Dorsey & Whitney Advises Cenkos on ClearStar, Inc. Admission to AIM

International law firm Dorsey & Whitney LLP is pleased to announce that it advised Cenkos Securities plc as nominated adviser and broker to ClearStar, Inc. in connection with its admission to AIM, a market operated by London Stock Exchange plc.

ClearStar shares were admitted to trading on the London Stock Exchange’s AIM market on Friday, July 11, 2014. The company raised approximately £8.84 million gross (approximately £7.4 million net of expenses) from institutional investors. ClearStar is the first U.S.-based company to list on AIM this year, bringing total money raised on the market to c. £2.4 billion in the last 12 months (almost three times that raised in the 12 months prior).

ClearStar (AIM: CLST) is a technology and service provider to the background check industry, supporting background screening companies, employers and employees with their recruitment and employment application decisions. ClearStar’s IT applications use data from over 3,000 sources ranging from CVs to records held by local authorities. Searching the relevant sources, it extracts and processes information to speed up the employment process. It has helped more than 20,000 employers including Six Flags theme park operator, Toyota, IBM and FedEx. Last year, it handled 5.6 million screening services for 1.7 million people, generating revenue of £4.6 million and pre-tax earnings of £583,000.

London Corporate Partner Max Beazley led the Dorsey team, with primary assistance from London Corporate Associates Dan Park and Lauren Horman and New York Corporate Associate Brian Rosenau.

www.dorsey.com