Kirkland Advises ArcLight Clean Transition on $1.6 Billion Transaction Involving Proterra
Kirkland & Ellis counseled ArcLight Clean Transition Corp. (Nasdaq: ACTCU, ACTC and ACTW), a publicly traded special purpose acquisition company, on a transaction that will lead to Proterra Inc, a leading innovator in commercial vehicle electrification technology, becoming publicly listed. Upon closing, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. The transaction represents an enterprise value of $1.6 billion for Proterra.
The Kirkland team was led by transactional partners Doug Bacon, Kristin Mendoza and Alex Rose; capital markets partners Jim Rowe and Brooks Antweil; and debt finance partners Lucas Spivey and Jordan Roberts.
