December 17, 2021
Clearsight Advises Danforth Advisors on an Investment by Avesi Partners
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its Outsourced Finance and Accounting and Life Sciences Consulting practices. Clearsight served as the exclusive financial advisor to Danforth Advisors, LLC (“Danforth” or the “Company”), a portfolio company of Stone-Goff Partners (“Stone-Goff”), on a growth investment by Avesi Partners (“Avesi”). This transaction reaffirms Clearsight as the leading advisor to high-growth outsourced services and professional services firms.
Founded in 2011, Danforth is the financial and operational backbone to hundreds of life science companies. The Company’s services span wide-ranging needs, whether short or long term, including accounting and operational finance support, capital raising, financial planning and analysis, IPO preparation, post-public SEC compliance, clinical business operations management and strategic and operational human resources. Danforth has been a strategic and trusted thought partner to more than 750 life science companies, private and public, across all stages of the corporate life cycle.
This investment will accelerate Danforth’s plans to meet the additional needs of emerging life science companies, which, apart from sound science, require sector-specific expertise to start, grow, and successfully operate towards their best possible outcomes.
Chris Connors, CEO of Danforth, celebrated the transaction, “Clearsight’s extensive experience and track-record across the consulting and life sciences sector made them an obvious choice as our investment banking partner. Through every step of the process, the Clearsight team exceeded our expectations and were critical in getting us to this exciting next chapter.”
Laurens Goff, Co-founder and General Partner at Stone-Goff, commented, “When looking into an advisor for Danforth, we sought an investment bank with deep knowledge of the consulting and outsourced services space with particular experience in the life sciences market. Clearsight’s deep market insights and relationships with growth-oriented private equity firms specializing in high-end professional services allowed us to achieve a great outcome for all stakeholders.”
Clearsight Co-founder and Managing Director Greg Treger added, “It was a pleasure to work with the extraordinary Danforth and Stone-Goff teams. Danforth is a fantastic business, built on an incredible culture, and we are excited to have helped them transition from one great partnership with Stone-Goff, to the next with Avesi. We’re thrilled to see Avesi and Danforth work towards fulfilling Danforth’s larger vision of creating the leading outsourced professional services firm to the biotech and life sciences market.”
The Clearsight deal team included Greg Treger, Bhavin Patel, Tory Steel, Michael Slarve, Emily Shepherd and Ashton Mann.