News

Frontier Capital has exited its stake in Tampa, Florida-based Wilson Human Capital Group Inc, a staffing recruitment firm. No financial terms were disclosed. The exit comes on the heels of CIP Capital investing in WilsonHCG.

PRESS RELEASE

CHARLOTTE, N.C., Oct. 19, 2017 /PRNewswire/ — Frontier Capital, a Charlotte-based growth equity firm focused exclusively on software and tech-enabled business services companies, announced today that it has successfully completed an exit of its investment in Wilson Human Capital Group Inc. (WilsonHCG), a global leader in recruitment process outsourcing and human capital management. The exit follows CIP Capital’s strategic investment in WilsonHCG, which closed Oct. 6.

The exit represents Frontier’s fourth in 2017 from Frontier Fund III and fifth exit in total from Fund III. This year, in addition to WilsonHCG, Frontier has completed exits from its investments in Simpli.fi, ConnectSolutions and NetDocuments.

“Our investment in WilsonHCG came about as we saw an opportunity in the marketplace for companies that were taking innovative approaches to talent acquisition. WilsonHCG’s use of technology, high level of customer service and comprehensive talent management solutions made them a category leader in the space,” said Scott Hoch, partner at Frontier Capital. “We’re thrilled that our involvement helped the company expand and solidify its stance as an industry leader.”

“As more refined and technical expertise is needed by today’s employers, companies are looking for more out of their talent solution providers that can impact global talent strategy,” said John Wilson, CEO of WilsonHCG. “Frontier saw the growth potential in the human capital management space and understood WilsonHCG provided a highly differentiated offering in the recruitment process outsourcing and outsourced talent solutions market.”

During the period of its involvement with WilsonHCG, Frontier helped the company accelerate growth and build enterprise value through two strategic acquisitions that expanded WilsonHCG’s international footprint.

About Frontier Capital
Frontier Capital is a Charlotte-based growth equity firm focused exclusively on software and technology-enabled business services companies. Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity. The firm makes minority and majority equity investments in high growth companies. For more information, please visit frontiercapital.com.

About WilsonHCG
Wilson Human Capital Group, Inc. (WilsonHCG) is a global leader in innovative talent solutions that operates on the principle of providing true partnership to its clients. WilsonHCG bolsters organizations’ efforts to attract, engage and retain the talent they need to win in the rapidly evolving talent marketplace. Through the company’s integrated and highly configurable model – Talent Ecosystem™ – they transform each client’s talent function into an employer of choice that drives strategic, business impacting results. While optimizing clients’ talent strategies is essential, WilsonHCG recognizes the relationships they develop lead to the results their clients realize. Better People, Better Business.® For more information please visit: wilsonhcg.com.