International investment firm Triton received clearance from the Committee on Foreign Investment in the United States (CFIUS) in connection with its acquisition of a majority interest in RENK AG, a manufacturer of special gear units and transmissions for tracked vehicles, industrial applications, and the shipbuilding industry, as well as components for propulsion technology and test systems, from Volkswagen. CFIUS concluded that there were no unresolved national security concerns with respect to the transaction.
Latham & Watkins LLP represented Triton in the transaction and advised the firm on the CFIUS clearance process. The CFIUS team was led by partner Les Carnegie and counsel Rachel Alpert, with associate Tahura Lodhi, in Washington, D.C. The corporate deal team is led by partner Rainer Traugott, with associate Stephan Hufnagel, in Munich, and partner Dirk Kocher and counsel Andreas Lönner in Hamburg.