AlsoEnergy: Clairvest Completes Sale of Also Energy

TORONTO, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Further to a statement released on December 16, 2021, Clairvest Group Inc. (TSX:CVG) ("CVG"), together with Clairvest Equity Partners V ("CEP V", collectively "Clairvest"), announced today the closing of the sale of Also Energy Holdings, Inc. ("AlsoEnergy") to Stem, Inc. (NYSE:STEM) ("Stem"). 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 ...Full story available on Benzinga.com