Upcoming/New CFIUS Filing: Golden Gate Capital/GIC Pte. Ltd. and NeuStar, Inc.
Saturday, December 24, 2016

Status:  New/Upcoming Filing

Acquirer:  Golden Gate Capital (U.S.); GIC Pte. Ltd. (Singapore)

Acquired:  NeuStar, Inc. (U.S.)

Value:  Approx. US$2.9 billion

Industry:  Information Technology

MultimediaOn December 14, NeuStar, Inc., a Virginia based technology company, announced that it entered an agreement to be acquired by an investment group led by Golden Gate Capital, a U.S. private investment firm.  (See NeuStar Press Release, Dec. 14, 2016.)  The announcement also stated that an affiliate of GIC Pte. Ltd., a Singapore investment fund that manages the government of Singapore’s foreign reserves, is one of the investors that will have a minority stake. (See id.)  According to the Agreement and Plan of Merger, approval from the Committee on Foreign Investment in the United States (CFIUS) is a condition to closing the transaction.  (See Agreement and Plan of Merger, NeuStar Form 8-K, Ex-2.1, Section 6.1(f), Dec. 14, 2016, SEC Filing.)

NeuStar provides various services, such as data sets and proprietary real-time analytics to promote and protect businesses; proprietary cloud-based platforms; a comprehensive suite of marketing services and IT security solutions.  (NeuStar Form 10-K, Feb. 29, 2016, SEC Filing.)  NeuStart also “provide[s] communications service providers in the United States critical infrastructure that enables the dynamic routing of calls and text messages.”  (Id.)

 

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