I am charged with sourcing a pharmaceutical company to purchase in the United States. We are capable of raising money from Hong Kong and we are ready to invest starting Q1 2018. We are looking for a joint venture that will allow us to partner ideally with an American partner.
Answers
This is not, of course, a legal question. Depending on the size and nature of your prospective investment, you should seek out an investment banker or business broker in the US that specializes in the specific field for the type and size of the investment. That kind of intermediary will often know or be able to seek out the best companies for such a joint venture.
I am not certain as to how to answer your question. My legal side can give you advice about joint ventures. But, like most things, so much depends on what you are looking for. Are you looking to find a pharmaceutical company and become the party in charge? If so, are you looking for capital? An operator? Are you looking to become an investor, who puts up sufficient capital to have rights over major decisions? Do you expect to have people in the US who are part of the operation? Do you have a sense of a particular target company? Do you need to meet someone who can make introductions for you? Once I understand your needs and goals, I can give you specific advice.
Depending on the type of business and how large an investment you make, your acquisition may be subject to government approval under CIFIUS. The current administration is taking an aggressive view of acquisitions by foreigners. It is just something to think about as you formulate specifics.
Are you seeking an American joint venture partner who will jointly buy with your company the US pharmaceutical company?