Baird Global Investment Banking has advised on the sale of Ecova by Avista Capital to Cofely USA, an indirect subsidiary of the French multinational utility company GDF SUEZ.
Ecova is a total energy and sustainability management company that helps commercial, industrial and utility clients manage and navigate the complexities of energy and resource management to reduce cost and consumption.
The deal is valued at USD335 million in cash, less the payment of debt and other customary closing adjustments.
