Star Peak II’s $1.35 Billion Combination with Benson Hill

Kirkland & Ellis counseled Star Peak Corp II on the deal, while Winston & Strawn LLP served as legal advisor to Benson Hill.

Star Peak Corp II (NYSE: STPC), a publicly-traded special purpose acquisition company, completed its business combination with Benson Hill, Inc., a sustainable food technology company. 

The business combination will result in Benson Hill becoming a public company listed on the New York Stock Exchange under the new ticker symbol “BHIL.” Following the close, Benson Hill will have a pro forma enterprise value of approximately $1.35 billion based on the $10.00 per share price of Star Peak common stock and assuming no redemptions by Star Peak shareholders.

The Kirkland team advising Star Peak Corp II was led by transactional partners Bill Benitez (Picture) and David Thompson and associate Mark Kunzman; capital markets partners Matt Pacey and Bryan Flannery and associate Ieuan List; executive compensation partner Stephen Jacobson and associate Jabir Yusoff; and tax partners Mark Dundon and Lane Morgan.

Involved fees earner: William Benitez – Kirkland & Ellis; Mark Dundon – Kirkland & Ellis; Bryan Flannery – Kirkland & Ellis; Stephen Jacobson – Kirkland & Ellis; Mark Kunzman – Kirkland & Ellis; Ieuan List – Kirkland & Ellis; Lane Morgan – Kirkland & Ellis; Matthew Pacey – Kirkland & Ellis; David Thompson – Kirkland & Ellis; Jabir Yusoff – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Star Peak II;

Author: Martina Bellini

Star Peak II’s $1.35 Billion Combination with Benson Hill

Kirkland & Ellis counseled Star Peak Corp II on the deal, while Winston & Strawn LLP served as legal advisor to Benson Hill.

Star Peak Corp II (NYSE: STPC), a publicly-traded special purpose acquisition company, completed its business combination with Benson Hill, Inc., a sustainable food technology company. 

The business combination will result in Benson Hill becoming a public company listed on the New York Stock Exchange under the new ticker symbol “BHIL.” Following the close, Benson Hill will have a pro forma enterprise value of approximately $1.35 billion based on the $10.00 per share price of Star Peak common stock and assuming no redemptions by Star Peak shareholders.

The Kirkland team advising Star Peak Corp II was led by transactional partners Bill Benitez (Picture) and David Thompson and associate Mark Kunzman; capital markets partners Matt Pacey and Bryan Flannery and associate Ieuan List; executive compensation partner Stephen Jacobson and associate Jabir Yusoff; and tax partners Mark Dundon and Lane Morgan.

Involved fees earner: William Benitez – Kirkland & Ellis; Mark Dundon – Kirkland & Ellis; Bryan Flannery – Kirkland & Ellis; Stephen Jacobson – Kirkland & Ellis; Mark Kunzman – Kirkland & Ellis; Ieuan List – Kirkland & Ellis; Lane Morgan – Kirkland & Ellis; Matthew Pacey – Kirkland & Ellis; David Thompson – Kirkland & Ellis; Jabir Yusoff – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Star Peak II;

Author: Martina Bellini