Stout served as financial advisor to Ambienta SGR SpA, Europe's largest sustainability-focused investment fund, in connection with its sale of Energy Wave S.r.l. to Antas S.r.l., the leading energy-savings contracting company serving the public sector in northern Italy.

With locations in Milan, Dusseldorf, and London, Ambienta is a leading European private equity firm focused on niche-leading businesses driven by the environmental trends of resource efficiency and pollution control. With funds under management of €1 billion, the world’s largest capital pool for this strategy, Ambienta has completed 33 investments to date.

Energy Wave, headquartered in Alessandria, Italy, and with six commercial offices across the northwestern part of the country, is focused on delivering energy-efficient heating solutions to large residential buildings with centralized heating systems. The company holds strong brand recognition and leading market position in northwest Italy, serving over 2,000 buildings and 35,000 apartments. Energy Wave’s services include energy audits, engineering, and the installation, operation, and maintenance of modern heating systems and smart meters.

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