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.
Expertise
Featured Work
-
Mergers and Acquisitions
TD Securities Inc. Facilitates Nuvei Corporation’s $6.3 Billion Acquisition by Neon Maple Purchaser Inc.
Goodmans advised TD Securities Inc. in connection to its role as financial advisor and independent valuator for the Special Committee of the Board of Nuvei Corporation (“Nuvei”) in its go-private… -
Shareholder Activism
Algonquin Power & Utilities Corp. appoints new directors to Board and extends cooperation agreement with Starboard
Goodmans LLP advised Starboard Value LP (“Starboard”) in connection with the extension of cooperation agreement with Algonquin Power & Utilities Corp. (“Algonquin”), pursuant to which, Algonquin… -
Aging and Health Care
Welltower to acquire Amica Senior Lifestyles portfolio for $4.6 billion
Goodmans is advising Welltower Inc. in connection with its announced acquisition of a portfolio of senior housing communities from Amica Senior Lifestyles and Ontario Teachers' Pension Plan for… -
Mining
Coeur Mining, Inc. acquires SilverCrest Metals Inc. at an implied equity value of approximately US$1.7 billion
Goodmans LLP acted as Canadian counsel to Coeur Mining, Inc. in connection with its acquisition of SilverCrest Metals Inc., whereby pursuant to a plan of arrangement Coeur acquired all of the issued… -
Mergers and Acquisitions
Converge Technology Solutions Corp. taken private by H.I.G. Capital
Goodmans LLP advised Converge Technology Solutions Corp. in the successful acquisition of all of its issued and outstanding common shares by an affiliate of H.I.G. Capital… -
Mergers and Acquisitions
Apotex acquires CanPrev
Goodmans LLP acted for Apotex Inc. in connection with its acquisition of CanPrev, a leading Canadian provider of vitamins, supplements, and other natural health products…