Akin Gump attorneys advised an affiliate of Hicks Equity Partners LLC in a merger and share exchange agreement between Infinity Cross Border Acquisition Corporation, a special purpose acquisition company, and Glori Energy Inc., an oil technology company that deploys its proprietary AERO™ System to significantly increase oil production from mature oil fields.
Following completion of the transaction, the new enterprise will be called Glori Energy Inc. and is expected to be listed on the Nasdaq Capital Market under the ticker symbol GLRI. Infinity’s sponsors are funds affiliated with Infinity Group, an $800 million private equity fund, and an affiliate of Hicks Equity Partners LLC, the private equity investment vehicle of the family of Thomas O. Hicks, which Akin Gump advised.
The Akin Gump team included Dallas partner Robert Dockery and associate Ben Morgan.
