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.