Primus Capital has made a major growth investment in ClearCompany, looking to fuel its growth, and expand its portfolio of solutions and client reach in the market. Boston-based ClearCompany is a talent management software company focused on helping clients improve their talent lifecycle. The Primus investment is the first institutional equity capital raise since the inception of ClearCompany. The employee and management teams will remain as majority owners, but now the company has a strong financial partner, ready to support this new stage of growth. Jon Dick, managing director of Primus and Aaron Davis, director of Primus, will join the ClearCompany board of directors. “The investment from Primus will enable us to continue to innovate our product suite and further build the sales and support resources to underpin our rapid growth,” ClearCompany CEO Andre Lavoie said in a statement. “We recently signed a key partnership with ADP and this investment will be critical to executing on the promising relationship and go to market plan. We have an exciting future at ClearCompany, and Primus’ deep experience with SaaS companies, specifically with human capital management software, will be extremely valuable to the next phase of our growth.” First Analysis Securities Corp. served as exclusive financial adviser to ClearCompany in the transaction. TPG Sixth Street Partners provided a credit facility as part of the transaction.
