www.firstanalysis.com
One South Wacker Drive • Suite 3900 • Chicago, IL 60606
First Analysis invests in HR outsourcing company
Achilles Group is a business process outsourcing company that becomes the HR
director or department for small and mid-sized businesses. Achilles Group's perfor-
mance-driven HR outsourcing model encompasses an array of services and related
technology. Typical clients include entrepreneurs looking for large-company HR skills.
Achilles Group serves clients in industries such as engineering, technology, manufactur-
ing, restaurants, hotels, banks, transportation, retail, services, and construction.
First Analysis recently led a $2.5 million Series A investment in Achilles Group. The
funding will enable Achilles Group to expand in the southern U.S., from California to
Florida, and further strengthen its service offering.
The First Analysis investment team was led by Jim Macdonald and Todd Van Fleet. We
worked on this opportunity with principals of the Ephor Group, who were familiar with
our history of investing in human resources companies and outsourced business service
providers and with whom we co-invested in Achilles Group.
First Analysis is a leading private growth-equity investor. It has one of the longest
records (20+ years) in private capital investing. It has invested over $645 million, has
created over $1.5 billion in fund liquidations, and has over $240 million in active portfolio
investments. First Analysis focuses on its three sectors of expertise: outsourced ser-
vices, information technology, and chemistry-enabled businesses. First Analysis invests
for expansion and growth in small and mid-size companies with established business
models, high internal growth rates, and large-market leadership potential. The firm is
typically the lead or sole investor in its portfolio companies, investing up to $10 million,
and it has a number of established co-investor relationships.
For more information, please contact:
James Macdonald: (312) 258-7124 Todd Van Fleet (312)