We advised Nextracker on its spinoff

Davis Polk advised Nextracker Inc. in connection with the completion of the spinoff by Flex Ltd. of its ownership in Nextracker through a distribution of approximately 51% of Nextracker’s total outstanding common stock to Flex’s shareholders on a pro rata basis.

Nextracker is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world.

The Davis Polk corporate team included partner Emily Roberts, counsel Jason Bassetti and associates Alex DeGroat and Brendon S. Brown. Partner Patrick E. Sigmon, counsel Leslie J. Altus and Liang Zhang and associate Alanna Phillips provided tax advice. The executive compensation team included partner Travis Triano and associate Justin Alexander Kasprisin. Members of the Davis Polk team are based in the Northern California and New York offices.