1, 2020, concerning applicable filing fees for formal notice filings with the Committee on Foreign Investment in the United States (CFIUS or Committee), essentially implementing the proposed rule issued on March 9, 2020.… Continue Reading

Upcoming/New CFIUS Filing: ProSiebenSat.1 Media SE; General Atlantic Coöperatief U.A. and The Meet Group, Inc.

By Trade Practitioner on Posted in CFIUS, CFIUS Filing, EU, Germany, Information Services, Software, Upcoming/New Filing, US
Status:  Upcoming/New Filing Acquirer:  ProSiebenSat.1 Media SE (Germany) and General Atlantic Coöperatief U.A. (The Netherlands) Acquired:  The Meet Group, Inc. (US) Value:   $500 million (Approx.) Industry:  Software; Information Services… Continue Reading

Upcoming/New CFIUS Filing: Aon plc and Willis Towers Watson Public Company Limited

By Trade Practitioner on Posted in CFIUS, CFIUS Filing, Financial Services, Insurance, Upcoming/New Filing
Status:  Upcoming/New Filing Acquirer:             Aon plc (UK, Ireland) Acquired:            Willis Towers Watson Public Company Limited (Ireland) Value:                   Approx. US$24 billion Industry:             Financial Services; Insurance… Continue Reading

CFIUS Filing Clearance: BC Partners and Presidio, Inc.

By Trade Practitioner on Posted in CFIUS, CFIUS Filing, Clearance, Network and Data Solutions, Technology Services, United Kingdom, US
Status:                  Clearance Acquirer:             BC Partners (United Kingdom) Acquired:            Presidio, Inc. (US) Value:                   Approx. US$2.2 billion Industry:              Technology Services; Network and Data Solutions… Continue Reading

Upcoming/New CFIUS Filing: WSP Global Inc. and Ecology and Environment Inc.

By Trade Practitioner on Posted in Americas, CFIUS, CFIUS Filing, Engineering, Industrial Products and Services, Upcoming/New Filing, US
Status:  Upcoming/New Filing   Acquirer:             WSP Global Inc. (Canada) Acquired:            Ecology and Environment Inc. (US) Value:                   Approx. US$67.3 Million Industry:             Engineering; Industrial Products & Services… Continue Reading

CFIUS Authority Expanded Via FIRRMA Implementing Regulations

By Trade Practitioner on Posted in CFIUS, CFIUS Development, US Regulation
UPDATE:  An annotated form of the full list of covered investment critical infrastructure and functions related to covered investment critical infrastructure as proposed by CFIUS that is referenced below is now available under the CFIUS Resources section of this blog. On September 17, 2019, the US Department of the Treasury issued proposed regulations to implement the … Continue Reading
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