Latham & Watkins Assists RENK in Securing CFIUS Clearance

RENK Group AG (RENK), a leading supplier of military and civilian propulsion solutions, received clearance from the Committee on Foreign Investment in the United States (CFIUS) in connection with its acquisition of certain assets of Cincinnati Gearing Systems Inc., a recognized leader in the design and manufacture of precision gears and power transmission equipment, components, and spare parts for military and industrial applications. CFIUS concluded that there were no unresolved national security issues with respect to the transaction.

Latham & Watkins LLP represented RENK in the transaction. The CFIUS team was led by Washington, D.C. partner Les Carnegie and counsel Ruchi Gill, with associates Elliot Hecht and Christine Kalpin. The M&A team was led by Munich partner Rainer Traugott and New York partner Daniel Williams.