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NEWS

Paul Hastings Advised Baker Hughes in NET Power’s $1.5 Billion Business Combination with Rice Acquisition Corp. II

June 09, 2023

Paul Hastings LLP advised Baker Hughes (NASDAQ: BKR), investor and strategic partner to NET Power LLC, in connection with NET Power’s business combination with Rice Acquisition Corp. II, a publicly traded special purpose acquisition company. The combined company will operate as NET Power Inc. and has an initial enterprise value of approximately $1.5 billion. The transaction closed on June 9, 2023.

Partner Rocio Guadalupe Mendoza led the Paul Hastings team, which also included partners Will Burns and Jim Smulkowski and associate Jose Pablo Salas.

More details on the transaction can be found here.

About Paul Hastings

With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment, and real estate, Paul Hastings is a premier law firm providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers, and corporations.

Practice Areas

Mergers and Acquisitions

Securities and Capital Markets


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