JohnCheretis

Associate

Washington + 1.202.879.3424

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John Cheretis concentrates his practice on advising clients in complex international trade, national security, and government contracting matters. He has assisted clients with evaluating and structuring cross-border investments and supply chains, as well as navigating investigations and regulatory proceedings.

John has significant experience advising clients with respect to U.S. foreign direct investment regulations and national security considerations. John has represented clients in investment reviews conducted by the Committee on Foreign Investment in the United States (CFIUS) and in structuring transactions to mitigate CFIUS risks. He has also counseled companies in a variety of U.S. customs matters, including classification, valuation, and country of origin determinations, as well as compliance with Withhold Release Orders and other import restrictions administered by Customs and Border Protection (CBP). John has also represented clients in seeking tariff relief in proceedings before the United States Trade Representative (USTR).

John has also assisted clients with understanding and complying with various economic sanctions programs administered by the Office of Foreign Assets Control (OFAC) and export control issues arising under the Export Administration Regulations (EAR) and International Traffic in Arms Regulations (ITAR).

John maintains an active pro bono practice. He has represented U.S. veterans in obtaining disability benefits as well as individuals seeking asylum and other forms of immigration relief.

Experience

  • FirstEnergy sells $3.5 billion transmission stake to BrookfieldJones Day advised FirstEnergy Corp. in the $3.5 billion sale of an additional 30.0% equity stake in its subsidiary FirstEnergy Transmission (“FET”), the holding company for FirstEnergy’s three regulated electric transmission businesses, to North American Transmission Company II L.P., FirstEnergy’s existing joint venture partner in FET and a controlled investment vehicle entity of Brookfield Infrastructure Partners.
  • High Road Capital portfolio company acquires HTE TechnologiesJones Day advised High Road Capital Partners in connection with the acquisition and financing by portfolio company John Henry Foster Minnesota, Inc. of HTE Technologies, a leading automation supplier operating in Kansas, Missouri, and Illinois.
  • NEP Group sells SOS Global to Rock-it CargoJones Day advised NEP Group in its sale of SOS Global (SOS) to Rock-it Cargo, the global leader in end-to-end logistics for live events and high net worth goods.
  • SingTel sells Trustwave to The Chertoff GroupJones Day represented Singapore Telecommunications Limited, southeast Asia’s largest telecommunications company, in the sale of Trustwave, a cyber security and managed security services business, to funds affiliated with The Chertoff Group for $205 million. In connection with the sale of Trustwave, Jones Day represented SingTel, as lender, in connection with a unique $195 million senior secured term loan and $40 million unsecured multiple draw term loan facility provided to Trustwave.
  • Riverside sells Energy Exemplar to Blackstone and Vista Equity PartnersJones Day is advising investment funds affiliated with Riverside's Australia Fund in connection with the sale of its Energy Exemplar platform to a newly formed acquisition vehicle jointly controlled by investment funds affiliated with Blackstone and Vista Equity Partners (buyer).
  • Affinity Partners leads €207 million Series F financing of EGYMJones Day represented Affinity Partners in its acquisition of an interest in EGYM, a global fitness technology and corporate health innovation leader, in a Series F financing of €107 million, with an additional €100 million available for future investments.
  • Astellas acquires Iveric bioJones Day advised Astellas Pharma Inc. in the $5.9 billion cash acquisition of Iveric bio, Inc., a science-driven biopharmaceutical company focused on the discovery and development of novel treatments for retinal diseases with significant unmet medical needs.
  • Rockwood Equity Partners sells BJG Electronics, Inc. to FDH AeroJones Day advised Rockwood Equity Partners LLC in connection with its sale of portfolio company BJG Electronics, Inc. ("BJG"), a global supplier of interconnect and electromechanical products to the world’s leading OEMs in the defense, commercial aviation, business aviation, space, oil and gas, and industrial markets, to FDH Aero ("FDH"), a portfolio company of Audax Private Equity.
  • Real Alloy sells European business to SpeiraJones Day advised Real Alloy Holding, LLC in the sale of its European aluminum and magnesium recycling operations to Speira GmbH, an affiliate of KPS Capital Partners.
  • Meridian Bioscience agrees to be acquired by SD Biosensor and SJL Partners in $1.53 billion all-cash transactionJones Day advised Meridian Bioscience, Inc. in its $1.53 billion all-cash acquisition by SD Biosensor and SJL Partners.
  • Salvadoran refugee obtains asylumJones Day obtained asylum for our client, a young Pentecostal Salvadoran woman who fled El Salvador to the United States in 2017 due to severe persecution.
  • CDPQ leads $125 million Series D financing of Soli OrganicJones Day advised CDPQ as lead investor in the $125 million Series D financing of Soli Organic, the nation's only soil-based, indoor farming company delivering 100% USDA certified organic produce.
  • Global internet infrastructure provider acquires nine data centersJones Day advised a global internet infrastructure provider in the acquisition of nine data centers, including colocation and related network services.
  • Marathon Petroleum Corp announces joint venture for Martinez Renewable Fuels Project with NesteJones Day advised Marathon Petroleum Corp. in the formation of a joint venture with Neste to convert Marathon’s idled refinery in Martinez, California into a 730 million gallons per year renewable fuels facility.
  • Parker Hannifin's recommended all cash acquisition of Meggitt PLCJones Day acted as counsel to Parker Hannifin Corporation in the £6.3 billion acquisition of Meggitt plc, a leading international company headquartered in Coventry, United Kingdom, specializing in high performance components and subsystems for the aerospace, defense and selected energy markets.
  • Sensata Technologies acquires DynapowerJones Day advised Sensata Technologies (NYSE: ST), a leading industrial technology company and provider of sensor-rich solutions and insights for customers, in connection with its acquisition of Dynapower Company, LLC, a leading provider of energy storage and power conversion systems, from private equity firm Pfingsten Partners for $580 million in cash.
  • American Industrial Partners portfolio company Vertex merges with VectrusJones Day advised Vertex Aerospace, a portfolio company of American Industrial Partners, in its stock-for-stock merger with Vectrus, Inc. (NYSE: VEC), at an implied value for Vertex of approximately $2.1 billion.
  • Sonepar sells Vallen Distribution to Nautic PartnersJones Day represented the Sonepar Group – a Paris-headquartered global leader in B-to-B distribution of electrical products, solutions and related services – in the sale of Sonepar's subsidiary business, Vallen Distribution, to Nautic Partners, a middle-market private equity firm based in Rhode Island.
  • FirstEnergy sells $2.4 billion minority transmission stake to BrookfieldJones Day represented FirstEnergy Corp. in its $2.4 billion sale of a 19.9% equity stake in its subsidiary FirstEnergy Transmission, the holding company for FirstEnergy’s three regulated electric transmission businesses.
  • Albaugh acquires RotamJones Day advised Albaugh, LLC in the $197.5 acquisition of Rotam Global AgroSciences Limited, a company headquartered in Hong Kong and publicly listed on the Taiwan Stock Exchange.
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    August 2023 Alert

    Biden Administration Issues Highly Anticipated Executive Order on U.S. Investment in China

    August 2023 Alert

    Federal Agencies Highlight Benefits of Self-Disclosure, Emphasize Enforcement of Trade Violations in Tri-Seal Compliance Note

    March 2023 Commentary

    DOJ Updates Corporate Compliance Program Guidance and Announces New Policy Initiatives and Enforcement Resources

    November 2022 Alert

    CFIUS Releases First-Ever Penalty and Enforcement Guidelines

    September 2022 Alert

    New Biden Executive Order Aims to Set Focus of Future CFIUS National Security Reviews

    August 2022 Commentary

    CFIUS Annual Report Sheds Light on Key Transaction Review Trends

    July 2022 Commentary

    New Forced Labor Presumption Creates New Challenges for Global Supply Chains

    January 2022 White Paper

    2021 Transactional Year in Review and 2022 Forecast

    October 2021 Alert

    USTR Accepting Comments on Reinstating Certain Exclusions to Section 301 Tariffs

    April 2021 Commentary

    United States Imposes New Sanctions on Russia
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