Kirkland, Paul Hastings Helped Create Black Rifle Coffee’s SPAC

Kirkland & Ellis advised military veteran-founded Black Rifle Coffee Co. on its $1.7 billion go-public merger with a special purpose acquisition company.

Paul Hastings advised the SPAC, SilverBox Engaged Merger Corp I, which is sponsored by alternative investment managers SilverBox Capital LLC and Engaged Capital LLC, according to a statement.

Black Rifle said its mission is to help better the lives of veterans, active-duty military, and first responders. Its revenues doubled year-over-year to reach $164 million in 2020 through sales of “premium” coffee via direct-to-consumer subscriptions, branded shops, ready-to-drink products at major national outlets, and wholesale distribution, the company said. ...