Paul Hastings LLP‘s team advises a client base which includes foreign acquirers and US sellers, regarding CFIUS outreach after non-notified transactions, as well as providing pre-transaction counseling. The team’s experience in the technology sector is highlighted. At the helm is Keith Schomig, who is a highly regarded CFIUS practitioner, with expertise in strategic planning, risk assessment, filing and mitigation negotiation. Scott Flicker has retired.
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Key clients
- AssetMark Financial Holdings, Inc.
- MGX (Cerebras)
- CPX (Spidersilk)
- CWT (Amex GBT)
- Cellebrite (Corellium)
Work highlights
Acting as CFIUS counsel for AssetMark Financial Holdings, an asset management platform, supporting all of the company’s M&A and strategic investment activity including working with the company and the U.S. government to secure termination of the mitigation agreements following the closing of AssetMark’s merger with a fund controlled by another client.
Engaged by TCL Zhonghuan Renewable Energy Technology Co., Ltd. to advise on the strategic planning for a potential CFIUS review and clearance process.
Advised CPX, an Abu Dhabi company ultimately owned by G42, in its acquisition of Spidersilk Inc., a BVI company with a US subsidiary, which included conducting a full CFIUS assessment and concluded that a CFIUS filing was not recommended based on the overall risk profile and scope of operations of the US subsidiary and CPX.
Practice head
Keith Schomig