Clairvest Group Inc. Sale of AlsoEnergy Inc.

Goodmans LLP acted for Clairvest Group Inc in connection to its sale of AlsoEnergy Inc.

AlsoEnergy is a leading provider of solar energy software, hardware, and support services to residential, commercial & industrial, and utility solar markets that Clairvest first invested in four years ago.

Under terms of the sale, Clairvest received sale proceeds of approximately US$350 million (CVG’s portion being US$108 million) at closing – 80% in cash and 20% in Stem common shares based off of December prices. As previously announced, the sale is expected to have a positive impact on Clairvest’s book value per share of approximately $5 over the carrying value as at September 30, 2021.