Four Decades for Justice
Benjamin G. Joseloff, a former White House and U.S. Treasury Department official, focuses his practice on advising U.S. and international clients on the regulatory aspects of cross‑border mergers, acquisitions, dispositions, investments and other business transactions. Mr. Joseloff is known in particular for his expertise on matters relating to the Committee on Foreign Investment in the United States (CFIUS).
Representative transactions include representing:
Mr. Joseloff served in the U.S. government for five years, holding senior legal and policy roles relating to national security and foreign investment. From 2017 to 2018, Mr. Joseloff served as Director for International Trade and Investment at the National Security Council (NSC) and the National Economic Council (NEC), where he coordinated White House efforts relating to the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the most substantial update and expansion of CFIUS in 30 years. Most recently, Mr. Joseloff served as Senior Counsel and CFIUS Lead Counsel at the U.S. Department of the Treasury, where he led a team of attorneys that provided legal advice in connection with the Treasury Secretary’s role as Chairperson of CFIUS.
During his time at the White House and Treasury, Mr. Joseloff participated in the review and resolution of hundreds of CFIUS transactions, negotiated or supervised the negotiation of dozens of CFIUS mitigation agreements, drafted portions of the CFIUS regulations and coordinated numerous engagements with U.S. allies and partners on investment security matters. Mr. Joseloff is one of few practitioners to have served as both a CFIUS lawyer at the Treasury and a CFIUS policymaker at the White House, giving him deep, hands‑on experience with every facet of the CFIUS process, from conducting initial jurisdictional analyses to coordinating Presidential prohibitions. In recognition of his contributions, Mr. Joseloff earned a number of individual and team awards for his government service, including the National Security Council’s Outstanding Service Award, the Secretary of the Treasury’s Meritorious Service Award and the Secretary of the Treasury’s Honor Award.
Mr. Joseloff is a member of the American Bar Association, the International Bar Association and the American Society of International Law.
Mr. Joseloff was born in Tokyo, Japan. He received a B.A. summa cum laude from New York University in 2004, where he was elected to Phi Beta Kappa, and a J.D. with Pro Bono Distinction from Stanford Law School in 2008, where he was an Associate Managing Editor and Legislative Notes Editor of the Law and Policy Review and Co‑President of the International Law Society. Following his graduation, Mr. Joseloff served as a law clerk to Hon. Janet C. Hall of the U.S. District Court for the District of Connecticut. After his clerkship, he was a fellow at the American University of Afghanistan in Kabul, Afghanistan. Mr. Joseloff joined Cravath in 2010 as a corporate associate where he worked on securities offerings, syndicated loan transactions and mergers and acquisitions prior to leaving for government in 2014. Mr. Joseloff returned to the Firm in 2019 and was elected of counsel in 2022.
Representative transactions include representing:
Mr. Joseloff served in the U.S. government for five years, holding senior legal and policy roles relating to national security and foreign investment. From 2017 to 2018, Mr. Joseloff served as Director for International Trade and Investment at the National Security Council (NSC) and the National Economic Council (NEC), where he coordinated White House efforts relating to the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the most substantial update and expansion of CFIUS in 30 years. Most recently, Mr. Joseloff served as Senior Counsel and CFIUS Lead Counsel at the U.S. Department of the Treasury, where he led a team of attorneys that provided legal advice in connection with the Treasury Secretary’s role as Chairperson of CFIUS.
During his time at the White House and Treasury, Mr. Joseloff participated in the review and resolution of hundreds of CFIUS transactions, negotiated or supervised the negotiation of dozens of CFIUS mitigation agreements, drafted portions of the CFIUS regulations and coordinated numerous engagements with U.S. allies and partners on investment security matters. Mr. Joseloff is one of few practitioners to have served as both a CFIUS lawyer at the Treasury and a CFIUS policymaker at the White House, giving him deep, hands‑on experience with every facet of the CFIUS process, from conducting initial jurisdictional analyses to coordinating Presidential prohibitions. In recognition of his contributions, Mr. Joseloff earned a number of individual and team awards for his government service, including the National Security Council’s Outstanding Service Award, the Secretary of the Treasury’s Meritorious Service Award and the Secretary of the Treasury’s Honor Award.
Mr. Joseloff is a member of the American Bar Association, the International Bar Association and the American Society of International Law.
Mr. Joseloff was born in Tokyo, Japan. He received a B.A. summa cum laude from New York University in 2004, where he was elected to Phi Beta Kappa, and a J.D. with Pro Bono Distinction from Stanford Law School in 2008, where he was an Associate Managing Editor and Legislative Notes Editor of the Law and Policy Review and Co‑President of the International Law Society. Following his graduation, Mr. Joseloff served as a law clerk to Hon. Janet C. Hall of the U.S. District Court for the District of Connecticut. After his clerkship, he was a fellow at the American University of Afghanistan in Kabul, Afghanistan. Mr. Joseloff joined Cravath in 2010 as a corporate associate where he worked on securities offerings, syndicated loan transactions and mergers and acquisitions prior to leaving for government in 2014. Mr. Joseloff returned to the Firm in 2019 and was elected of counsel in 2022.
American Bar Association
American Society of International Law
International Bar Association
National Security Council’s Outstanding Service Award, 2017
Secretary of the Treasury’s Meritorious Service Award, 2020
Secretary of the Treasury’s Honor Award, 2020
Deals & Cases
April 02, 2024
On April 2, 2024, Endeavor Group Holdings, Inc. (“Endeavor”), a global sports and entertainment company, announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with the Endeavor management team and additional anchor investors. Cravath is representing the independent Special Committee of Endeavor’s board of directors in connection with the transaction.
Deals & Cases
January 29, 2024
On January 29, 2024, Montana Technologies LLC (“Montana Technologies”) announced an agreement to form a joint venture with GE Vernova, a global leader in electrification, decarbonization, and energy solutions, to incorporate GE Vernova’s proprietary sorbent materials into systems that utilize Montana Technologies’ patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology. The joint venture will exclusively manufacture and supply products incorporating the combined technologies to leading original equipment manufacturers and customers in the Americas, Africa, and Australia. Cravath is representing Montana Technologies in connection with the transaction.
Deals & Cases
December 20, 2023
On December 20, 2023, Aon plc (“Aon”), a leading global professional services firm, announced the signing of a definitive agreement to acquire NFP, a leading middle‑market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP’s main capital sponsor, Madison Dearborn Partners, and funds affiliated with HPS Investment Partners. Under the terms of the transaction, Aon will acquire NFP for a total consideration estimated to be $13.4 billion at the time of close, which will be funded by $7 billion of cash and $6.4 billion of Aon stock. Cravath is representing Aon in connection with the transaction.
Deals & Cases
December 18, 2023
On December 18, 2023, ZimVie Inc. (“ZimVie”), a global life sciences leader in the dental and spine markets, announced it has entered into a definitive agreement to sell its spine business to H.I.G. Capital, a leading global alternative investment firm. Under the terms of the agreement, upon the closing of the transaction, ZimVie will receive $375 million in total consideration, comprised of $315 million in cash, subject to certain customary adjustments as set forth in the agreement, and $60 million in the form of a promissory note that will accrue interest at a rate of 10% per annum, compounded semi‑annually, payable in kind. Cravath is representing ZimVie in connection with the transaction.
Deals & Cases
December 12, 2023
On December 11, 2023, HMS Networks AB (“HMS”), a global provider of industrial information and communication technology, announced it has entered into a binding agreement with Spectris Group Holdings Limited to acquire the Red Lion Controls business, a U.S.-based provider of industrial automation solutions, through the acquisition of 100 percent of the shares in Red Lion Controls Inc. and Red Lion Europe GmbH as well as certain assets in other jurisdictions, for a cash consideration of $345 million. Cravath is representing HMS as special U.S. counsel in connection with the transaction.
Activities & Publications
April 12, 2024
On April 11, 2024, Cravath of counsel Benjamin G. Joseloff participated in the 10th National Conference on CFIUS, which was hosted by the American Conference Institute from April 10-12, 2024 in Arlington, VA. Ben spoke on a panel entitled “Introduction to CFIUS: Your A-to-Z Guide to Filing Requirements, Timelines, Mitigation, Enforcement, Penalties and Beyond,” which reviewed the basic regulatory standard necessary for a Committee for Foreign Investment in the United States (“CFIUS”) filing, the national security reasons for CFIUS filings, the scrutiny given to filings and the processing timelines.
Activities & Publications
November 20, 2023
Cravath of counsel Benjamin G. Joseloff and partners George F. Schoen and G.J. Ligelis Jr. co‑authored the U.S. chapter for the International Comparative Legal Guide’s “Foreign Direct Investment Regimes 2024,” which was published by Global Legal Group on November 16, 2023. The chapter examines U.S. foreign investment review policy and the law, regulations and procedures of the Committee on Foreign Investment in the United States (CFIUS), including both jurisdictional and substantive considerations as well as recent developments.
Activities & Publications
May 04, 2023
On May 2, 2023, Cravath partners Benjamin Gruenstein and Daniel J. Cerqueira and of counsel Benjamin G. Joseloff participated in the American Bar Association’s 2023 International Law Section Annual Conference, which was held from May 2‑4, 2023 in New York.
Activities & Publications
May 03, 2023
On May 1, 2023, Cravath of counsel Benjamin G. Joseloff participated in a program entitled “Learning to Thrive in an Era of Fragmented Globalization,” which was hosted by the Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford University in Palo Alto, CA. Ben co‑facilitated a session on the Committee on Foreign Investment in the United States (“CFIUS”) and reverse CFIUS, which explored the challenges of the CFIUS process and the possible parameters of a new outbound investment screening regime.
Activities & Publications
April 13, 2023
On April 12, 2023, Cravath of counsel Benjamin G. Joseloff participated in the 9th National Conference on CFIUS, which was hosted by the American Conference Institute from April 12-14, 2023 in Arlington, VA. Ben spoke on a panel entitled “Introduction to CFIUS Filings: Your A‑to‑Z Guide to the CFIUS Compliance Process, Including Filings, Timelines, Enforcement, and Penalties,” which reviewed the basic regulatory standard necessary for a Committee for Foreign Investment in the United States (“CFIUS”) filing, the national security reasons for CFIUS filings, the scrutiny given to filings and the processing timelines.
Benjamin G. Joseloff, a former White House and U.S. Treasury Department official, focuses his practice on advising U.S. and international clients on the regulatory aspects of cross‑border mergers, acquisitions, dispositions, investments and other business transactions. Mr. Joseloff is known in particular for his expertise on matters relating to the Committee on Foreign Investment in the United States (CFIUS).
Representative transactions include representing:
Mr. Joseloff served in the U.S. government for five years, holding senior legal and policy roles relating to national security and foreign investment. From 2017 to 2018, Mr. Joseloff served as Director for International Trade and Investment at the National Security Council (NSC) and the National Economic Council (NEC), where he coordinated White House efforts relating to the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the most substantial update and expansion of CFIUS in 30 years. Most recently, Mr. Joseloff served as Senior Counsel and CFIUS Lead Counsel at the U.S. Department of the Treasury, where he led a team of attorneys that provided legal advice in connection with the Treasury Secretary’s role as Chairperson of CFIUS.
During his time at the White House and Treasury, Mr. Joseloff participated in the review and resolution of hundreds of CFIUS transactions, negotiated or supervised the negotiation of dozens of CFIUS mitigation agreements, drafted portions of the CFIUS regulations and coordinated numerous engagements with U.S. allies and partners on investment security matters. Mr. Joseloff is one of few practitioners to have served as both a CFIUS lawyer at the Treasury and a CFIUS policymaker at the White House, giving him deep, hands‑on experience with every facet of the CFIUS process, from conducting initial jurisdictional analyses to coordinating Presidential prohibitions. In recognition of his contributions, Mr. Joseloff earned a number of individual and team awards for his government service, including the National Security Council’s Outstanding Service Award, the Secretary of the Treasury’s Meritorious Service Award and the Secretary of the Treasury’s Honor Award.
Mr. Joseloff is a member of the American Bar Association, the International Bar Association and the American Society of International Law.
Mr. Joseloff was born in Tokyo, Japan. He received a B.A. summa cum laude from New York University in 2004, where he was elected to Phi Beta Kappa, and a J.D. with Pro Bono Distinction from Stanford Law School in 2008, where he was an Associate Managing Editor and Legislative Notes Editor of the Law and Policy Review and Co‑President of the International Law Society. Following his graduation, Mr. Joseloff served as a law clerk to Hon. Janet C. Hall of the U.S. District Court for the District of Connecticut. After his clerkship, he was a fellow at the American University of Afghanistan in Kabul, Afghanistan. Mr. Joseloff joined Cravath in 2010 as a corporate associate where he worked on securities offerings, syndicated loan transactions and mergers and acquisitions prior to leaving for government in 2014. Mr. Joseloff returned to the Firm in 2019 and was elected of counsel in 2022.
Representative transactions include representing:
Mr. Joseloff served in the U.S. government for five years, holding senior legal and policy roles relating to national security and foreign investment. From 2017 to 2018, Mr. Joseloff served as Director for International Trade and Investment at the National Security Council (NSC) and the National Economic Council (NEC), where he coordinated White House efforts relating to the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the most substantial update and expansion of CFIUS in 30 years. Most recently, Mr. Joseloff served as Senior Counsel and CFIUS Lead Counsel at the U.S. Department of the Treasury, where he led a team of attorneys that provided legal advice in connection with the Treasury Secretary’s role as Chairperson of CFIUS.
During his time at the White House and Treasury, Mr. Joseloff participated in the review and resolution of hundreds of CFIUS transactions, negotiated or supervised the negotiation of dozens of CFIUS mitigation agreements, drafted portions of the CFIUS regulations and coordinated numerous engagements with U.S. allies and partners on investment security matters. Mr. Joseloff is one of few practitioners to have served as both a CFIUS lawyer at the Treasury and a CFIUS policymaker at the White House, giving him deep, hands‑on experience with every facet of the CFIUS process, from conducting initial jurisdictional analyses to coordinating Presidential prohibitions. In recognition of his contributions, Mr. Joseloff earned a number of individual and team awards for his government service, including the National Security Council’s Outstanding Service Award, the Secretary of the Treasury’s Meritorious Service Award and the Secretary of the Treasury’s Honor Award.
Mr. Joseloff is a member of the American Bar Association, the International Bar Association and the American Society of International Law.
Mr. Joseloff was born in Tokyo, Japan. He received a B.A. summa cum laude from New York University in 2004, where he was elected to Phi Beta Kappa, and a J.D. with Pro Bono Distinction from Stanford Law School in 2008, where he was an Associate Managing Editor and Legislative Notes Editor of the Law and Policy Review and Co‑President of the International Law Society. Following his graduation, Mr. Joseloff served as a law clerk to Hon. Janet C. Hall of the U.S. District Court for the District of Connecticut. After his clerkship, he was a fellow at the American University of Afghanistan in Kabul, Afghanistan. Mr. Joseloff joined Cravath in 2010 as a corporate associate where he worked on securities offerings, syndicated loan transactions and mergers and acquisitions prior to leaving for government in 2014. Mr. Joseloff returned to the Firm in 2019 and was elected of counsel in 2022.
American Bar Association
American Society of International Law
International Bar Association
National Security Council’s Outstanding Service Award, 2017
Secretary of the Treasury’s Meritorious Service Award, 2020
Secretary of the Treasury’s Honor Award, 2020
Deals & Cases
April 02, 2024
On April 2, 2024, Endeavor Group Holdings, Inc. (“Endeavor”), a global sports and entertainment company, announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with the Endeavor management team and additional anchor investors. Cravath is representing the independent Special Committee of Endeavor’s board of directors in connection with the transaction.
Deals & Cases
January 29, 2024
On January 29, 2024, Montana Technologies LLC (“Montana Technologies”) announced an agreement to form a joint venture with GE Vernova, a global leader in electrification, decarbonization, and energy solutions, to incorporate GE Vernova’s proprietary sorbent materials into systems that utilize Montana Technologies’ patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology. The joint venture will exclusively manufacture and supply products incorporating the combined technologies to leading original equipment manufacturers and customers in the Americas, Africa, and Australia. Cravath is representing Montana Technologies in connection with the transaction.
Deals & Cases
December 20, 2023
On December 20, 2023, Aon plc (“Aon”), a leading global professional services firm, announced the signing of a definitive agreement to acquire NFP, a leading middle‑market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP’s main capital sponsor, Madison Dearborn Partners, and funds affiliated with HPS Investment Partners. Under the terms of the transaction, Aon will acquire NFP for a total consideration estimated to be $13.4 billion at the time of close, which will be funded by $7 billion of cash and $6.4 billion of Aon stock. Cravath is representing Aon in connection with the transaction.
Deals & Cases
December 18, 2023
On December 18, 2023, ZimVie Inc. (“ZimVie”), a global life sciences leader in the dental and spine markets, announced it has entered into a definitive agreement to sell its spine business to H.I.G. Capital, a leading global alternative investment firm. Under the terms of the agreement, upon the closing of the transaction, ZimVie will receive $375 million in total consideration, comprised of $315 million in cash, subject to certain customary adjustments as set forth in the agreement, and $60 million in the form of a promissory note that will accrue interest at a rate of 10% per annum, compounded semi‑annually, payable in kind. Cravath is representing ZimVie in connection with the transaction.
Deals & Cases
December 12, 2023
On December 11, 2023, HMS Networks AB (“HMS”), a global provider of industrial information and communication technology, announced it has entered into a binding agreement with Spectris Group Holdings Limited to acquire the Red Lion Controls business, a U.S.-based provider of industrial automation solutions, through the acquisition of 100 percent of the shares in Red Lion Controls Inc. and Red Lion Europe GmbH as well as certain assets in other jurisdictions, for a cash consideration of $345 million. Cravath is representing HMS as special U.S. counsel in connection with the transaction.
Activities & Publications
April 12, 2024
On April 11, 2024, Cravath of counsel Benjamin G. Joseloff participated in the 10th National Conference on CFIUS, which was hosted by the American Conference Institute from April 10-12, 2024 in Arlington, VA. Ben spoke on a panel entitled “Introduction to CFIUS: Your A-to-Z Guide to Filing Requirements, Timelines, Mitigation, Enforcement, Penalties and Beyond,” which reviewed the basic regulatory standard necessary for a Committee for Foreign Investment in the United States (“CFIUS”) filing, the national security reasons for CFIUS filings, the scrutiny given to filings and the processing timelines.
Activities & Publications
November 20, 2023
Cravath of counsel Benjamin G. Joseloff and partners George F. Schoen and G.J. Ligelis Jr. co‑authored the U.S. chapter for the International Comparative Legal Guide’s “Foreign Direct Investment Regimes 2024,” which was published by Global Legal Group on November 16, 2023. The chapter examines U.S. foreign investment review policy and the law, regulations and procedures of the Committee on Foreign Investment in the United States (CFIUS), including both jurisdictional and substantive considerations as well as recent developments.
Activities & Publications
May 04, 2023
On May 2, 2023, Cravath partners Benjamin Gruenstein and Daniel J. Cerqueira and of counsel Benjamin G. Joseloff participated in the American Bar Association’s 2023 International Law Section Annual Conference, which was held from May 2‑4, 2023 in New York.
Activities & Publications
May 03, 2023
On May 1, 2023, Cravath of counsel Benjamin G. Joseloff participated in a program entitled “Learning to Thrive in an Era of Fragmented Globalization,” which was hosted by the Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford University in Palo Alto, CA. Ben co‑facilitated a session on the Committee on Foreign Investment in the United States (“CFIUS”) and reverse CFIUS, which explored the challenges of the CFIUS process and the possible parameters of a new outbound investment screening regime.
Activities & Publications
April 13, 2023
On April 12, 2023, Cravath of counsel Benjamin G. Joseloff participated in the 9th National Conference on CFIUS, which was hosted by the American Conference Institute from April 12-14, 2023 in Arlington, VA. Ben spoke on a panel entitled “Introduction to CFIUS Filings: Your A‑to‑Z Guide to the CFIUS Compliance Process, Including Filings, Timelines, Enforcement, and Penalties,” which reviewed the basic regulatory standard necessary for a Committee for Foreign Investment in the United States (“CFIUS”) filing, the national security reasons for CFIUS filings, the scrutiny given to filings and the processing timelines.
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