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Cyril Jones, David Feirstein, Jennifer Gasser, Lanchi Huynh, Matt Pacey, Noah Allen, Daniel Lewis, Rory Wellever, Ellisen Turner, Stephen Jacobson, Jabir Yusoff
January 24, 2026
Kirkland Represents Rice Acquisition Corp. II on $1.459 Billion Combination with NET Power
1 min
AI-made summary
- Kirkland & Ellis advised Rice Acquisition Corp II (NYSE: RONI) on its business combination with NET Power, LLC, aiming to accelerate the deployment of NET Power’s technology for clean, reliable, and low-cost power from natural gas
- The transaction has a pro forma enterprise value of $1.459 billion and includes $235 million in committed investments
- The deal is expected to close in the second quarter of 2023, with the combined company to be listed as 'NPWR' on the NYSE.
with participation from the Rice family, Occidental, Constellation, 8 Rivers, Hite Hedge, and NGP
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Cyril Jones, David Feirstein, Jennifer Gasser, Lanchi Huynh, Matt Pacey, Noah Allen, Daniel Lewis, Rory Wellever, Ellisen Turner, Stephen Jacobson, Jabir Yusoff
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