Earlier today, Ocean Tomo, a part of J.S. Held, announced 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.
For further information, contact Ocean Tomo Senior Director of Strategic Accounts, Molly Keelan at [email protected] or +1 312 622 3471.