Rachel Rice

Primary Focus & Experience

Ms. Rice advises public and private companies on a wide range of strategic transactions, including complex merger and acquisition transactions, debt and equity investments and joint ventures. She also counsels boards and investors on fiduciary duties and other corporate governance matters.

Rachel’s experience* includes:

• Represented Computer Design & Integration (“CDI”) a portfolio company of One Equity Partners (“OEP”) in its sale to AHEAD, a portfolio company of Berkshire Partners and Centerbridge Partners.
• Represented Veritas Capital in the take-private acquisition of Syneos Health, a biopharmaceutical solutions provider, by a consortium that also included Elliott Investment Management and Patient Square Capital, in an all-cash transaction valued at approximately $7.1 billion.
• Represented Global Container Terminals Inc. on the sale of its US terminals on Staten Island, NY and in Bayonne, NJ.
• Represented Seacor Marine Holdings, Inc., a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide, in the sale of its minority equity interests in its unconsolidated joint ventures in Mexico and a series of related asset swaps to affiliates of Proyectos Globales de Energía CME, S.A. de C.V.
• Represented Sonantic, a voice AI company, in its acquisition by Spotify.
• Represented bp in its acquisition of AMPLY Power, Inc., an EV charging and energy management provider for fleets.
• Represented Apex Clean Energy, an established industry leader in the origination, commercialization, construction, and operation of utility-scale wind energy facilities, in the sale of a majority stake in the company to funds and other accounts managed by Ares Management Corporation.
• Represented Local Bounti, a premier controlled environment agriculture (CEA) company redefining conversion efficiency and environmental, social and governance (ESG) standards for indoor agriculture, in its business combination with Leo Holdings III Corp, a SPAC sponsored by Lion Capital.
• Represented Turn/River Capital in the sale of Invicti Security, a global leader in web application security, to Summit Partners.
• Represented True Wind Capital on its acquisition of W Energy Software, a provider of cloud-based accounting and ERP software for energy companies.
• Represented Second Spectrum in its acquisition by Genius Sports.
• Represented Invoice2go in its acquisition by Bill.com.
• Represented Juniper Networks, Inc. in its joint venture with Synopsys, Inc. to provide the industry with an open silicon photonics platform to address the growing photonic requirements in applications such as telecom, datacom, LiDAR, healthcare, HPC, AI, and optical computing.
• Represented Luminar Technologies, Inc., a leading lidar autonomous driving company, in its acquisition of certain assets from Civil Maps.
• Represented Warburg Pincus portfolio companies in various add-on acquisitions.
• Represented Banneker Partners portfolio companies in various add-on acquisitions.

*Includes matters handled prior to joining Milbank.

Recognition & Accomplishments

Ms. Rice has been recognized in the fourth and fifth editions of Best Lawyers: Ones to Watch® in America for her expertise in Mergers and Acquisitions Law. Ms. Rice earned her J.D. from the University of North Carolina School of Law. Prior to law school, Ms. Rice earned a B.A. in Political Science and Public Policy Leadership from the University of Mississippi.