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Qualcomm and SSW Partners to Acquire Veoneer in $4.5 Billion Deal
- Client News
- October 4, 2021
Paul, Weiss is advising Qualcomm Inc. in its all-cash acquisition, alongside SSW Partners, of Stockholm-based global automotive technology leader Veoneer, Inc. The $37.00 per share price represents a total equity value for Veoneer of $4.5 billion.
At closing, SSW Partners will acquire all of the outstanding capital stock of Veoneer, shortly after which it will sell to Qualcomm Veoneer’s Arriver business—a software brand focused on sensor perception and drive policy—and retain Veoneer’s Tier-1 supplier businesses. The transaction is expected to close in 2022, subject to Veoneer shareholder approval and other customary conditions.
The Paul, Weiss team is led by corporate partners Scott Barshay, Kyle Seifried and Krishna Veeraraghavan, and includes partners John Kennedy and Caith Kushner, and counsel David Curtiss; intellectual property partner Jonathan Ashtor, and counsel Elana Bensoul and Marisa Geiger; tax partners Brian Krause and Jeffrey Samuels; executive compensation partner Lawrence Witdorchic; real estate partner Salvatore Gogliormella; environmental counsel William O’Brien; and litigation counsel Jacobus Schutte, Peter Jaffe and Steven Herzog.