Press Release

Kirkland Advises Spring Valley on $1.9 Billion Merger with NuScale

Kirkland & Ellis counseled Spring Valley Acquisition Corp. (NASDAQ: SV), a publicly traded special purpose acquisition company, on its definitive business combination agreement with NuScale Power, LLC, the industry-leading provider of proprietary and innovative advanced nuclear small modular reactor (SMR) technology, to create a first-of-its-kind energy company poised to power the global energy transition by delivering safe, scalable and reliable carbon-free nuclear power. The combined company, which will be named NuScale Power Corp., will have an estimated pro-forma enterprise value of approximately $1.9 billion and will be listed under the ticker symbol “SMR” upon closing. The transaction includes a $181 million oversubscribed, fully committed common stock PIPE.

Read NuScale’s press release

The Kirkland team was led by corporate partners Adam Larson and Allan Kirk and associate Maggie Hoffman; capital markets partners Matt Pacey and Lance Hancock; energy regulatory partner Drew Stuyvenberg; and tax partners David Wheat and Joe Tobias.