Aptiv Spins Off Electrical Distribution Systems Business

Paul, Weiss advised global industrial technology company Aptiv on the separation of its Electrical Distribution Systems business into a new publicly traded company, Versigent PLC. The transaction, executed via a tax-free spinoff to Aptiv shareholders, creates a global leader in the purposeful design and advanced manufacturing of low and high voltage electrical architectures. Aptiv retains its Advanced Safety & User Experience business and the Engineered Components Group.

The Paul, Weiss team was led by partners Steven Williams, Andrew Krause, John Kennedy, Brian Krause and Christodoulos Kaoutzanis, and included corporate partner Frances Mi; tax partner Jeffrey Samuels and counsel Alyssa Wolpin; intellectual property partners Jonathan Ashtor and Brianna van Kan; executive compensation partner Lawrence Witdorchic and counsel Lisa Krausz Eisenberg; real estate partner Peter Fisch; antitrust partners Nicole Kar, Scott Sher, Christopher Wilson and Lauren O’Brien; and environmental partner Stefanie Gitler and counsel William O’Brien.