First Advantage, which provides technology solutions for human capital management, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
First Advantage is a leading global provider of technology solutions for screening, verifications, safety, and compliance related to human capital. Its comprehensive product suite includes Criminal Background Checks, Drug/Health Screening, and Extended Workforce Screening, among other features. The company derives a substantial majority of its revenues from pre-onboarding screening, performing over 75 million screens on behalf of more than 30,000 customers in 2020.
First Advantage was bought by private equity firm Silver Lake in 2019.
Source: Renaissance Capital
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