GCA becomes part of Houlihan Lokey


Transaction Details

December 5, 2019


Industrials and Industrial Technology

Deal Type

Mergers and Acquisitions, Minority Investment

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GCA Advises RR-energy on Its Sale of a Preferred Equity Stake in TAE Technologies

We are pleased to announce that our client, RR-energy LLC (“RR-energy”), has sold a preferred equity stake in TAE Technologies, Inc. (“TAE Technologies”), the world’s leading developer of innovative clean nuclear fusion energy and related technologies, to a consortium of private investors.

Based in Foothill Ranch, CA, TAE Technologies has raised over $500 million in venture capital to date from leading energy and technology investors including New Enterprise Associates (NEA), Venrock, Wellcome Trust and Google. The company’s groundbreaking work has led to industry-wide advances in accelerator and plasma physics and has acted as a catalyst for a range of adjacent innovations. The TAE team includes world-renowned experts in areas such as FRC plasma theory, accelerator and beam physics, control and simulations, magnets, pulsed power and electronics, diagnostics and ultra-high vacuum technologies. Its advisory panel includes numerous Nobel laureates, Maxwell Prize winners and members of the National Academies of Sciences and Engineering.

RR-energy is a joint-venture entity owned by funds controlled by Rusnano Group, a government-sponsored technology investment vehicle, and JSC Atomenergoprom, a state-controlled company with holdings in the atomic energy industry.

GCA acted as exclusive financial advisor to RR-energy in connection with this transaction.

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