Kirkland Advises Star Peak on $1.35 Billion Combination with Stem

Kirkland & Ellis counseled Star Peak Energy Transition Corp.  (NYSE: STPK), a publicly-traded special purpose acquisition company, on its business combination with Stem, Inc., a global leader in clean energy storage systems. The business combination will result in Stem becoming a public company listed on the New York Stock Exchange under the new ticker symbol “STEM.” The business combination values the combined company at a $1.35 billion pro forma equity value, at a price of $10.00 per Star Peak share and assuming no redemptions by Star Peak shareholders.

Read Star Peak’s press release

The Kirkland team was led by transactional partners Bill Benitez and David Thompson and associate Mark Kunzman; capital markets partners Matt Pacey, Peter Seligson and Bryan Flannery; and executive compensation partner Stephen Jacobson.