Kirkland Advises Leo Holdings III Corp on $1.1B Merger with Local Bounti

Kirkland & Ellis advised Leo Holdings III Corp (NYSE: LIII), a publicly traded special purpose acquisition company, on its business combination with Local Bounti Corp., a U.S. indoor agriculture company. The transaction values the combined company at an equity value of $1.1 billion (assuming no redemptions) and upon closing of the transaction, the combined company is expected to remain listed on the New York Stock Exchange under the symbol “LOCL”.

Read the Local Bounti press release

The Kirkland team included corporate partners Damon Fisher and Jennifer Yapp, capital markets partners Christian Nagler, Brooks Antweil and Alla Digilova, tax partners Mike Beinus and Vivek Ratnam, and corporate associates Michael Chung, Alex Blaznik, Rigoberto Chavez and Aaron Simons.