A multi-disciplinary team, combining the intellectual property expertise of Ocean Tomo and deep technical experience of J.S. Held, advised the Special Committee of the Board of Directors of Ares Acquisition Corporation (AAC) in conjunction with the acquisition of X-energy.
CHICAGO, Dec. 8, 2022 /PRNewswire-PRWeb/ -- Ocean Tomo, a part of J.S. Held, announces today our role as financial advisor to the Special Committee of the Board of Directors of Ares Acquisition Corporation (AAR). "Understanding the strengths and weakness of X-energy's technology and the related market risks and opportunities was central to this engagement," said Ocean Tomo Managing Director Greg Campanella. "The engagement presented a unique opportunity for Ocean Tomo to collaborate with several technical experts at our parent company J.S. Held, including Richard Donohoe, who leads the J.S. Held Energy Practice," Campanella continued. Richard Donohoe is one of more than 550 technical experts at J.S. Held.
Commenting on the collaboration with the intellectual property valuation team of Greg Campanella and Noor Al-Banna and the outcome of our work, Richard Donohoe shares, "this was a unique opportunity for me to work on a program I was involved in from the early 2000s from the industry, government, and scientific perspective. X-energy's ability to manufacture TRISO-X fuel addresses the high heat and steam industrial markets, electric, NASA, and military markets for impact with reduced energy/water nexus constraints fulfills many of the promises recently made during COP27." Richard Donohoe continues, "our team worked closely with private sector finance to move nuclear technology forward in an impactful way for ESG and United Nations carbon reduction goals. This was an exciting opportunity to bring impactful change forward."
Our ability to call upon in-house technical experts from J.S. Held in nuclear, energy markets, and small modular reactors (SMRs) significantly contributed to this engagement. The multi-disciplinary analysis of technology and strategy allowed us to provide a robust Fairness Opinion to the Board of Directors of Ares Acquisition Corporation.
"The X-energy acquisition demonstrates the benefit of our multi-disciplinary approach to client engagements, combining our financial, technical, and intellectual property expertise," notes Greg Campanella. This combination of financial, technical, and intellectual property expertise is a key differentiator of Ocean Tomo, a part of J.S. Held, and it is this unique combination of capabilities that qualified us to provide Ares Acquisition Corporation with a robust analysis of the X-energy enterprise.
About Ocean Tomo, a part of J.S. Held.
Established in 2003, Ocean Tomo provides Financial Expert, Management Consulting, and Advisory services related to intellectual property (IP) and other intangible assets; corporate accounting investigations; regulatory and reporting obligations; solvency and restructuring; and contractual or competition disputes. Practice offerings address economic damage calculations and testimony; accounting investigations and financial forensics; technology and intangible asset valuation; strategy and risk management consulting; mergers and acquisitions; debt and equity private placement; and IP brokerage. Subsidiaries of Ocean Tomo include Ocean Tomo Investments Group, LLC, a registered broker-dealer.
As a part of J.S. Held, Ocean Tomo works alongside more than 1500 professionals globally and assists clients – corporations, insurers, law firms, governments, and institutional investors – on complex technical, scientific, and financial matters across all assets and value at risk.
J.S. Held is a global consulting firm providing technical, scientific, and financial expertise across all assets and value at risk. Our professionals serve as trusted advisors to organizations facing high-stakes events demanding urgent attention, staunch integrity, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.
Media Contact
Kristi Stathis, Ocean Tomo, 1 773 294 4360, [email protected]
SOURCE Ocean Tomo
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