Ropes & Gray represented UBS Securities LLC and Citigroup Global Markets Inc. as capital markets advisors to Ares Acquisition Corporation, a publicly-traded special purpose acquisition company, in a business combination agreement with X Energy Reactor Company, LLC, a leading developer of small modular nuclear reactors and fuel technology for clean energy generation. The transaction was announced on December 6.
The combination will establish X-energy as a publicly-traded, developer of a more advanced small modular reactor and proprietary fuel that supports the transition to clean, affordable energy through enhanced safety, lower cost, scalability and broader industrial applications. X-energy’s entry into the public markets is expected to accelerate its growth strategy through additional investment opportunities and financial flexibility as well as differentiated sponsorship by Ares Management Corporation, a leading global alternative investment manager.
The Ropes & Gray team was led by capital markets partner Paul Tropp and included capital markets senior attorney Paul Kellogg.
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.