Bonnie Chen

Paul, Weiss advised Polaris Inc., the global leader in powersports, on the separation of Indian Motorcycle into a standalone business and the sale of a majority stake in the new company to private equity firm Carolwood LP. Financial details were not disclosed. The Paul, Weiss team was led by corporate partners Dotun Obadina and James Langston, and included intellectual property partners Bonnie Chen and Brianna van Kan; executive compensation partner Christopher Gonnella; tax partner Brian Krause; real estate partner Peter Fisch; environmental partner Stefanie Gitler; antitrust counsel John Magruder; and litigation counsel Audrey Paquet.

Feb 2

1 min

Paul, Weiss is advising Eli Lilly and Company on the intellectual property aspects of its strategic collaboration with Innovent Biologics, Inc., a Chinese biopharmaceutical company and regular collaborator with Lilly, to advance novel medicines in oncology and immunology. Under the terms of the agreement, Innovent will receive a $350 million upfront payment and is eligible to receive development, regulatory and commercial milestone payments totaling up to approximately $8.5 billion contingent upon the achievement of certain future events. Additionally, Innovent will be eligible for tiered royalties on net sales of each product outside of Mainland China, Hong Kong, Macau and Taiwan. The agreement grants Lilly an exclusive license to develop and commercialize the programs worldwide outside of these jurisdictions, while Innovent retains rights in these regions. The Paul, Weiss team is led by intellectual property partner Bonnie Chen and associate Yihan Zhuang, and includes partners Jeffrey Osterman and Meggin Bednarczyk; litigation partner Daniel Reich; and antitrust counsel Chad de Souza.

Feb 8

1 min

Paul, Weiss advised Carrier Global Corporation, a global leader in intelligent climate and energy solutions, in the private placement of an aggregate principal amount of €750 million of 3.625% euro-denominated notes. Proceeds from the offering were used to refinance the company’s 4.375% euro-denominated notes initially issued in November 2023 in connection with Carrier’s acquisition of the climate solutions business of Viessmann Group GmbH & Co. KG. The offerings were lead-managed by J.P. Morgan, HSBC, Morgan Stanley, BofA Securities, Citigroup, Goldman Sachs & Co. LLC and UniCredit. The Paul, Weiss team included corporate partners John Kennedy, Luke Jennings and Matthew Friedman and intellectual property partners Claudine Meredith-Goujon and Bonnie Chen; tax partner Robert Holo; litigation partners John Carlin and Nicole Succar and counsel Audrey Paquet; executive compensation counsel Jake Glazeski; and environmental counsel William O’Brien.

Nov 8

1 min

Paul, Weiss advised private investment firm Rodina Capital in Rubicon Technologies, Inc.’s, strategic refinancing and $20 million preferred equity raise, which Rodina led. Rubicon is a leading provider of technology-based waste and recycling solutions. Under the terms of the transactions certain existing Rubicon debt facilities were refinanced with the proceeds of a new revolving facility. The Paul, Weiss team was led by corporate partner Laura Turano and includes partners Timothy Cruickshank, Suhan Shim, Cristina Amodeo and Manuel Frey, and counsel Marc Shepsman and Bruce Gruder; tax partner Anne McGinnis and counsel Patrick Karsnitz; intellectual property partner Bonnie Chen and counsel Brianna van Kan; executive compensation partner Jean McLoughlin and counsel Christopher Gonnella; restructuring partner Robert Britton; real estate partner Peter Fisch; antitrust partner Marta Kelly and counsel Yuni Sobel; and environmental counsel William O’Brien.

Dec 3

1 min

Paul, Weiss is advising intelligent power management company Eaton on the tax-free spin-off of its vehicle and e-mobility segments (together, the Mobility Group) into an independent public company. The Mobility Group provides mission- and safety-critical engineered solutions that create, distribute and optimize power for all types of vehicles and propulsion systems. Financial terms of the transaction were not disclosed. The spin-off is expected to complete by the end of the first quarter of 2027, subject to customary closing conditions. The Paul, Weiss team is led by corporate partners Dotun Obadina and Steven Williams, and includes partners John Kennedy and Patricia Vaz de Almeida; intellectual property partners Bonnie Chen and Marisa Geiger; executive compensation partners Matthew Friestedt and Christopher Gonnella.

Jan 26

1 min