Steven Klemencic

• Led a multidisciplinary team in providing a US financial services company and its CFIUS counsel with technical support feasibility assessments in the development of a CFIUS mitigation plan to help a multibillion-dollar transaction gain CFIUS clearance. He then served as senior advisor on the US government-approved third-party monitor team for the same company.
• Served as senior advisor on the US government-approved third-party monitor team for a renewable energy provider acquired by a foreign company.
• Advised a foreign acquirer’s corporate leadership of details of the CFIUS process and various CFIUS considerations of the US government to assist in the timing and structure of the deal in the pre-transaction phase of its CFIUS filing in its effort to acquire a US infrastructure company.
• Advised a foreign buyer’s corporate leadership on the CFIUS process and potential US government concerns as it related to an acquisition of a US aerospace services provider.
• Established the first CFIUS-compliant collateral trust to enable investment from a group of foreign investors into a US biotechnology venture capital firm.
• Advised a foreign company on the CFIUS process and related US government concerns relating to the foreign company’s acquisition of a US manufacturing company.
• Advised a foreign multinational company in its acquisition of a US semiconductor manufacturer.
• Led a team of due diligence experts in deconstructing a US government acquisition program’s supply chain and assessing threats and vulnerabilities associated with each entity identified in the supply chain.
• Assessed business and security threats to a US industrial company resulting from the joint venture with a foreign partner and the foreign hosting of the joint venture, including concerns around technology transfer requirements, intellectual property theft, and state security requirements.
• Assessed various potential threat actor profiles, including motivation, threat vector, target vulnerabilities, and potential consequences, for a national healthcare provider that was planning to upgrade its cybersecurity systems.

Mr. Klemencic’s experience includes the following practice areas:

• Committee on Foreign Investment in the United States (CFIUS)
• Healthcare
• Energy
• Private equity
• Transportation and infrastructure
• Real estate
• Supply chain

Employment History

Ankura Consulting Group, LLC
Managing director
2018-2021

PricewaterhouseCoopers (PwC)
Director
2013-2018

CENTRA Technology, Inc.
Program manager and senior intelligence analyst
2006-2013

Veritas, Inc.
Vice president, technology transfer
2003-2006

Defense Intelligence Agency
Chief, advance technologies and technology transfer division
2000-2003

United States Navy
Officer
1982-2003

Professional Affiliations

American Bar Association
Associate member

Strategic and Competitive Intelligence Professionals

Association of Former Intelligence Officers

Surface Navy Association

Navy League

Credentials

Certified M&A Dealmaker, China Mergers & Acquisitions Association

Qualified Surface Warfare Officer

Certified Specialist in Naval and Mechanical Engineering

Certified Specialist in Operational Logistics

Certified Master Training Specialist

Qualified Conventional Steam Engineer

Qualified Gas Turbine Engineer