 |
ICR Inc. is working One Nuclear’s plan to go public via a merger with Hennessy Capital Investment Corp. in a SPAC deal valued at $1B.
West Palm Beach-based One Nuclear’s plan is to meet the surging demand for electricity by data centers via a hybrid gas power and small modular nuclear reactor strategy.
It anticipates AI data center energy demand to triple by 2030 to account for 7.5 percent of US energy consumption.
One Nuclear has identified its first two priority development sites in Oklahoma and Texas, where it plans to develop up to 2 GW of gas generation capacity by 2028 and 3 GW of advanced nuclear capacity by 2034.
Richard Taylor, CEO of One Nuclear, said the SPAC deal will provide the capital and public company platform necessary to execute the company’s energy strategy and meet the rapidly growing demand for clean, reliable energy solutions.
Daniel Hennessy is excited to partner with One Nuclear as it works “to revolutionize nuclear energy deployment through the development of energy parks using advanced small modular reactor technology.”
ICR’s Caldwell Bailey handles the investment community, while Matt Dallas works the press for the One Nuclear/Hennessy merger.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
