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Paul Hastings Advises Baker Hughes in NET Power’s $1.459 Billion Business Combination with Rice Acquisition Corp. II

December 19, 2022

Paul Hastings LLP is advising Baker Hughes (NASDAQ: BKR), investor and strategic partner to NET Power LLC, in connection with NET Power’s pending business combination with Rice Acquisition Corp. II, a publicly traded special purpose acquisition company. Upon closing, the combined company will be listed on the New York Stock Exchange under the ticker symbol “NPWR” and is expected to have a pro-forma enterprise value of US$1.459 billion.

Partner Rocio Guadalupe Mendoza is leading the Paul Hastings team, which also includes partners Will Burns, Jim Smulkowski and Todd Schneider; and associates Elena Rodriguez, Anna Hardcastle and Jose Pablo Salas.

More details on the transaction can be found here.

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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 superior intellectual capital and execution globally to the world’s leading investment banks, asset managers and corporations.

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