Firm News
Veritas Capital Affiliate Acquires EMCORE’s Space Photovoltaics Business
December 10, 2014
SRZ represented Veritas Capital in its affiliate’s purchase of EMCORE Corporation’s Space Photovoltaics business for $150 million in cash. The transaction, announced on Sept. 17, closed on Dec. 10. Albuquerque, NM-based EMCORE provides compound semiconductor-based components, subsystems and systems to the fiber optics and space solar power industries, and its Space Photovoltaics business provides products for space power applications.
The SRZ team representing Veritas Capital included environmental partner Howard B. Epstein; intellectual property, sourcing & technology special counsel Scott M. Kareff; finance partner Ronald B. Risdon; tax partner Kurt F. Rosell; litigation partner Gary Stein; antitrust partner Michael E. Swartz and special counsel Michael G. Cutini; real estate partner Julian M. Wise and special counsel Seth R. Henslovitz; employment & employee benefits associate Frank P. Sabatini, III;and former Schulte lawyers Caitlin R. Cornell and John Garces.
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Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]
Alerts
On March 1, 2024, New York Governor Kathy Hochul signed into law an amended version of the New York LLC Transparency Act (“NYLTA”),[1] requiring certain limited liability companies (“LLCs”) formed or authorized to do business in New York (each, a “NY Reporting Company”) to file a beneficial ownership information (“BOI”) report with the NY Department of State (“NY DOS”). Each NY Reporting Company will be required to disclose on its BOI report identifying information pertaining to each individual who directly or indirectly exercises substantial control or owns or controls 25 percent or more of the ownership interests of a NY Reporting Company (each, a “Beneficial Owner”) and the individuals involved in the NY Reporting Company’s formation or registration to do business in New York (each, an “Applicant”). Information reported to NY DOS will be maintained in a private database not accessible to the public. The NYLTA goes into effect on Jan. 1, 2026 and requires the NY DOS to promulgate regulations implementing the legislation.
Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]