Three Firms Guide X-Energy’s $2 Billion Go-Public SPAC Merger

Latham & Watkins is advising X Energy Reactor Co., a developer of “advanced” small nuclear reactors, on its merger with a special purpose acquisition company backed by private equity firm Ares Management.

Kirkland & Ellis is counseling the SPAC, Ares Acquisition Corporation, on the tie-up, which will see the combined company valued at around $2 billion, according to a statement.

Ropes & Gray is representing UBS Securities LLC and Citigroup Global Markets Inc., which are the capital markets advisers to Ares Acquisition.

X-Energy company has received funding from the US Department of Energy as part of the department’s advanced reactor ...