Recent Amendments to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and the Related Impact to Private Investment Firms
12 August 2011
Mayer Brown White Paper
The recent amendments to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 reflect the most significant changes in decades to the disclosure obligations of parties that are required to file a Notification and Report Form with the FTC and the DOJ in connection with certain mergers and acquisitions. These changes particularly affect private equity, venture capital and similar investment firms, by requiring them to provide substantial information about their “Associates,” which are—generally speaking—investment funds under the same “family umbrella.” We describe these amendments and include a chart, which may be used as a quick reference tool, that highlights the principal changes to the reporting obligations of private investment firms under the HSR Act.