November 16, 2020
Weil advised Fortress Value Acquisition Corp, a SPAC sponsored by an affiliate of Fortress Investment Group LLC, in its acquisition of Secure Natural Resources and MP Materials, together the owner and operator of Mountain Pass, the only rare earth mining and processing site of scale in North America that contains one of the richest rare earth deposits in the world, via a stock-for-stock transaction that values the combined company at $1.5 billion. The transaction closed on November 16, 2020.
The Weil team that advised Fortress was led by Mergers & Acquisitions partner Jackie Cohen and included Mergers & Acquisitions associates Kevin Kitson, Joseph Godio and Alex Walsh. The team also included Tax partner Mark Schwed; Executive Compensation & Benefits Head Paul Wessel; Capital Markets Head Alexander Lynch; Public Company Advisory Group partner Adé Heyliger; Technology & IP Transactions partner Karen Ballack; Environmental Head Annemargaret Connolly; Real Estate attorney Leslie Smith; Regulatory Transactions counsel John O’Loughlin; Antitrust counsel Alexis Brown-Reilly; Tax associate Michael Rivkin; Executive Compensation & Benefits associates Amanda Rosenblum and Radhika Tahiliani; Public Company Advisory Group associate Kaitlin Descovich; and Technology & IP Transactions/Privacy associates Alexa Chu Clinton and Robert Brown.