North West based workforce management specialist, HireGenics, is entering a bold new phase of growth following a successful management buy-out (MBO) backed by a large scale funding facility from Praetura. Following the MBO, HireGenics has rebranded to Clarity Outsourcing Group.
The MBO marks a significant milestone for Clarity Outsourcing Group, whose leadership team will now steer UK and European expansion plans independently. Headquartered in Wilmslow, Clarity Outsourcing Group supplies temporary staff management solutions to a wide range of sectors – from corporate and healthcare to public sector and IT – ensuring business continuity for major national organisations and several blue-chip clients. Each year, the company supports over 10,000 individuals into temporary roles that offer flexibility and progression.
Commenting on the transaction, CEO Andrew Preston said: “The funding has enabled us to crystallise our growth strategy. With the support of Praetura, we are now fully equipped to scale responsibly, expand our client base and deepen the impact we have on the UK workforce.”
Andrew Preston is widely recognised as a leading figure in the industry, with an extensive international career and multiple accolades to his name including Top 100 Most Influential Leaders in Europe, and European CEO of the Year. Previously, he led the transformation of Geometric Results Inc. into a sector frontrunner, underpinned by innovation, scale and impact.
Commenting on the transaction, Andrew added: “This deal was a pivotal moment for our UK strategy, and the support from our advisor and Praetura were second to none. Their insight, pace and commitment gave us the confidence at every turn and we are energised by what lies ahead.”
Introduced by Charlotte Harrington at Cortus Advisory, the transaction represents a key milestone in the firm’s advisory mandate and underscores their expertise in delivering larger, more complex funding solutions.
Charlotte commented: “It’s been a privilege to support Andrew and the team through this transformative phase. Clarity Outsourcing Group’s sector reach and operational strength made them a compelling prospect, and Praetura’s alignment with their vision was evident from day one. Bringing together the right funding partner with a standout management team has laid a strong foundation for their UK expansion and we’re excited to see that journey unfold.”
Praetura played a pivotal role in financing the MBO, navigating the complexities of a transatlantic carve-out within a tight timeframe to provide a confidential invoice discounting facility.
Dan Topham, Sales Director North West at Praetura Commercial Finance added: “It was a privilege to support Andrew and the team throughout this strategically important transaction. The deal required agility and close cross-border collaboration, and we are pleased to see Clarity Outsourcing now well-positioned to execute its UK expansion plans with confidence and impact. I’m proud to have played a role in this milestone and look forward to seeing their continued success unfold.”
The funding signals confidence in Clarity Outsourcing Group’s proven operating model and impact-driven mission, underscoring Praetura’s commitment to backing businesses that go beyond capital.
