Aptiv’s $4.3 Billion Acquisition of Wind River

Paul, Weiss, Rifkind, Wharton & Garrison represented Aptiv, while Ropes & Gray represented TPG Capital and its portfolio company Wind River in the transaction.

Aptiv executed its $4.3 billion all-cash acquisition of Wind River from TPG Capital.

The transaction will allow Aptiv to extend its position in automotive software solutions, providing automotive customers with a faster and more economical path to full vehicle software architecture. Aptiv will finance the transaction through a combination of cash and debt. The deal is expected to close in mid-2022, subject to customary conditions and regulatory approvals.

Wind River is a global leader in delivering software for the intelligent edge, enabling the secure development, deployment, operations and servicing of mission-critical intelligent systems.

Aptiv is a global technology company that develops safer, greener and more connected solutions, which enable the future of mobility.

TPG Capital is the private equity platform of TPG, a leading global alternative asset management firm with $109 billion of assets under management.

The Paul, Weiss team included corporate partners Steven Williams (Picture), Scott Barshay, Justin Rosenberg and Caith Kushner and counsel David Sobel; litigation partner Rick Rule and counsel Daniel Howley and Steven Herzog; intellectual property partner Jonathan Ashtor and counsel Marisa Geiger; executive compensation partner Lawrence Witdorchic and counsel Lisa Krausz Eisenberg and Nicole Tark; tax partner Brian Krause; real estate partner Salvatore Gogliormella; environmental counsel William O’Brien; and antitrust counsel Marta Kelly. 

The Ropes & Gray team that advised TPG Capital and Wind River was led by private equity partner Mike Roh (Boston), and included private equity partners Howard Glazer (Los Angeles) and Kate Withers (New York), private equity associates Joshua Coombes (Boston) and Randy Limberg (New York), leveraged finance partner Arek Maczka (New York) benefits partner Matt Jones (Chicago), litigation & enforcement partners Jonathan Klarfeld, Ama Adams and Maria Calvet (all of Washington, D.C.), Ruchit Patel (London), Brendan Hanifin (Chicago) and Daniel McCaughey (Boston), IP transactions partner Megan Baca (Silicon Valley), tax partner Adam Greenwood (New York), data, privacy & cybersecurity partner Edward McNicholas (Washington, D.C.), and real estate partner Peter Alpert (Boston).

Involved fees earner: Jonathan Ashtor – Paul Weiss Rifkind Wharton & Garrison; Scott Barshay – Paul Weiss Rifkind Wharton & Garrison; Marisa Geiger – Paul Weiss Rifkind Wharton & Garrison; Salvatore Gogliormella – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Daniel Howley – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Brian Krause – Paul Weiss Rifkind Wharton & Garrison; Lisa Krausz Eisenberg – Paul Weiss Rifkind Wharton & Garrison; Caith Kushner – Paul Weiss Rifkind Wharton & Garrison; Justin Rosenberg – Paul Weiss Rifkind Wharton & Garrison; Rick Rule – Paul Weiss Rifkind Wharton & Garrison; David Sobel – Paul Weiss Rifkind Wharton & Garrison; Nicole Tark – Paul Weiss Rifkind Wharton & Garrison; Steven Williams – Paul Weiss Rifkind Wharton & Garrison; Lawrence Witdorchic – Paul Weiss Rifkind Wharton & Garrison; Ama Adams – Ropes & Gray; Peter Alpert – Ropes & Gray; Megan Baca – Ropes & Gray; Joshua Coombes – Ropes & Gray; Howard Glazer – Ropes & Gray; María González Calvet – Ropes & Gray; Adam Greenwood – Ropes & Gray; Brendan Hanifin – Ropes & Gray; Matthew Jones – Ropes & Gray; Jonathan Klarfeld – Ropes & Gray; Randall Limberg – Ropes & Gray; Arek Maczka – Ropes & Gray; Daniel McCaughey – Ropes & Gray; Edward McNicholas – Ropes & Gray; Ruchit Patel – Ropes & Gray; Michael Roh – Ropes & Gray; Kate Withers – Ropes & Gray; William O’Brien – Willkie Farr & Gallagher;

Law Firms: Paul Weiss Rifkind Wharton & Garrison; Ropes & Gray; Willkie Farr & Gallagher;

Clients: Aptiv PLC; TPG Capital; Wind River;