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Upcoming/New CFIUS Filing: GIC Pte. Ltd. and Biomat USA

Status:  Upcoming/New Filing

Acquirer:  GIC Pte. Ltd. (Singapore)

Acquired:  Biomat USA, Inc. (U.S.)

Value:  US$1 billion

Industry:  Healthcare

On June 30, 2021, Grifols S.A., a Spanish pharmaceutical and chemical company that is a leading producer of blood plasma-based products, announced that “it has signed a corporate transaction by means of which GIC, the sovereign wealth fund of Singapore, have entered into a definitive agreement under which GIC will invest approx. US$1 Bn in Grifols’ wholly-owned US subsidiary Biomat USA, Inc.,” and “will acquire a minority stake in Biomat, in the form of newly issued preferred non-voting stock.”  (Grifols, S.A., Form 6-K, June 30, 2021, SEC Filing.)  Biomat USA, Inc., “holds a plasma collection business with 296 plasma collection centers throughout the territory of the United States.” (Id.)   “The consummation of GIC’s strategic investment in Grifols is subject to certain closing conditions, including . . . the Committee on Foreign Investments in the United States (CFIUS).”  (Id.)

© Copyright 2022 Squire Patton Boggs (US) LLPNational Law Review, Volume XI, Number 181
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About this Author

Peter C. Alfano III International Trade Attorney Squire Patton Boggs Washington, DC
Senior Associate

Peter Alfano has extensive experience counseling clients on antitrust and national security matters. In the area of national security representations, Peter is a leading practitioner in our International Trade Practice Group focusing on national security investment reviews. In this practice area, Peter is active in representing transacting parties, both US businesses and non-US investors, before the Committee on Foreign Investment in the United States (CFIUS), including negotiating assurance and national security mitigation agreements with CFIUS member agencies. As part...

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