Press Release

Kirkland Represents Rice Acquisition Corp. on $1.15 billion Combination with Aria Energy and Archaea Energy

Kirkland & Ellis advised Rice Acquisition Corp. (NYSE: RICE), a special purpose acquisition company focused on the energy transition sector, on its business combination with Aria Energy LLC and Archaea Energy LLC, which will create the industry-leading renewable natural gas platform. The combined company will be named Archaea Energy and plans to be listed on the NYSE under the ticker symbol “LFG”. The combined company has an enterprise value of $1.15 billion. The transaction includes a heavily oversubscribed and upsized PIPE with $300 million in commitments led by institutional investors including The Baupost Group, BNP Paribas Energy Transition Fund, CIBC, Goldman Sachs Asset Management LP, and Wellington Management. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2021. 

Read the Rice Acquisition Corp. press release

The Kirkland team was led by corporate partners David Feirstein and Cyril Jones and associate Brice Lipman and capital markets partners Matt Pacey and Lanchi Huynh and associate Mitch Athey.