Mourant acts in Jersey acquisition of NYSE-listed firm

Posted: 22/10/2020

Mourant has advised US automotive parts supplier BorgWarner Inc in relation to its acquisition of Delphi Technologies, a Jersey company listed on the New York Stock Exchange.

The all-stock transaction values Delphi at around $3.3bn and combines two major auto-parts makers.

The transaction was implemented by a Jersey Court sanctioned scheme of arrangement, and is believed to be the first time a US-listed target has been acquired using a Jersey scheme of arrangement.

Mourant Partners James Hill and Stephen Alexander, Counsel Andrew Salisbury and Associate Max Galt provided Jersey legal advice on all aspects of the acquisition, working alongside New York counsel Simpson Thacher & Bartlett.


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