Orrick is advising Aria Energy on its business combination with Archaea Energy and special purpose acquisition company Rice Acquisition Corporation (NYSE: RICE). The combined company, with an enterprise value of $1.15 billion, will be named Archaea Energy and be listed on the NYSE under the ticker symbol “LFG.”
As part of the transaction, Aria is being acquired for $680 million, while Archaea is being acquired for $347 million. The transaction is expected to close in the third quarter of 2021.
The Orrick team advising Aria is led by John Cook and Kristin Seeger and includes Matthew Gemello, Marsha Mogilevich, Mark Weitzel, Kelly Mink, Sean Carfi, Kayla Southworth, Zachary Finley, Jason Flaherty, Peter Elias, Steve Malvey, Sarah Schaedler, Amy Ray, Ashley Walter, Adam Wenner, Cory Lankford, Darrell Thomas, Sue Cowell, Jenée Iyer, Wendy Kottmeier, Qipeng Hu, Allen Davis, Criselda Haro Sandoval and Molly Jergenson.