First Reserve Sustainable Growth’s $222.4 Million IPO

Vinson & Elkins LLP advised First Reserve Sustainable Growth Corp. on the deal.

First Reserve Sustainable Growth Corp. announced its initial public offering of 22,243,955 units at a price of $10.00 per unit, including 2,243,955 units that were issued pursuant to the underwriters’ partial exercise of their over-allotment option. The IPO closed on March 9, 2021.

First Reserve Sustainable Growth Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to identify opportunities and companies that focus on solutions, processes, and technologies that facilitate, improve, or complement the ongoing transition toward a more sustainable and environmentally-conscious global energy, infrastructure and industrial complex.

The V&E team was led by partners Ramey Layne (Picture) and Alan Beck with senior associate Zach Swartz and associate Tyler Johnson. Also advising were partner Emily Stephens and senior staff attorney Ashton Harris; and partner Jason McIntosh, senior associate Allyson Seger and associate Lauren Nieman.

 

 

Involved fees earner: Alan Beck – Vinson & Elkins LLP; Ashton Harris – Vinson & Elkins LLP; Tyler Johnson – Vinson & Elkins LLP; Ramey Layne – Vinson & Elkins LLP; Jason McIntosh – Vinson & Elkins LLP; Lauren Nieman – Vinson & Elkins LLP; Allyson Seger – Vinson & Elkins LLP; Emily Stephens – Vinson & Elkins LLP; Zach Swartz – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: First Reserve Sustainable Growth Corp.;

Author: Martina Bellini