Black Rifle Coffee Company Completes $1.7 Billion Business Combination with SilverBox Engaged Merger Corp I
Century City and Los Angeles – Paul Hastings LLP, a leading global law firm, announced today that it advised SilverBox Engaged Merger Corp I, a special purpose acquisition company, in the completion of its $1.7 billion business combination with Authentic Brands LLC, the parent company of Black Riffle Coffee Company, a rapidly growing and mission-driven premium coffee company founded to support veterans, active-duty military and first responders.
The business combination was approved by SilverBox Engaged Merger Corp I stockholders on February 3, 2022. The new combined company is named BRC Inc., and beginning on February 10, 2022, the company’s Class A Common Stock and warrants will begin trading on the New York Stock Exchange under the ticker symbols "BRCC" And “BRCC WS”, respectively.
The transaction closed with $150 million of cash proceeds, providing capital to accelerate the implementation of Black Rifle Coffee's digital-first, omnichannel strategy and support continued rapid growth.
The Paul Hastings team that advised SilverBox Engaged Merger Corp I was led by M&A partner David Hernand and capital markets partner Jonathan Ko, as well as partners Sean Monroe, Stephen Harris, and Douglas Schaaf; of counsels Amy Lawrence, and Ron Ben Yehuda; and associates Flavio Averbug, Julian Alsarhn, Eboney Hutt, Kristen Casey, and Muaaz Maksud.
Dedicated to helping the world’s leading Wall Street and global investment banks, asset managers and corporations achieve their business and legal goals, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity and litigation.