Case Studies

Financial Advisor to Ares Acquisition Corporation AAC X-energy Transaction

J.S. Held Strengthens Forensic Accounting and Financial Investigations Expertise and Expands Suite of Services in Canada with Acquisition of ADS Forensics

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Background

Understanding X-energy’s nuclear reactor technology, its technological advantages, and the related risks and market opportunities for the organization was central to this engagement. Our technical experts in nuclear, energy markets, and small modular reactors (SMRs) made significant contributions to this engagement; and the X-energy transaction demonstrates the benefit of our firm’s multi-disciplinary approach to client engagements, combining our financial, technical, and intellectual property expertise.

Engagement

Ocean Tomo held the role as financial advisor on this transaction included not only a strategic assessment of X-energy’s go-to-market plans, but also an analysis of the Company’s technology and intellectual property. The multi-disciplinary team’s ability to analyze both the technology and strategy allowed us to provide a robust Fairness Opinion to the Board of Directors of Ares Acquisition Corporation.

Results

Ocean Tomo served as financial advisor to the Special Committee of the Board of Directors of Ares Acquisition Corporation, supporting the acquisition of X-energy at a pre-money valuation of approximately $2B.

Key Contacts

Gregory Campanella
Senior Managing Director
Intellectual Property
+1 415 946 2605
[email protected]


Molly Keelan
Senior Director, Strategic Accounts
Intellectual Property
+1 312 622 3471
[email protected]

Related Practice Areas

> Intellectual Property Management Consulting
Ocean Tomo, a part of J.S. Held, delivers specialized expertise in the management of clients’ intellectual property (IP) assets, spanning strategy, analytics, valuation, operations, and risk mitigation. Our IP management services are focused on assisting IP and strategy departments with corporate planning guidance, operational execution support, risk management, and technical understanding.

> Intellectual Property
Ocean Tomo, a part of J.S. Held, provides expert opinion, management consulting, advisory, and specialty services focused on matters involving intellectual property (IP) and other intangible assets. Our intellectual property services address economic damage calculations and testimony; business licensing strategy and contract interpretation; patent-focused business intelligence; portfolio development strategy; litigation support; trade secret reasonable measures; asset and business valuation; strategy and risk management consulting; merger and acquisition advisory; debt and equity private placement; and IP brokerage.

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