Press Release

Kirkland Advises Sustainable Opportunities Acquisition Corporation on $2.9 Billion Transaction with DeepGreen

Kirkland & Ellis counseled Sustainable Opportunities Acquisition Corporation (NYSE: SOAC), a special purpose acquisition company (SPAC) with a dedicated ESG focus and deep operational and capital market capabilities in the energy and resource sectors, on a transaction that will lead to DeepGreen Metals Inc., a developer of lower-impact battery metals from unattached seafloor polymetallic nodules, becoming publicly listed. The transaction represents a pro forma equity value of US$2.9 billion for the combined company, which will be renamed “TMC the metals company Inc.” upon closing.

Read DeepGreen’s press release

The Kirkland team was led by transactional partners Doug Bacon and Ryan Brissette and associates Stephen Noh, Cale Curtin and Daniel Yip; capital markets partners Julian Seiguer, Peter Seligson and Bryan Flannery and associate James Long; and real assets partner Anthony Speier and associates Lindsey Jaquillard and Chis Atmar.