Archives: CFIUS

Committee on Foreign Investment in the U.S.

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CFIUS Prefiling: HNA Group (International) Co., Ltd and Ness Technologies

Status:  Prefiling   Acquirer:  HNA Group (International) Co., Ltd. (Hong Kong, SAR China); Pactera Technology International Limited (China) Acquired:  Ness Technologies S.A.R.L. (Luxemburg); Jersey Holdings Corporation (US) Value:  Approximately US$325 million Industry:  Software; IT Services… Continue Reading

Withdrawn CFIUS Filing Pending Refiling: China Oceanwide Holdings Group Co. Ltd. and Genworth Financial, Inc.

Status Update:  Withdrawn, 3rd time, Refile Pending   Acquirer:  China Oceanwide Holdings Group Co. Ltd (China) Acquired:  Genworth Financial Inc. (US) Value:  US$2.7 billion Industry:  Financial Services   UPDATE:  The president and CEO of Genworth Financial Inc., Tom McInerney, stated in a press release that Genworth Financial and China Oceanwide Holdings Group Co., Ltd. “expect to … Continue Reading

CFIUS Reform: Proposed Legislation to Expand National Security Reviews

The Foreign Investment Risk Review Modernization Act of 2017 (“S. 2098/H.R. 4311” or FIRRMA) was introduced in the US Congress on November 8, 2017 to institute “a modernization of the processes and authorities” of the Committee on Foreign Investment in the United States (CFIUS or the “Committee”).… Continue Reading

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