An affiliate of Novus Energy GmbH, a client of Fairlead Advisors, sold its CHP biomass plant in Herbrechtingen, Baden-Württemberg, to the local waste disposal company WRZ Hörger from Sontheim, Germany. The transaction was closed on December 6, 2016. The parties agreed to keep the purchase price confidential.
The sale of the plant is part of Novus Energy’s successful exit from the German bio energy market.
Nirenberg Neuroscience LLC, a client of Fairlead Advisors, agreed to grant Ford Motor Company an exclusive licensing agreement to use NN’s patented computer vision platform for use in the automobile sector.
Ford’s partnership with Nirenberg Neuroscience will help bring humanlike intelligence to the machine learning modules of its autonomous vehicle virtual driver system.
We are very pleased to announce that Renee Sass has joined Fairlead Advisors as a Partner. Renee brings to Fairlead substantial experience helping companies with strategic planning, mergers & acquisitions, and debt and equity fundraising efforts.
Since 2009, Renee has been part of the credit team supporting the Department of Energy Loan Program Office in several capacities. During this time she also assisted both entrepreneurs and financial investors with fundraising and divestiture mandates. Prior to 2009 Renee served in senior executive management roles in clean energy technology companies. From 1991 to 2002 Ms. Sass worked at NRG Energy, Inc., (NYSE: NRG) in a variety of senior finance and development positions before joining the senior management team as Vice President-Strategic Planning and Portfolio Assessment.
Please join us in welcoming Renee to Fairlead Advisors.