Aptiv Announces Plan to Separate Its Electrical Distribution Systems Business

Paul, Weiss is advising global technology company Aptiv on its plan to separate its Electrical Distribution Systems (EDS) business through a tax-free spinoff to Aptiv shareholders, creating two independent companies. Following the separation, Aptiv will comprise the Advanced Safety & User Experience business and the Engineered Components Group. The transaction, which has been unanimously approved by Aptiv's board of directors, is subject to customary closing conditions.

The Paul, Weiss team is led by partners Steven Williams, Andrew Krause, John Kennedy and Brian Krause, and includes corporate partners Christodoulos Kaoutzanis, Matt Hearn and Kristiina Leskinen; tax partner Jeffrey Samuels and counsel Alyssa Wolpin; antitrust partners Joshua Soven and Christopher Wilson, and counsel Todd Hahn; intellectual property partners Jonathan Ashtor and Brianna van Kan; executive compensation partners Jarrett Hoffman, Lawrence Witdorchic and Jean McLoughlin and counsel Lisa Krausz Eisenberg; litigation partner Lewis Clayton; real estate partners Peter Fisch and Salvatore Gogliormella; and environmental counsel William O'Brien.