Brian Fleming Comments on Unique CFIUS Resolution in The Wall Street Journal
"BlackRock Unit Gets Approval to Take Russia-Linked Firm's Stake in Cybersecurity Company"
Wall Street Journal
Brian Fleming commented on an unusual take over deal approved by the Committee on Foreign Investment in the United States (CFIUS) that allows a Russia-linked private-equity firm, Pamplona Capital Management, to transfer its stake in the U.S. cybersecurity company called Cofense Inc. to funds managed by BlackRock Inc. "The only way CFIUS would sign off on a deal in which Pamplona has an economic interest is if all control goes away and all access to inside information goes away," Fleming said, adding that letting Pamplona retain a residual financial interest in the company is a "unique if not unprecedented" move by CFIUS. The article was also picked up by other publications, including Morningstar.